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Analytical agency Metal Focus predicts that next year the price of gold will rise by 2% and will amount to 1,310 dollars per troy ounce due to the fact that the short positions opened in 2018 will be massively closed in 2019. According to agency estimates, next year palladium will reach a record value of 1 thousand 120 dollars per ounce, rising by 13%. Agency experts also believe that in 2019, some investors will return to the precious metals market after the stock boom this year. It is expected that silver on average will cost 16 dollars 90 cents per ounce, having risen in price by 5% over 2019.
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 ...
Japan’s Finance Minister Taro Aso expressed worries about the yen’s continual rise, calling it “rapid” and hinting at the strong currency’s impact on exports as Japan struggles through a recession. The yen’s ...
The dollar was briefly lifted on Thursday after the U.S. Federal Reserve offered no concrete clues about its next course of action, while investors hoped for an easy policy as the coronavirus resurgence stalled economic recovery. The dollar ...
Samsung Electronics Co Ltd looks forward to the second half of the year as it expects a larger increase in chip demand brought by new smartphone launches. However, the company warned that the coronavirus crisis and trade disputes carry risks. Samsung, ...
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 ...
KYC Policy