Gold ends the week with a drop, reaching the lowest level in the last three years. The market value of the precious metal has been declining throughout the week and has lost more than 4% of its value. Spot gold is currently trading at $2,561 per ounce.Experts believe that the decline in the value of gold is due to a strong dollar and expectations of a stricter US monetary policy under Trump. Also, high interest rates make gold less attractive to investors.Comments by Fed Chairman Jerome Powell, ... Прочетете още
According to the US Department of Labor, in the first week of April, the number of initial... Прочетете още
Eurozone finance ministers held a videoconference, during which they expected to agree on the main... Прочетете още
Industrial production in Germany in February unexpectedly showed an increase. At the same time, the... Прочетете още
According to Sentix analytics, investor sentiment in the eurozone fell to a record low in April, as... Прочетете още
Retail sales in the UK in March fell to a record low due to the fact that sales volumes declined... Прочетете още
According to official figures, the number of unemployed in Spain in March 2020 increased at a... Прочетете още
Analysts believe that the economies of Germany and Canada are the most susceptible to the shocks... Прочетете още
The price of oil in 2020 will be kept below the level of $40 per barrel. This conclusion was... Прочетете още
Oil refineries around the world have begun to suspend production or reduce refining volumes, as... Прочетете още
The coronavirus pandemic remains the main news of the day. The disease continues to spread,... Прочетете още
The mood in the German business community deteriorated significantly in March amid concerns about... Прочетете още
Energy experts fear that global oil storages may overflow during several months due to falling... Прочетете още
Today, the Philippine Stock Exchange closed indefinitely, and trading in foreign currency and bonds... Прочетете още
Since the beginning of 2020, the Chinese economy has experienced the most severe recession in the... Прочетете още
The European Union decided to create an investment initiative of €37 billion as part of a package o... Прочетете още
According to the results of the European Central Bank (ECB) meeting, the regulator left key... Прочетете още
The Bank of England unexpectedly lowered its base interest rate in an attempt to support the... Прочетете още
Saudi Arabian State Oil Company Saudi Aramco intends to increase oil supplies to 12.3 million... Прочетете още
The Italian authorities intend to allocate 7.5 billion euros ($8.4 billion) to combat the epidemic... Прочетете още
The Bank of Canada cut its key rate from 1.75% to 1.25% amid a rapidly spreading outbreak of... Прочетете още
The Federal Reserve Board unexpectedly lowered its base interest rate from 1.5-1.75% to 1-1.25%,... Прочетете още
The Central Bank of Australia has lowered its key interest rate from 0.75% to 0.5% per annum. The... Прочетете още
According to official figures, Italy's economic growth in 2019 has slowed to its lowest level since... Прочетете още
A key market indicator of long-term inflation expectations in the eurozone fell to a record low... Прочетете още
Major European stock indexes on Thursday evening accelerated the pace of decline and are already... Прочетете още
The German Institute for Economic Research DIW reported that Germany’s economy is close to s... Прочетете още
Italy warned the EU that it could require substantial assistance if the unexpected spread of... Прочетете още
Philip Lane, chief economist at the European Central Bank (ECB), said that the spread of the... Прочетете още
Gold prices rose to a maximum in 7 years due to fears that an outbreak of coronavirus will slow... Прочетете още
According to the Office of National Statistics (ONS), inflation in Great Britain accelerated in... Прочетете още
