Gold Market Catalysts: Effect on Prices amid Economic Uncertainty
Gold prices have performed remarkably well this year. Gold market catalysts, especially in the context of central bank buying and global economic uncertainty, have significantly influenced this performance. With the…
Citi: Gold investment demand to rise
Citi analysts have introduced a framework for understanding and forecasting gold prices, which they state aims to rejuvenate investment in this asset by providing a robust, regime-independent model. This framework…
Aussie to Get Fresh Start. Forecast as of 03.07.2024
The Reserve Bank of Australia has been increasing its interest rate too slowly. Inflation remains stubborn and does not slow down. It may be necessary to tighten the monetary policy…
Oil prices steady as lessening hurricane concerns balance bumper drawdown
Investing.com– Oil prices steadied Wednesday, largely handing back early gains but remaining near two-month highs after industry data showed U.S. inventories dropped substantially last week, boosting optimism over demand. At…
Euro expected to hold ground despite political tremors: Reuters poll
By Sarupya Ganguly BENGALURU (Reuters) – The euro will weaken modestly against the U.S. dollar this month before strengthening by year-end, despite financial markets pricing two more European Central Bank…
China’s Sinopec strikes large oil, gas flow at South China Sea well
SINGAPORE (Reuters) – China’s Sinopec (OTC:SHIIY) Corp has struck a high flow of oil and gas in an offshore exploration well in the Beibu Gulf of the South China Sea,…
Russian firms raise zinc output to meet government demand, sources say
By Polina Devitt and Pratima Desai LONDON (Reuters) – Russian firms have boosted zinc metal production over the past month to benefit from rising state demand and reduce reliance on…
Oil prices steady after large US crude inventory draw
By Arunima Kumar (Reuters) -Oil prices steadied on Wednesday after trading higher as industry data showed a bigger-than-expected draw in U.S. crude stockpiles, with gains capped by economic headwinds from…
Morning Bid: New records as jobs scanned, Tesla jumps
(Reuters) – A look at the day ahead in U.S. and global markets from Mike Dolan Federal Reserve chair Jerome Powell managed to smooth some election-ruffled feathers in bond markets…
Americans look past fuel cost, bad weather to set July Fourth travel record
By Shariq Khan NEW YORK (Reuters) – High fuel costs and the threat of a hurricane are not expected to dampen Americans’ desire to hit the road this summer, with…
