News Results

  1. PRECIOUS-Gold halts record rally, drops 1% as US jobs report looms
    Reuters | 10:43 AM EST

    * Gold hit a record high of $2,882.16 on Wednesday. * Markets await US non-farm payrolls report due on Friday. * Gold's RSI indicates overbought conditions. * BoE's gold stock down 2%, says Deputy Governor Ramsden. By Anmol Choubey and Swati Verma.

  2. US weekly jobless claims edge up; worker productivity growth slows
    Reuters | 10:23 AM EST

    * Weekly jobless claims increase 11,000 to 219,000. * Continuing claims rise 36,000 to 1.886 million. * Productivity grows at 1.2% rate in fourth quarter. * Unit labor costs accelerate at 3.0% pace. By Lucia Mutikani.

  3. GLOBAL MARKETS-US shares firm as tech earnings loom, BoE cut bruises sterling
    Reuters | 10:20 AM EST

    * European shares hit record high. * Bank of England cuts UK interest rates, pound weakens. * US shares marginally higher. * Slew of corporate earnings, Amazon (AMZN) to come. * Yen strengthens on bets of more BOJ hikes. By Marc Jones and Alun John.

  4. Canada's Ivey PMI shows activity decreasing in January
    Reuters | 10:16 AM EST

    Canadian economic activity contracted for the first time in five months in January as employment grew at a slower pace and prices heated up, Ivey Purchasing Managers Index data showed on Thursday. The seasonally adjusted index fell to 47.1 from 54.7 in December, moving below the 50 threshold for the first time since August.

  5. Barrick's gold reserves rise in 2024 on Reko Diq project
    Reuters | 09:39 AM EST

    Canadian miner Barrick Gold's (GOLD) overall proven and probable gold reserves jumped 23% to 17.4 million ounces at the end of 2024, lifted by its Reko Diq copper-gold project, the company said on Thursday. The company added 13 million ounces of gold to its probable reserves on an attributable basis following the completion of its feasibility study at Reko Diq.

  6. Barrick Gold sees higher gold reserves on Reko Diq project
    Reuters | 09:13 AM EST

    Canadian miner Barrick Gold (GOLD) saw its proven and probable gold mineral reserves rise by 23% to 17.4 million ounces before 2024 depletion, largely due to its Balochistan, Pakistan-based Reko Diq copper-gold project, the company said in a statement on Thursday.

  7. US weekly jobless claims edge up; worker productivity growth slows
    Reuters | 08:42 AM EST

    The number of Americans filing new applications for unemployment benefits increased moderately last week, consistent with steadily easing labor market conditions, though opportunities for those out of work are becoming scarce amid tepid hiring.

  8. US weekly jobless claims rise marginally
    Reuters | 08:34 AM EST

    The number of Americans filing new applications for unemployment benefits increased moderately last week, consistent with gradually easing labor market conditions. Initial claims for state unemployment benefits rose 11,000 to a seasonally adjusted 219,000 for the week ended February 1, the Labor Department said on Thursday.

  9. FOREX-Yen hits 8-week high; sterling drops after BoE cut
    Reuters | 08:05 AM EST

    * Sterling slips after Bank of England rate cut. * Yen pares gains after touching 8-week high vs dollar overnight. * Dollar slightly higher, but still near recent lows. By Kevin Buckland and Greta Rosen Fondahn.

  10. Pound slides as stagflation puts BoE on deeper cutting path
    Reuters | 07:59 AM EST

    * Pound drops 1% as BoE cuts, slashes growth outlook. * BoE also hikes inflation forecasts. By Greta Rosen Fondahn and Harry Robertson. Sterling was set for its biggest one-day fall since early January on Thursday, after the Bank of England cut interest rates and slashed its growth forecasts but warned that inflation will rise "quite sharply" this year.

In general the bond market is volatile, and fixed income securities carry interest rate risk. (As interest rates rise, bond prices usually fall, and vice versa. This effect is usually more pronounced for longer-term securities.) Fixed income securities also carry inflation risk and credit and default risks for both issuers and counterparties. Unlike individual bonds, most bond funds do not have a maturity date, so avoiding losses caused by price volatility by holding them until maturity is not possible.

Lower-quality debt securities generally offer higher yields, but also involve greater risk of default or price changes due to potential changes in the credit quality of the issuer. Any fixed income security sold or redeemed prior to maturity may be subject to loss.

Before investing, consider the funds' investment objectives, risks, charges, and expenses. Contact Fidelity for a prospectus or, if available, a summary prospectus containing this information. Read it carefully.

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