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.
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.
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.
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.
Vaccine Expert Predicts Normal Life in May
As the United States recorded its 12th million Covid-19 case, the Trump administration’s vaccine program adviser predicted that life in America could be back to normal around May of 2021 as immunization is set to begin.
G-20 Calls For United Response To Pandemic
European Council President Charles Michel, on screen bottom, participates in a virtual G-20 meeting, hosted by Saudi Arabia, at the European Council building in Brussels on Saturday.
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.