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Carney: Pretty quiet.

Chakrabarti said this before delivering a strong message of support for the initiative at the annual meeting of the Center for Global Development (CGD) in Washington, which looks at both opportunities and challenges of the Belt and Road Initiative. He is also a co-host of the CGD event.

Carsten Fritsch, a commodity analyst at Commerzbank AG, said that Tuesday's gold price slump was abrupt and brutal, although the previous price increase was also sudden and sharp. The trigger for the decline could be the sharp rise in bond yields, "which caused some profit-taking and then that cascaded", he said. Yields on the 10-year US Treasury bonds climbed to 0.656 percent, the biggest increase since June.

Car dealers are under greater pressure because they had to increase car inventories to fulfill their seasonal obligation in the last month of the third quarter. Meanwhile, vehicle prices decreased which meant lower profits.

Chain of interest