Gold edged up on Tuesday but was on track for its sharpest quarterly decline in 13 years, as inflation concerns stemming from the Middle East conflict reinforced expectations that the U.S. Federal Reserve could hike interest rates.
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Foreign investors including pension funds, insurance companies and hedge funds are buying Canada’s federal bonds in record amounts, easing the cost of funding Prime Minister Mark Carney’s expensive nation-building projects but potentially introducing more volatility to Canada’s debt market.
The U.S. Supreme Court handed President Donald Trump a painful defeat on Tuesday by rejecting his move to restrict birthright citizenship on the final day of its momentous term, while also letting states ban transgender student athletes from women’s sports teams and striking down more campaign finance limits.