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So if you’ve been waiting with bated breath to see whether the Federal Reserve would raise interest rates or not, at least after watching this video you can say, “Now I get it”. Over the past 30 years, there have been 4 major tightening cycles in 2004, 1999,...

The health care sector bounced back from a plunge a day earlier.

The Australian and New Zealand dollars fell by 0.6% and 0.3% respectively against their United States counterpart, and even more against the Japanese yen and euro.

Hitting risk sentiment, Glencore shares fell to a record low at the start of the week on concerns over the company’s ability to withstand a prolonged decline in prices of metals.

The greenback rose on Friday as dollar bulls took heart after Federal Reserve Chair Janet Yellen kept the door open to a hike in interest rates later this year, a week after the central bank delayed aa long-anticipated move.

Futures on the Nasdaq exchange were down 0.5 percent.

A sell-off in drug manufacturers extended into a second week.

In a speech late Thursday, Fed Chair Janet Yellen, who spoke a week after the Fed delayed a long-anticipated rate hike, said she and other Fed policymakers do not expect recent global economic and financial market developments to significantly affect the central bank’s policy.

The fears were strong enough for the Fed to leave its benchmark interest rate at 0%, where it’s been since the depths of the financial crisis in 2008.

The USA economy expanded more than previously estimated in the second quarter on stronger consumer spending and construction, the second upward revision in a row.

Increasingly, economists bet that the Bank of Japan will boost its quantitative easing at its next meeting in October.

Gold fell from one-month highs on Friday after Federal Reserve chair Janet Yellen kept the door open to an increase in USA interest rates this year, sparking a dollar rally, while palladium was on track for its biggest weekly rise in nearly four years.

Platinum clawed back some ground lost from a four-day rout on fears about demand from the vehicle sector following the Volkswagen emissions scandal.

Among other precious metals, platinum slid for a fifth session out of six on fears that demand from the auto sector, where the metal is used in diesel catalysts, could take a hit following the Volkswagen emissions scandal.

Gold dropped from its highest in a month on Friday, giving back some of its sharp overnight gains, as the dollar rallied on an assurance from Federal Reserve chair Janet Yellen that the USA central bank would begin raising rates this year. Gold prices were also falling because...