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According to the US Department of Labor, in January, just like in December, consumer prices in monthly terms remained in the country unchanged. Analysts had predicted their increase by 0.1%. In annual terms, prices in January amounted to 1.6%, slowing down by 1.9% compared with the December increase. According to experts, inflation was expected at the level of 1.5%. The indicator, which does not take into account the price of energy and food, rose by 0.2% in monthly terms and by 2.2% in annual terms. Compared to December, energy carriers fell by 3.1%. Prices also fell for gasoline and medical services. At the same time, the price of cars, rental housing, food and beverages increased.
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 ...
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 ...
Gold prices fell earlier on Tuesday in Asia as the Dollar strengthened, pulling traction away from the yellow metal. Gold futures fell by 0.85% to $1,798.65 per ounce at 1:12 AM ET (6:12 AM GMT), still remaining above the $1,800 level. Losses ...
Gold prices rose earlier on Monday in Asia, remaining above the $1,800 as the COVID-19 pandemic continues to worsen around the world. Gold futures slipped by 0.29%, trading at $1,807.15 per ounce by 12:47 AM ET (05:47 AM GMT). Investors flocked ...
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