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Prices for imported goods in the United States fall for the second month in a row against the backdrop of a stronger dollar, Reuters reports. In December, prices for imported products fell by 1%. At the end of 2018, the indicators also showed a decline of 0.6%. The fall in prices has reached its maximum since September 2016. The decline in import prices was recorded for the first time since 2015. Imported oil prices fell by 11.6% after falling by 16% in November. Prices, excluding food and oil, have not changed since November, when they fell by 0.1%. At the end of 2018, export prices rose by 1.1%, although in December they showed a decline of 0.6%. In November, export prices fell 0.8%. The financial results of the year determined the future monetary policy of the United States. The leaders of the Central Bank of the country is not planning to raise the interest rate.
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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