Jeff Mason is a White House Correspondent for Reuters and the 2016-2017 president of the White House Correspondents’ Association. He was the lead Reuters correspondent for President Barack Obama's 2012 campaign and interviewed the president at the White House in 2015. Jeff has been based in Washington since 2008, when he covered the historic race between Obama, Hillary Clinton and John McCain. Jeff started his career in Frankfurt, Germany, where he covered the airline industry before moving to Brussels, Belgium, where he covered the European Union. He is a Colorado native, proud graduate of Northwestern University and former Fulbright scholar.
Twitter handle: @jeffmason1
BENGALURU/MUMBAI Gold demand in India lost its steam this week as consumers held off after advancing purchases ahead of a new tax policy effective this month, while fresh buys in China too remained sluggish despite a slide in global spot prices.
BENGALURU Gold slipped on Thursday after minutes from the Federal Reserve's June meeting showed policymakers were split on the outlook for inflation and how it might affect the future pace of interest rate hikes.
BENGALURU Gold edged higher on Tuesday, supported by a ballistic missile test by North Korea and an easing dollar, but was still sitting near seven-week lows hit in the previous session.
Analysts have cut their forecasts for oil prices this year and next as the prospect of a continued large rise in U.S. production will likely slow OPEC's efforts to cut its output to help supply match demand, according to a Reuters poll.
Global prices of ferrochrome, used to make stainless steel, have tumbled to their lowest levels this year due to weaker demand from stainless steel mills in top producer China, according to traders in Asia and Europe.
BENGALURU/MUMBAI Asia gold demand ticked up this week as global prices came off seven-month highs, while Indian buyers stayed on the sidelines waiting for further price drops in the absence of fresh triggers to stoke purchases.
MUMBAI/BENGALURU Gold was sold at a discount to official prices in India for the first time in one-and-a-half months this week ahead of a new national sales tax regime that takes effect on July 1, while higher prices kept buyers on the sidelines elsewhere in Asia.
Gold edged lower on Thursday but held near the five-week highs hit in the previous session, as expectations that the U.S. Federal Reserve will hike interest rates this month weighed on prices but geopolitical concerns provided some support.
MUMBAI/BENGALURU Gold demand in Asia tapered off this week as buyers took to the sidelines in India to await a new national tax policy and as China entered a seasonal slowdown.
Gold held steady on Tuesday with investors staying on the sidelines after a suicide bombing attack in the English city of Manchester left at least 22 people dead and more than 50 injured.