Tag Archives: inflation

Gold prices rose to a six-week high before giving up their gains and stabilizing on Monday after gold buying, boosted by higher infections of the mutated Omicron strain of the coronavirus, offset pressure from higher US Treasury yields. There was little change in the price of gold in spot transactions, …

Gold headed for its first decline in three years on Friday as the global economy recovered, reducing the appeal of safe havens as central banks prepared to raise interest rates to control inflation. And by 1035 GMT, gold in spot transactions rose 0.2 percent to $ 1817.57 an ounce, and …

European Central Bank governing council member and Dutch central bank head Klaas Knot said on Thursday that the bank could end its bond-buying programmes sooner if inflation continues to surprise on the upside. Knot added that it is now appropriate for the bank to prepare for gradual monetary policy normalization …

Gold prices fell on Wednesday in thin trading as the dollar rose and US Treasury yields stabilized after falling earlier in the session, but prices remained above the key level of $1800 an ounce. And the price of gold in spot transactions fell 0.2 percent to $ 1802.67 an ounce …

Gold prices scaled a one-month high on Tuesday as recent signs of rising inflation reinforced demand, although the safe-haven metal gave up some early gains due to a stronger US dollar.Gold dropped slightly by 0.2% to $1,807.21 an ounce by 2:40 p.m. ET, after hitting an intraday high of $1,819.85 …

A quick look at central bank and government policies in the wake of the pandemic will easily help conclude that there is a highly bullish trend for commodity prices. In early 2020, when the pandemic caused selling in markets across all asset classes, there was a warning that quantitative easing, …

Investors and traders quietly resumed activity immediately after turning from a long weekend, with a thrust of optimism as reports suggest that the Omicron variant is much less serious. Before the end of the trading session, news came from France about the reintroduction of restrictions on Omicron Covid-19 spike, the …

As rising inflation threatens his presidency, US President Joe Biden is turning to the federal antitrust authorities to try to tame hot price increases that his administration believes are partly driven by a lack of corporate competition.Biden pushed the Agriculture Department to begin investigation on large meatpackers that control a …

Over the course of a year, consumer prices rose by 5.7%, the fastest surge of inflation seen in decades. Now, the omicron variant of COVID-19 is threatening any progress the country’s economy has made.In the late 1970s when inflation surged to 7, 8, 9, up to 11%, it was a …

European shares settled at the open on Friday in light of weak trading during the Christmas holidays, after global stocks rose recently on indications that the mutated Omicron may not derail the recovery of the global economy. The pan-European Stoxx 600 index was stable by 0930 GMT, after rising nearly …