Investors expect the United States Fed to announce a slowdown in rate growth this week. Against the background of this news, gold prices are rising. The price of the February futures rose by $3.35 or 0.26% and exceeded $1,300 per ounce. March futures for silver went up by 0.05% to $15.71 per ounce. US Federal Reserve will hold the first meeting on January 29-30. Experts predict that the interest rate will remain at 2.25-2.5%. Traders are waiting for an answer whether there will be a relaxation of tight monetary policy against the background of slow growth of the world economy. Market Watch Agency believes that problems in the global economy will force the Fed to keep the rate at the current level. Gold prices will rise in this case. Mitigation of US monetary policy affects the dollar, and that in turn affects the price of the precious metal. A cheap dollar makes gold more attractive to holders of other currencies.
Asian shares recorded a turbulent session on Friday as weak economic data from the United States and surging coronavirus infections worldwide dragged market confidence. The decline followed despite upbeat U.S. tech gains and signs of rebound ...
June had seen Japan’s industrial output breaking its four-month slump. The recuperation could be attributed to a modest recovery seen in broader business and consumer activity after the world’s third-biggest economy suffered from ...
Spain’s unemployment rose to 15.33% for the second quarter of 2020, according to Tuesday’s data from the National Statistics Institute amid the worsening COVID-19 situation in the country. The unemployment rate surged past the ...
Australia had seen its employment rate dropping 1.1% between mid-June and mid-July, weekly data showed on Tuesday. In addition to this, the southeastern state of Victoria recorded the sharpest plunge in employment as the state suffers from ...
Oil prices fell on Monday as a surge in coronavirus cases and the escalating U.S.-China tensions prompted a safe-haven bid. Brent crude slid 0.2%, or 8 cents, at $43.26 per barrel. U.S. West Texas Intermediate crude fell 0.2%, or 7 cents, ...