Gold prices jumped about 1 percent to their highest level in more than a month on Monday, as concerns about the economic fallout from the Russia-Ukraine war and rising inflation pushed investors to the precious metal as a safe haven. And the price of gold in spot transactions reached 1993.28 …
Read More »Gold prices rise to the highest level in more than a month
Gold prices rose on Monday to touch their best level since mid-March after the Russian-Ukrainian crisis pushed investors to safe haven. And the price of gold in spot transactions rose 0.5 percent to $ 1984.20 an ounce its highest level since March 14. And US gold futures rose 0.8 percent …
Read More »Gold is on its way to achieving weekly gains amid political and economic risks
Gold prices fell on Thursday but were still on track to record a weekly increase, supported by the demand for safe havens due to the Ukraine crisis and mounting price pressures. By 1100 GMT, gold fell in spot transactions 0.2 percent to $ 1973.41 an ounce, after rising for six …
Read More »Gold Holds Gains, Hovers Around $1,980
Gold holds in fresh bull-cycle highs in the midday New York session. The Gold Price is being supported amid continued demand for inflation protection in wake of the latest CPI/PPI data. Geopolitical tensions also remain higher and the prospects of Russo-Ukraine peace remain poor, underpinning the Gold Index.Gold price has …
Read More »Germany To Stop Russian Gas Imports ‘Very Soon’
German chancellor, Olaf Scholz, said that Germany is doing all it can to wean itself off Russian energy, but declined to endorse a claim by Boris Johnson that it would stop importing Russian gas by the middle of 2024.Scholz said only that the goal would be achieved very soon, and …
Read More »The ruble rises for the ninth session
The Russian ruble rose for the ninth straight session in Moscow, closing near 83 to the dollar on Thursday, and stocks jumped as some limits on short-selling were lifted, with the market focusing on the effects of Moscow’s demand to pay for its gas exports in rubles. The ruble rose …
Read More »Russian Defense Ministry says will scale down military activity around Kyiv and Chernihiv
The Russian Defense Ministry said on Tuesday that it would scale down military activity in Kyiv and Chernihiv in order to create conditions for dialogue, reported Reuters, correcting an earlier headline where they had claimed that Russia said it would “stop” military activity in the area. The Russian Defense Ministry …
Read More »AUD/USD Impacted By profit taking
The Australian dollar slumps from YTD highs around 0.7540 as market sentiment fluctuates as a result of developments concerning the Russia – Ukraine’s crisis, China’s Covid-19 outbreak, and higher inflation prompted global central banks to tighten monetary policy conditions. The AUD/USD pair is trading at 0.7492. The market mood turned …
Read More »USD Benefits From Global Turmoil
The market mood is sour, helping the American dollar to end the day with gains against most major rivals.The initial catalyst came from the Bank of Japan. The central bank announced it would be buying an unlimited amount of 10-year JGBs at 0.25% in an attempt to defend the yield …
Read More »Russian Foreign Minister: Relations between Russia and China are at their strongest ever
Russian Foreign Minister Sergei Lavrov said that Russia and China relations are at their strongest ever, as Western countries seek to isolate Moscow with unprecedented sanctions over the Ukraine crisis. Beijing has repeatedly expressed its opposition to the sanctions, insisting it will maintain normal economic and trade relations with Russia, …
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