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CME Group’s advanced figures for Gold futures markets noted traders increased their open interest for the second session in a row, this time by just 418 contracts. Volume, on the other hand, reversed three consecutive daily builds and went down by around 64.2K contracts.

The New York Stock Exchange (NYSE) closed higher on Thursday, with more investors moving towards the stock market amid a decline in the US Treasury yields. The Dow Jones Industrial Average gained 46.85 points, or 0.17%, and finished at 27,739.73 points. The S&P 500 index rose by 10.66 points or …

Oil prices decreased on Thursday, on renewed concerns regarding economic recovery from the COVID-19 crisis, after the US Federal Reserve expected the pandemic to weigh heavily on the economy and the increase in jobless claims in the US last week. Brent crude futures for October delivery settled lower by 47 …

Gold prices declined on Thursday, after the most recent meeting minutes by the United States Federal Reserve hinted at potentially further easing in monetary policy. The yellow metal’s decline comes despite the Dollar index (DXY) returning to the downward trend, on the back of an increase in jobless claims in …

Banks in South Africa have provided loan reliefs worth ZAR 537 billion ($31 billion) since the beginning of the coronavirus (COVID-19) crisis, according to the South African Ministry of Finance, Reuters reported. An increase in bad loans and impairment charges is negatively impacting the South African banking sector and the …

The British Pound (GBP) is rising against the US Dollar (USD), on the back of the latter’s decline. A surge in inflation in the UK and anticipation for a trade deal between London and the European Union (EU) are providing support for the GBP, while an increase in jobless claims …

A lawsuit by the President of the United States, Donald Trump, to block the enforcement of the release of tax records has been dismissed by a court ruling on Thursday. The verdict was built on the logic that the case could provide undue expansion of presidential immunity, Reuters reported. Trump …

The U.S. Treasury yields declined on Thursday, following the release of unemployment data. The number of people applying for jobless claims in the United States rose above one million once more, reaching 1.1 million last week, according to the U.S. Department of Labor. The yield on the benchmark 10-year Treasury …

European stocks closed lower on Thursday, following expectations by the US Federal Reserve that the COVID-19 will weigh heavily on economic activity on the short-term. The pan-continental STOXX Europe 600 settled lower by 1%. The UK’s FTSE100 also declined by 1.61%, while the French index CAC40 finished lower by 1.33%. …

White House economic adviser and the Director of the National Economic Council, Larry Kudlow, said on Thursday that the Trump administration is still engaged in the first phase of the trade deal between the United States and China, Reuters reported. The Trump administration is also pleased with the agreement’s progress …