Gold prices rose modestly on Friday, as the U.S. Dollar (USD) declined across the board, finishing the week higher for the first time in four weeks. The rise in U.S. inflation provided support for gold amid mixed expectations for interest rates. Gold futures for August delivery gained by $1, or …

European stocks closed higher on Friday, for the second consecutive session, on the back of an improved investors’ sentiment following a slew of positive economic data. The STOXX Europe 600 index rose by 0.13%, its highest rise since May, to finish at 457.63 points, extending its weekly gains to 5.58 …

The number of rigs drilling for crude oil and natural gas in the United States remained unchanged this week, data showed on Friday. The rig count stood at 470 for the week ending June 25, according to the weekly report by Baker Hughes. The number of oil rigs decreased by …

The Australian Dollar (AUD) rose on Friday against its U.S. counterpart, as the U.S. Dollar (USD) continues to fluctuate with markets yet to clearly understand the future path of inflation and the the subsequent changes in interest rates and the broader monetary policy. The AUD/USD pair rose in earlier trades …

U.S. consumer confidence declined in late June, according to data by the University of Michigan released on Friday. The Index of Consumer Sentiment eased to 85.5 from an initial reading of 86.4 earlier this month. Compared with its reading in May at 82.9, consumer sentiment maintained an improvement.               The current …

U.S. President Joe Biden announced that a bipartisan deal has been reached on the infrastructure plan with a vote on the draft bill expected this summer. The five-year mega plan includes huge government spending and investments of about $1 trillion, with the aim of revitalizing the job market, and overhaul …

The main indices of the New York Stock Exchange (NYSE) closed higher on Thursday, with Wall Street investors optimistic about the recent agreement on a new infrastructure plan promising increased work for a number of listed companies. The Dow Jones Industrial Average closed at 34,196.82, rising by 322.58 points, or …

Natural gas futures on the New York Mercantile Exchange (NYMEX) registered on Thursday its largest rise in about two weeks, maintaining an upward trend for three consecutive sessions, amid expectations for a recovery in the global energy demand. July futures gained 8.50 cents, or 2.55%, to settle at $3.4180 per …

Oil prices finished higher on Thursday, as markets anticipate the upcoming OPEC+ meeting that comes amid a surge in prices due to expectations for stronger demand during the second half of the year, as the global economy is recovering from the coronavirus crisis. Brent crude futures for August delivery rose …

European stocks closed higher on Thursday, as positive economic data provided support for expectations for recovery from the negative impacts of the pandemic. The STOXX Europe 600 index rose by 3.94 points, or 0.87%, to close at 457.04 points. The pan-European index rose for three out of the last our …