Gold has been on the front foot since the European morning, bouncing from the $1920 level into the $1940s. A ramping up of energy-related tensions between EU nations and Russia plus risk-off flows have benefitted the precious metal.The gold price is currently in a phase of consolidation ahead of the …
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The Biden Administration will release 1M barrels per day in oil from the US Strategic Petroleum Reserve (SPR) over the next six months, according to a statement released by the White House on Thursday. The White House statement continued that the President will call on Congress to pass his plan …
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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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US President Biden intends to announce a new Russia sanctions package during his visit to Europe this week, including measures to crack down on sanctions evasion, White House national security adviser Jake Sullivan said at a press briefing Tuesday.Ukrainian President Volodymyr Zelensky has pleaded with the West to impose new …
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President Joe Biden on Tuesday signed a $1.5 trillion bill that funds federal operations through September and sends billions of dollars in aid to Ukraine as the country grapples with a war with Russia. Washington had to approve the spending plan by the end of the day to prevent a …
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US President Biden is expected to announce more than $1 billion in new military assistance to the Ukraine government as early as Wednesday, according to US officials. Ukrainian President Volodymyr Zelensky is expected to make a plea to Congress for more aid to defend his country.The money would come from …
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Russia made a request to China for military assistance at some point after the start of the now three-week invasion of Ukraine.The US has told allies that China signaled its willingness to provide military assistance to Russia, according to officials familiar with American diplomatic cables on the exchange.The cables, which …
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The White House is bracing for a new inflation report coming out Thursday that it expects will show continued high prices for Americans. The consumer price index, a key report indicating inflation in the US, will be released by the Bureau of Labour Statistics at 8:30 a.m. ET Thursday. Last …
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Forecaster says $120 oil triggers its pessimistic scenario. Weaker growth would blow Treasury’s budget off track. Great Britain is heading for a recession in the second half of 2022 if energy prices remain at current levels, according to the National Institute of Economic and Social Research.The research group said UK …
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The White House on Friday confirmed earlier reports that it is looking at options to cut US consumption of Russian energy. The White House labelled Russia’s attack on a nuclear plant in Ukraine as the “height of irresponsibility” and said that targeting civilian infrastructure would constitute a war crime. An …
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