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, ... Read More
The European Commission has announced that it has approved a plan by Germany to create a fund of... Read More
According to the report of the American oilfield services company Baker Hughes, the number of... Read More
According to the European statistical agency Eurostat, retail sales in the eurozone in May rose by... Read More
According to the US Department of Commerce, the country's foreign trade balance deficit amounted to... Read More
According to the US Department of Labor, in June the number of jobs in the economy increased by 4.8... Read More
According to the Institute for Supply Management (ISM), the US index of business activity in the US... Read More
According to analysts at Conference Board, the US Consumer Confidence Index in June rose to 98.1... Read More
More than 40% of the S&P 500 companies withdrew quarterly or annual forecasts due to the... Read More
According to the Bureau of Economic Analysis of the US Department of Commerce, consumer income in... Read More
According to the final estimate of the US Department of Commerce, the country's GDP in the first... Read More
The Council of Economic Experts under the German government has adjusted the forecast for German... Read More
Today in the United States published a report of the National Association of Realtors (NAR),... Read More
A meeting of the Central Bank of Switzerland took place today, at which the regulator announced... Read More
Today, a meeting of the Board of the Bank of England took place, at which the regulator kept the... Read More
According to the US Department of Commerce, retail sales jumped 17.7% in May compared with April.... Read More
On Thursday, a meeting of the Bank of England board will take place, during which the regulator can... Read More
According to the US Department of Labor, the number of applications for unemployment benefits... Read More
According to the US Department of Labor, consumer prices in May rose 0.1% on an annualized basis,... Read More
According to the Federal Statistical Office of German (Destatis), exports in the country, which is... Read More
According to the forecast of the Italian statistical office ISTAT, the country's GDP will fall by... Read More
Today it became known that the ministerial meetings of OPEC and OPEC + will be held on the same... Read More
Today, a meeting of the European Central Bank (ECB) and a speech by regulator Christine Lagarde... Read More
Egypt has commissioned a new well in the Western Desert, capable of producing more than 0.5 million... Read More
The Central Bank of China said that the economic damage from the coronavirus pandemic was stronger... Read More
According to the final assessment of the research organization Markit Economics, the index of... Read More
According to the final data of the statistical agency Istat, the Italian economy in the first... Read More
According to the US Energy Information Administration (IEA), commercial oil reserves in the country... Read More
The European Commission proposes to adjust the multi-year financial plan of the European Union... Read More
The Federal Reserve is ready to move on targeting the yield of treasury bonds – this was the c... Read More
White House economic adviser Kevin Hassett said the US unemployment rate could be over 20% in May... Read More
