Gold holds gains near 9-year peak on U.S.-China tensions and stimulus bets
Jul 23, 2020 09:52 am UTC| Commentary
Gold prices rallied to its highest in nearly 9-years, driven by an escalation in U.S.-China tensions and expectation of more stimulus measures to support pandemic-hit economies. Spot gold was trading 0.5 percent higher...
Gold prices near 9-year high on soft dollar and stimulus speculations
Jul 22, 2020 08:57 am UTC| Commentary
Gold prices rallied more than 1 percent to its highest in nearly 9 years, boosted by a weaker dollar and expectations of more stimulus to revive pandemic-hit economies. However, encouraging results from several COVID-19...
U.S. retail sales grow above expectations in June
Jul 16, 2020 16:27 pm UTC| Commentary
U.S. retail sales report for the month of June came in stronger than expected, with sales growing further due to a sharp recovery in May. The headline sales rose 7.5 percent sequentially in the month, as compared with...
Gold holds firm near 9-year peak as coronavirus concerns offset positive China data
Jul 16, 2020 09:51 am UTC| Commentary
Gold prices declined but held firm near a 9-year peak, as concerns over rising coronavirus cases and deteriorating U.S.-China relations offset upbeat Chinese economic data. Spot gold eased 0.2 percent at $1,806.23 per...
Gold steadies amid coronavirus spread, U.S.-China tensions
Jul 15, 2020 09:50 am UTC| Commentary
Gold prices surged, holding firm above the psychological $1,800 level, as worries over surging coronavirus cases and simmering U.S.-China tensions supported the safe-haven metals demand. Spot gold was trading 0.1 higher...
U.S. headline inflation accelerates in June
Jul 14, 2020 17:18 pm UTC| Commentary
U.S. consumer prices rose 0.6 percent sequentially in the month of June, the first rise since COVID-19 hit. On a year-on-year basis, CPI rose 0.6 percent, accelerating from 0.1 percent seen in May. Energy prices rose for...
Swedish CPIF inflation accelerates above expectations
Jul 14, 2020 15:05 pm UTC| Commentary
Swedish inflation remains volatile. The CPIF inflation came in at 0.7 percent year-on-year in June, above expectations. Excluding energy, CPIF rose to 1.3 percent year-on-year, 0.2 percentage points higher than...
Germany lowers voting age to 16 for the European elections
IceCube researchers detect a rare type of energetic neutrino sent from powerful astronomical objects