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