COVID brought US economy back to the brink
The resurgent coronavirus has brought the U.S. economy back to the brink of contraction, the usually upbeat forecasters at Goldman Sachs have pontificated in a new note to clients.
Latin America’s Next Oil Hotspot
Little known South American country Suriname, a Dutch colony which gained independence on 15 December 1954, is becoming one of the world’s hottest offshore drilling locations.
How High Can Oil Prices Go In 2021?
Progress in vaccine development and expectations that OPEC+ will decide in less than two weeks to roll over the current cuts for three months instead of easing them from January 2021 give bulls hopes that the oil market will regain some semblance of a balance next year.
Gold Price Analysis
Gold is consolidating Friday’s bounce from the long-held support at $1850, buoyed by a broadly weaker US dollar, courtesy of the covid vaccines-led optimism.
Can the Bull Market Outlive a Pandemic?
TEHRAN (Iran News) – Gold’s record-breaking bull market is facing an existential question after this month’s pharmaceutical breakthroughs: what happens to the rally once Covid-19 vaccines start rolling out? Gold is viewed by many as the archetypal haven asset, inevitably driven higher in times of turmoil. By that logic, a beginning of the end of […]
Pandemic is Creating Dangers for Investors
The coronavirus crisis pushed global debt levels to a new high of over $272 trillion in the third quarter, according to the Institute for International Finance.
Middle East Oil Producers Are Drowning In Debt
Persian Gulf oil producers are losing billions of U.S. dollars from oil revenues this year due to the pandemic that crippled oil demand and oil prices.
Iran determined to boost port capacities amid Eurasian coop.
Iran is boosting its ports both in the south and north of the county to improve trade with other countries and enhance its share in international corridors.
Bitcoin jumps to three-year high
Four-fold rise since March edges towards all-time record as cryptocurrency gains greater acceptance.
Gold and silver remain short
Monday was just another normal day in the markets, a new vaccine was announced helping the equities explode higher.