China’s industrial profits grow at quickest monthly pace
Profits at China’s industrial firms grew in October for a sixth consecutive month and at their quickest pace since early 2017.
Gold Weekly Price Forecast
Gold markets got hammered during the week as we continue to see a lot of money flow into the “risk-on” trade. Gold was ditched and fell below the $1800 level.
Collective effort, innovation keys to overcome sanctions
Leader of the Islamic Revolution Ayatollah Seyyed Ali Khamenei says the collective effort, and innovation are the keys to ward off the impacts of the cruel sanctions against the Iranian nation.
Gold price down 2% following strong sentiment in service, manufacturing sector
A multi-year rise in sentiment in the manufacturing and service sector is pressuring gold lower as prices break below critical support. December gold futures last traded near session lows at $1,841.40 an ounce, down 1.6% on the day.
Leader to attend Supreme Council of Economic Coordination
The Supreme Council of Economic Coordination session will be held today in the presence of the Leader of the Islamic Revolution Ayatollah Seyyed Ali Khamenei.
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 […]