Oil prices fluctuated on Tuesday, recovering from losses before giving up some of its daily gains, but managed to close higher with markets anticipating the coming OPEC+ decision on production policy. Concerns over the rising number of coronavirus (COVID-19) cases in a number of countries continue to limit the effect …

Gold prices finished lower on Tuesday, as the U.S Dollar (USD) and Treasury bond yields rebounded from recent declines. However, the yellow metal was able to recover from session lows but still closed at its lowest level since April 14. Front Month Gold futures for July delivery lost $17, or …

European stocks closed higher on Tuesday after data showed economic sentiment in the Eurozone rose to its highest level in about 21 years. The pan-European STOXX 600 index gained 0.31% to close at 456.37 points. The blue-chip EURO STOXX 50 index added 0.43% to finish at 4,107.51 points. The French …

Moderna said that its coronavirus (COVID-19) vaccine is showing promising results against the Delta variant. Tests reportedly showed the vaccine led to an antibody response against all the studies variants, the company announced on Tuesday. The Delta variant was first discovered in India and appeared in many countries, leading to …

U.S. consumer confidence improved this month, reaching a new fresh high since the beginning of the pandemic, data showed on Tuesday. The Consumer Confidence index rose to 127.3 from a revised reading of 120 in May, according to the Conference Board. More consumers are showing upbeat expectations for economic recovery …

Federal Reserve Bank of Richmond President Thomas Barkin believes the Fed has achieved substantial further progress toward its inflation target, signaling his view that tapering asset purchases should begin soon. “It’s pretty clear to me we have had substantial further progress against our inflation goal.” Barkin also explained that he …

With cryptocurrencies, led by Bitcoin, still impacted by the crackdown by the Chinese government against mining and trading due to concerns over high energy consumption and financial risks, other crackdowns are leading to more concerns over crypto asset. In the United Kingdom (U.K.), market regulators are putting increases scrutiny on …

The New York Stock Exchange (NYSE) finished mostly higher on Monday with the S&P 500 and Nasdaq indices finishing at new record highs, while the Dow declined. Technology companies showed a positive performance with Facebook exceeding a valuation of $1 trillion for the first time, following the dismissal of an …

Oil prices declined on Monday and closed at their lowest level in more than a week, with markets awaiting the outcomes of the coming OPEC+ meeting. Uncertainty regarding production policies coupled with concerns over the rising number of COVID-19 cases in some countries are weighing on energy markets. The OPEC+ …

Gold futures finished higher on Monday, as the U.S. Dollar (USD) showed a relatively weak performance at the beginning of the week. Markets are anticipating key economic data this week, with some analysts seeing the yellow metal possibly restoring the $1,800 level. Gold futures for August delivery gained $2.90, or …