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Silver to The Highest Levels in 7 Years

Silver prices are recording strong gains against the US dollar during the last hours, to test the highest levels since April 2013, with a record rise in gold, along with global tensions and the uncertainty that dominates the market. Silver traded at 12:00 GMT, up 4.55% to $ 28.22 an …

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Global Food Price Index Rises in July

The United Nations Food and Agriculture Organization (FAO) said on Thursday that global food prices rose in July, led by vegetable oils, dairy products and sugar, to continue recovery from the previous month, which came after sharp declines caused by the pandemic. The FAO Food Price Index, which measures monthly …

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European Stocks Fall After BOE Forecast

European stocks fell on Thursday after the Bank of England forecast; the economic recovery to be slower after the pandemic, which affected the London stock markets. The pan-European STOXX 600 index slipped 0.3%, with London’s FTSE 100 falling 1.4%. After seeing a rally in the previous session on the back …

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UK Construction Activity Jumps in July

Thursday’s survey data showed that the British construction industry grew at the fastest rate in almost five years in July as business rebounded after the Covid 19 lockdown, reflecting a rebound in manufacturing and parts of the services sector. However, the services sector still has a long way to go …

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Gold Futures Rose During Asian session

According to the COMEX, gold futures for October were traded at $ 2051.60/ounce, up 0.71%. It was previously traded at a session high of $2052.20/ounce. Gold may find support at $1960.00 and resistance at $2057.50. The dollar index, which measures the performance of the greenback against a basket of six …

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