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On Monday, gold prices stabilized at a minimum of six months. Fears of the investors about trade wars intensified after reports of the US plans to ban Chinese companies from investing in US technology companies, Reuters reports. As the government official familiar with the matter said on Sunday, the new rules being developed by the US Treasury will block China from buying American companies engaged in industrially important technologies. By 15:58 Moscow time on Monday, gold was trading at 1 thousand 267 dollars 55 cents per troy ounce versus 1 thousand 268 dollars 49 cents at the closuse of trading on Friday.
Oil traded higher on Friday, further reclaiming lost ground from three-week lows in the previous session as the COVID-19 situation continued to dent the global economy as well as oil consumption. Brent crude gained 0.3%, trading at $43.08 ...
The second quarter had seen Australian consumer prices dropping by a record. This could be attributed to the coronavirus crisis dragging child care cost and petroleum prices, inflicting a serious damage to years of growth toward higher inflation. Last ...
Financial markets saw record heights earlier on Friday, with the Euro continuing its 21-month gain streak and gold prices hitting its highest level amid a weakened Dollar. The Euro soared above the Dollar by 1.7%, trading at $1.1616 for the ...
Gold prices rose earlier on Tuesday morning in Asia on the back of renewed hope as the U.S. and the Europe pledged on additional stimulus packages. In the U.S., another round of stimulus measures is underway in Congress, as previous stimulus ...
Gold prices traded lower in Asia on Friday morning amid hopes for COVID-19 vaccines from the U.S. and U.K. bolstered investor appetite. Sentiment was further boosted with the European Central Bank (ECB) signaling that it may leave interest ...
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