Saturday, 18 January , 2025
Which Developing Economies Will Rise After the Pandemic? 29 Dec 2020

Which Developing Economies Will Rise After the Pandemic?

The crisis has created many obstacles to growth, but also some opportunities.

Gold Prices Rise on Moving Average Crossover 29 Dec 2020

Gold Prices Rise on Moving Average Crossover

Gold prices moved sideways edging slightly higher following the news over the long weekend that President Trump had signed the US government stimulus bill.

Iran Unveils Own Oil Tanker In “Goodbye Party” For Trump 28 Dec 2020

Iran Unveils Own Oil Tanker In “Goodbye Party” For Trump

The Islamic Revolution Guards Corps (IRGC) of Iran unveiled this week the second oceangoing oil tanker it has helped to build, to show that the Islamic Republic has managed to build a tanker despite the U.S. sanctions imposed.

Iran exports €493 million of goods to Europe 27 Dec 2020

Iran exports €493 million of goods to Europe

Iran has exported €493 million worth of goods to five European countries in 10 months before November 2020, which shows a 7-percent increase compared to the previous year.

China Will be Top Global Economy 27 Dec 2020

China Will be Top Global Economy

China will leapfrog the U.S. to become the world's largest economy by 2028, according to a new report by an economic think tank, helped by its rapid and successful response to the COVID-19 coronavirus pandemic

Oil moves higher on Brexit deal 26 Dec 2020

Oil moves higher on Brexit deal

Oil prices moved higher on Thursday as news that Britain and the European Union had signed a post-Brexit trade deal, as well as a draw in U.S. inventory, sparked optimism.

Gold Price Futures Technical Analysis 26 Dec 2020

Gold Price Futures Technical Analysis

Gold Price Futures (GC) Technical Analysis – Closed Inside Key Retracement Zone at $1894.60 to $1870.30. Gold futures edged higher in holiday-thinned trade on Thursday.

Fed raises its economic outlook 23 Dec 2020

Fed raises its economic outlook

The Federal Reserve expects the real gross domestic product to fall just 2.4% in 2020, compared to a decline of 3.7% predicted in September. The Fed also upped its 2021 real GDP forecast to 4.2% from 4.0%.

Oil drops on surprise U.S. stock build 23 Dec 2020

Oil drops on surprise U.S. stock build

Brent crude futures fell 71 cents, or 1.4%, to $49.37 a barrel at 0646 GMT. U.S. West Texas Intermediate (WTI) crude futures slid 67 cents, or 1.4%, to $46.35 a barrel. Both contracts fell nearly 2% on Tuesday, already a second straight session of declines.

Gold Price Reach $1911 22 Dec 2020

Gold Price Reach $1911

Based on the optimism that the House and Senate had reached an agreement in regards to the revised bipartisan fiscal stimulus bill on Sunday, gold futures traded to an intraday high of $1912 overseas last night in London.