Gold prices declined on Thursday, as the U.S. Dollar (USD) rebounded against major currencies, following the release of positive economic data. Positive data also led to improved expectations for economic recovery, reducing demand for safe haven investments. Gold futures for August delivery fell by $6.70, or 0.38%, to finish at …

Working natural gas in storage in the United States rose by 55 billion cubic feet (bcf) last week, according to estimates by the U.S. Energy Information Administration (EIA). The EIA data showed on Thursday that natural gas supplies reached 2.482 trillion cubic feet in the week ended June 18, down …

Inflationary pressures in the United States are temporary but monetary policymakers must be careful in closely monitoring consumer prices, the President of the Federal Reserve Bank of Richmond, Thomas Barkin, said on Thursday. “I do believe we are in the middle of a temporary adjustment cycle during which workers will …

Mortgage rates in the United States surged this week amid expectations that the Federal Reserve could raise interest rates sooner than previously expected, according to data by Freddie Mac. The fixed-rate 30-year mortgage registered an average rate of 3.02% for the week ended June 24. This marked an increase of …

The United States is seeing increased expectations that the recent surge in inflation might be as temporary or transitory as currently expected. The President of the Federal Reserve Bank of Atlanta, Raphael Bostic, believes that raising interest rates could take place next year, given the upside surprise in recent data …

Inflation in the United States will decline by the end of 2021 to near 2%, the U.S. Secretary of the Treasury, Janet Yellen, said on Wednesday. Speaking in front of a Senate committee, Yellen told lawmakers that economic recovery is on a bumpy path. She believes the recent surge in …

The U.S. Secretary of the Treasury, Janet Yellen, said on Wednesday that Congress should raise or suspend the debt limit as soon as possible. In her testimony against the Senate, Yellen warned that failing to raise or suspend the debt limit would be catastrophic to the economy. The current debt …

Wall Street showed a mixed performance on Wednesday, as markets continue to react to changes in interest rates and the inflation rate. The Dow Jones Industrial Average lost 71.34 points, or 0.21%, to close at 33,874.24 points. The S&P 500 declined by 4.60 points, or 0.11%, finishing at 4,241.84 points. …

Oil prices rose on Wednesday after data showed the fifth consecutive weekly decline in U.S. crude inventories. The prospects of economic recovery and expectations for demand recovery are providing support for crude futures, with the global benchmark Brent restoring the $75 key level. The front month Brent crude futures for …

Gold prices rose on Wednesday and managed to finish net their highest level in about a week, supported by a muted performance by the U.S. Dollar (USD). Recent remarks by the U.S. Federal Reserve Chair Jerome Powell that pointed to no plans to raise interest rates just to combat inflation …