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Gold prices rose on Tuesday, recovering from earlier losses to close at its highest level in about a week. The rise in the yellow metal prices came amid the decline in stock markets. Gold futures for December delivery increased by 0.31% or $8.90 and closed at $1,943.20 per ounce. Earlier …

The Euro (EUR) is maintain its declining trend against the US Dollar (USD) on Tuesday, falling to its lowest level in front of the greenback in about two weeks. The EUR/USD pair is trading lower for the day by 0.29% at 1.1783 after falling as low as low 1.766 at …

Former President of the European Commission, Jean-Claude Juncker, believes that a no-deal Brexit is the most likely scenario in current talks between the United Kingdom and the European Union, CNBC reported. “The situation is not developing in the best direction possible.”“No deal is the most possible and probable and only …

European stocks closed lower on Tuesday, continuing with its fluctuating performance after opening the week with a rise during Monday’s session. The Stoxx Europe 600 fell by 1.14%, while the UK’s FTSE100 declined by 0.12%. Similarly, the German DAX index dropped by 1.01%, while the French CAC40 finished lower by …

The British Pound (GBP) declined on Tuesday as negotiations between the UK government and the European Union are once again seeing complications. This is the fifth consecutive session in decline for the GBP, marking its longest downward trend since May. The UK Prime Minister, Boris Johnson, has reportedly threatened to …

Russia’s Minister of Finance Anton Siluanov said on Tuesday that the Russian economy could contract by less than 4% in 2020, Reuters reported. This signals an improvement compared with previous forecasts, with signs of recovery from the COVID-19 pandemic and the drop in oil prices. Meanwhile, the debt-to-GDP ratio is …

The Nasdaq Index tumbled more than 3% at the open Tuesday, September 8th as investors sold shares of Tesla and other heavyweight technology companies, while sentiment was negatively affected by growing tension between the United States and China and concerns about a faltering economic recovery. The composite Nasdaq index fell …

A Japanese government official said his country wants to reach a comprehensive deal with the United Kingdom on trade this week, indicating Tokyo’s desire to make progress on a bilateral trade pact before changing the government. Japan’s ruling party will choose a new leader next week to succeed Prime Minister …

Brandon Lewis, UK’s Secretary of State for Northern Ireland, reiterated on Tuesday that they are fully committed to the Northern Ireland protocol and the Withdrawal Agreement. “We have always sought to honour international obligations.”“Overriding need to respect wishes of the Northern Irish public must be kept in mind.”“Our approach guarantees …

In its latest report, the US-based Fitch Ratings reduced its long-term price forecasts for both Brent and West Texas Intermediate (WTI) oil. Key points“The cut in the price forecast is to reflect large underutilized production capacities, the extended period of high oil inventory caused by the coronavirus pandemic, falling upstream …