Gold futures continue to rise since the beginning of daily trading on Thursday, driven by increased demand for the precious metal by central banks worldwide. No tangible developments have taken place regarding the current situation in the Middle East since Iran launched attacks on Israel with missiles and drones, and …
Read More »Gold surges as No.2 Gold-Buying Central Bank faces political crisis
The world’s second-largest gold-buying central bank is trembling because to Poland’s political unrest, which has caused gold prices to briefly surpass $2040 per ounce. Poland’s central bank has reported making significant gold purchases this year, second only to China’s, but political turmoil is expected. At the time of writing, gold …
Read More »Stocks slide on firm dollar, retail sales data
Global stocks slid from two-month highs and dollar maintained its safe-haven standing and managed to steady on Wednesday after stronger-than-expected US retail sales clouded the Fed’s inflation outlook and hopes that the Fed could ease its hawkish interest rate hikes.Stocks in Europe pared overnight losses in Asia after Poland’s president …
Read More »White House Holds Russia As Responsible For Poland’s Tragic Incident
On Wednesday, the White House has not seen anything that contradicts Poland’s preliminary assessment that a missile that landed within its borders on Tuesday was most likely the result of a Ukrainian air defense missile, according to US National Security Council spokesperson Adrienne Watson.“Whatever the final conclusions may be, it …
Read More »Market Drivers – US Session 15/11/2022
Most financial assets witnessed a seemingly volatile US trading session on Tuesday. Optimism and fears constituted a fantastic mix that was seemingly obvious throughout the day. The US dollar fell to fresh monthly lows against most major rival currencies ahead of Wall Street’s opening but eventually managed to post a …
Read More »Poland’s strike reports put influence Wall Street, S&P 500 pops
A Polish reporter was quoted on the blasts tonight as saying, ”My sources in the services say that what hit Przewowo is most likely the remains of a Russian rocket shot down by the Armed Forces of Ukraine.”US stocks are rallying on the relief of the prospects that this is …
Read More »Natural Gas Soars In Europe After Russian Measures
Russian sanctions on Poland’s key pipeline are expected to limit Europe’s ability to import Russian natural gas if Ukrainian pipes go down. The Russian measures are also expected to put additional pressure on US natural gas producers as Russia is intended to cut Off Supplies to Europe.As Europe races to …
Read More »EUR/USD records five-year lows but trims some losses
The EUR/USD pair extended its free fall, which accelerated on April 22 after closing around 1.0831. The pair has since plunged more than 400 pips, hitting a fresh 5-year low around 1.0514 on Wednesday. At 1.0564, the EUR/USD recovered some ground, aiming to finish the day with losses for the …
Read More »Gazprom to suspend Russia’s gas supplies through Bulgaria as of Wednesday
Russian state-owned gas supplier Gazprom is to halt supplies going through Bulgaria and Poland into Europe as of Wednesday 27 April, Bloomberg reported on Tuesday, citing the Bulgarian Energy Ministry. This is a remarkable and major escalation in the standoff between Moscow and European nations over energy supplies and the …
Read More »US announces new sanctions on Russia’s Duma, oligarchs and defense sector
According to a US official on Thursday, the US announced new sanctions on Russia’s state Duma as an entity and its 328 members, reported Reuters. The US also announced new sanctions on Russian oligarchs Herman Gref, the head of Sberbank and Gennady Timchenko, as well as the 17 board members …
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