Gold prices rose on Thursday, recovering from their losses earlier in the session due to the rise in Treasury bond yields, supported by the recent expectations of the Federal Reserve. The surge in Treasury yields, which were fueled by expectations of a rise in inflation above 2% this year and …

Morgan Stanley became the first major bank in the United States to offer Bitcoin funds among its wealth management services, CNBC first reported. The decision reportedly follows on clients’ demand to invest in the cryptocurrency, which recently surged to new record highs supported by increased institutional demand. The new option …

European stocks closed higher on Thursday, supported by the U.S. Federal Reserve vowing to maintain the low interest rates and expecting strong economic growth this year. The STOXX Europe 600 index finished higher by 0.46% at 426.87, nearing its record high of 433.90, which was recorded on February 19, 2020. …

Mortgage rates in the United States continued to rise for the fifth consecutive week, reaching their highest level since June of last year, Bloomberg reported, citing data by Freddie Mac released on Thursday. The average 30-year mortgage rate reached 3.09%, compared with 3.05% in the previous week. It is worth noting …

Treasury bond yields in the United States surged on Thursday, after the Federal Reserve expected inflation to exceed 2% this year in its policy statement released yesterday. The benchmark 10-year Treasury bond yield rose to 1.75% earlier in today’s session, reaching its highest level since January 24, 2020. Now the …

The Bank of England (BoE) has decided to hold interest rates unchanged, maintaining its main rate at 0.10% in the Monetary Policy Committee (MPC) on Thursday. MPC members voted unanimously for the decision, and also kept the current pace of the quantitative easing (QE) program at GBP 895 billion, which …

Natural gas inventories in the United States decreased by 11 billion cubic feet (bcf) last week, according to the weekly report released on Thursday by the U.S. Energy Information Administration (EIA). Working natural gas in storage reached 1,782 bcf as of Friday, March 12, the report showed. Gas stockpiles were …

The New York Stock Exchange (NYSE) finished higher on Wednesday, after the Federal Reserve expected high economic growth in the U.S. this year, and despite expectations that inflation rate will exceed 2% this year. The Fed also maintained interest rates and vowed to keep the current pace of asset purchases …

Oil prices declined on Wednesday amid continuous concerns about the recovery of global demand, as well as the fourth consecutive weekly rise in U.S. crude inventories. Brent crude futures for May delivery closed lower by about 0.6% at $67.98 per barrel. Meanwhile, the West Texas Intermediate (WTI) crude futures for …

Gold futures settled lower on Wednesday, as rising U.S. Treasury bond yields pressured the yellow metal ahead of the release of the Federal Reserve policy statement. Gold futures for April delivery declined by $3.80, or 0.2%, to finish at $1,727.10 per ounce. After the Federal Reserve announced its decision to …