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On Friday, gold prices started to grow based on a statement by US President Donald Trump, made during a conversation with a representative of The Wall Street Journal, that he was concerned about the state of the trade balance between the US and Japan. Trump noted that the US was beginning trade negotiations with Japan. Based on this message, the value of gold in the spot market increased by 0.33% to 1,200 dollars 82 cents per troy ounce. On Thursday, gold rose in price to almost a week's high. On Friday, the price of gold futures in the US rose by 0.22% to 1 thousand 207 dollars per troy ounce.
The Dollar fell to two-year lows on Friday, heading to its lowest decline in 10 years as concerns mounted over the economic recovery of the U.S. amid a second resurgence of the COVID-19 pandemic. The Dollar index plunged to 92.777, on course ...
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 Bank of England will announce next week how quickly it expects the economy to recover from the coronavirus pandemic, but it is unlikely to add to the 100 billion pounds of the fiscal package it released in June. Britain’s economy ...
On Thursday, the United States’ Gross Domestic Product (GDP) suffered the biggest economic decline in the second quarter as the surge of coronavirus cases affected the whole country. The U.S. government decided to shut down restaurants, ...
European shares traded lower earlier on Thursday after underwhelming earnings reports dampened a U.S. Fed vow to continue rolling out stimulus plans in a bid to soften the economic blow of the COVID-19 pandemic. The pan-European STOXX lost ...
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