Gold prices rose on Friday for the second consecutive session to expand their strong weekly gains. A fluctuating performance by the U.S. Dollar (USD) and a decline in Treasury bond yields helped the yellow metal notch its biggest weekly rise since the beginning of the year. Gold futures for June …

European stocks maintained its rally on Friday to new record highs, finishing the week with another positive performance on the back of strong economic data and recovery signs. The STOXX Europe 600 index rose by 0.9% to settle at a new all-time high of 442.20 points. The auto sector, which …

The number of active rigs drilling for crude oil in the United States increased by seven to reach a total count of 344 this week, according to data by Baker Hughes reported on Friday. With natural gas rigs unchanged, the total rig count went up by seven rigs to 439.

The U.S. Index of Consumer Sentiment rose by 1.9% this month to 86.5 from 84.9 in March, and by 20.5% on an annual basis compared with its level in April 2020, data by the University of Michigan showed on Friday. The Current Economic Conditions Index also increased by 4.5% to …

Building permits in the United States increased by 2.7% in March, data showed on Friday. The permits for future homebuilding reached a rate of 1.766 million units last month This increase comes following an 8.8% decline in February. Meanwhile, building permits surged by 30.2% on an annual basis.

Homebuilding starts in the United States surged during March, reaching their highest level in about 15 years, data by the U.S. Department of Commerce showed on Friday. Housing starts increased by 19.4% last month to reach a seasonally adjusted annual rate of 1.739 million units This is the highest reading …

The United States continues to show increasing signs of economic recovery, supported by the massive government stimulus spending and the monetary easing policies of the Federal Reserve. The measurements that aim at curbing the negative economic impacts of the coronavirus pandemic seem to be working amid a surge in consumer …

The main indices of the New York Stock Exchange (NYSE) closed higher on Thursday due to an improved investors’ sentiment and risk appetite in Wall Street and around the globe, after the release of positive economic data. The Dow Jones Industrial Average finished at an all-time high, closing above 34,000 …

Copper prices surged on Thursday to their highest level in about a month and a half, amid positive economic data prompting expectations for higher demand, amid concerns about limited supplies of the red metal. Copper futures for May delivery rose by 2.2% to settle at $4.22 a pound, reaching its …

Goldman Sachs expects that the Turkish central bank might move to cut its key rate during the fourth quarter of the year. The Central Bank of Turkey decided to maintain interest rates unchanged on Thursday in the first Monetary Policy Committee (MPC) meeting under the new leadership, in a move …