Bitcoin Rejects Gains as China Promises Stimulus Measures
A run-up in the bitcoin price last week fizzled as investors digested the prospects of stimulus measures in major economies. The bitcoin-to-dollar exchange rate slipped…
Economic News
Impact of Petrodollars on U.S. Dollar
Following the downfall of the gold standard (Bretton Woods) during the early 1970s, a deal was entered into by the United States of America and…
Gold futures rallied during the US session to rebound for the third straight session since October 11, shrugging off the rise in USD index according…
Gold prices near a 5-week low and attention on US inflation data
Gold prices fell on the European market on Wednesday, resuming losses, which were temporarily suspended yesterday, to close again from a five-week low as the…
Gold continues to recover from its lowest level in 19 months
Gold prices on the European market rose on Monday to resume a second straight day of a 19-month low, but gains are curbing gains in…
Oil prices are down for the third day and US crude is falling to its lowest level in two months
World oil prices extended their decline in the European market on Monday to continue their losses for the third day in a row, with US…
European Union threatens to impose additional tariffs on US goods
European Union will announce in the next few hours countermeasures in response to US President Donald Trump’s tariffs on US steel and Aluminum imports from…
Crude oil continues to decline despite falling US stocks
Crude oil extended its decline with the opening of the US market on Friday to continue its losses for the second day in a row,…