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Reuters
17 minutes ago
- Reuters
Gold holds steady as investors await Fed remarks at Jackson Hole
Aug 21 (Reuters) - Gold was little changed on Thursday as investors awaited cues on the Federal Reserve's policy outlook ahead of the annual economic symposium at Jackson Hole, Wyoming, which starts later in the day. Spot gold was down 0.2% at $3,339.97 per ounce, as of 0358 GMT. U.S. gold futures for December delivery also lost 0.2% to $3,382.40. The U.S. dollar index (.DXY), opens new tab rose 0.1%, making greenback-back priced gold expensive for overseas buyers. Fed Chair Jerome Powell is expected to deliver a keynote speech on Friday at the symposium, which will be held from August 21-23, with investors closely monitoring whether he backs measures to bolster the labor market or focuses on inflation risks. "We don't think gold prices are going to rise significantly and believe they are consolidating at the moment. Even if interest rates are cut slightly, we might see a slight uptick in gold prices, $3,400 mark is possible. If not, then prices may continue to consolidate or possibly notch a little lower, closer to $3,300," said Brian Lan, managing director, GoldSilver Central, Singapore. Last month, two Fed officials - Vice Chair for Supervision Michelle Bowman and Governor Christopher Waller - voted for a quarter-point rate cut to address job market weakness, but their stance lacked broader support. The Fed has held rates steady since December, with CME's FedWatch tool projecting an 85% chance of a quarter-point rate cut in September. Gold typically performs well in a low-interest-rate environment and during times of heightened uncertainty. U.S. President Donald Trump called on Fed Governor Lisa Cook to resign over alleged issues related to her mortgages in Michigan and Georgia, escalating his efforts to gain influence over the central bank. Elsewhere, Russia said attempts to resolve security issues relating to Ukraine without Moscow's participation were a "road to nowhere". Spot silver was down 0.1% to $37.85 per ounce, platinum fell 0.4% to $1,334.58 and palladium shed 0.5% to $1,108.84.
Daily Mail
2 hours ago
- Daily Mail
Tiger Woods handed major new golf role amid doubts he'll ever play again
Tiger Woods has been put in charge of a bold PGA Tour overhaul that could reshape the future of golf. On Wednesday, the PGA Tour announced that Woods will chair a 'Future Competition Committee,' tasked with reimagining how the tour runs its tournaments. The nine-member panel is being framed as a fresh start for a sport still fractured by the rise of the Saudi-backed LIV Golf League. 'This is about shaping the next era of the PGA Tour,' Woods said in a statement posted onto social media. The move gives the 15-time major winner a leading voice at a pivotal moment, even as he remains sidelined from competition with a ruptured Achilles tendon. Brian Rolapp, three weeks into his role as the tour's first CEO, said the committee would have a clean sheet to consider changes that uphold traditions without being tied to them. Rolapp didn't have details on several issues he faces as he takes over for Jay Monahan, including the future of a sport that has been splintered by Saudi money that created the rival LIV Golf League and lured away a number of top players. The PGA Tour's negotiations with the Public Investment Fund have stalled, and Rolapp did not make that sound as if it were a top priority when asked about the fans' desire to see all the best players together more often. 'I'm going to focus on what I can control,' Rolapp said. 'I would offer to you that the best collection of golfers in the world are on the PGA Tour. I think there´s a bunch of metrics that demonstrate that, from rankings to viewership to whatever you want to pick. I´m going to lean into that and strengthen that. 'I will also say that to the extent we can do anything that´s going to further strengthen the PGA Tour, we´ll do that,' he said. 'And I´m interested in exploring whatever strengthens the PGA Tour.' Woods, who has played only 10 times on the PGA Tour since his February 2021 car crash and has been out all of this year with a ruptured Achilles tendon, already serves on the PGA Tour board without a term limit. Now he will lead five players from the board - Patrick Cantlay, Adam Scott, Camilo Villegas, Maverick McNealy and Keith Mitchell - along with three from the business side. That includes baseball executive Theo Epstein. The tour released a 2026 schedule on Tuesday that adds another $20 million signature event, this one to Trump National Doral, as part of a 35-event schedule from January through August. Rolapp said the simplicity was mostly about connecting the regular season to the postseason. He referred to the committee's work as a 'holistic relook of how we compete on the tour' during the regular season, postseason and offseason. 'The goal is not incremental change,' he said. 'The goal is significant change.' Meanwhile, back in June, news reports claimed that Woods and Vanessa Trump were getting so serious wedding bells were imminent. Friends close to the couple said that the Woods, 49, and Vanessa, 47, were madly in love, spending all their free time together, and slowly integrating their families. But a friend of Woods recently told the Daily Mail that any talk of an imminent wedding is absurd — and that both Woods and Vanessa have financial reasons for why marriage would not make sense. 'Cynically, why should she get married? There's no point of it, and it would just complicate her alimony from Donald [Trump Jr.],' the friend said. 'And Tiger of course paid out a lot in his divorce from Elin [Nordegren], and I don't think he's particularly excited to do that again.' Vanessa has five children with ex-husband Don Jr., who she married in 2005. The couple divorced in 2018. The terms of their divorce settlement were not made public. Woods shares two children with ex-wife Elin Nordegren. They split after six years of marriage in 2010 following one of the biggest sex scandals in sports history, in which dozens of women claimed to have had affairs with the golf star.
BBC News
2 hours ago
- BBC News
Airlines Delta and United sued for selling 'window seats' without windows
Delta Air Lines and United Airlines have been sued by passengers who claim they were charged extra for a window seat but found themselves sitting next to a blank lawsuits, filed separately against the US carriers, seek millions of dollars in damages for more than a million customers of each said the companies do not flag that the seats are windowless during the booking process, even when charging a premium for declined to comment as it is an ongoing legal matter. The BBC has contacted Delta for comment. The lawsuits, which are similarly worded, seek refunds of extra fees for passengers who said they had paid for window seats but got windowless ones lawsuits, which have been seen by the BBC, were filed by legal firm Greenbaum complaints said some Boeing and Airbus passenger planes have seats that do not have windows because of the positioning of air conditioning ducts, wiring or other seats are not flagged by Delta and United during the booking process, according to court lawsuits say people buy window seats for various reasons including addressing fear of flying and motion sickness, keeping children occupied or for the passengers would not have chosen those seats - or paid more for them - if they had known they did not have windows, according to the airlines describe every seat along the sides of their planes as a "window seat", even when they know some are not next to a window, the documents may be charged more to select a window seat compared to a standard representing each case described the practice as "deceptive" and "unlawful".Other carriers, like American Airlines and Alaska Airlines, operate similar jets but disclose during the booking process if a seat does not include a window, they added.
