After being crushed by the coronavirus, China’s gigantic commodities industry is making a gradual but uneven return to normality. Oil and coal use slowly trend higher since factories resume operation, and people return to work. Metal’s stockpiles are still growing. Soybean processing has decreased due to a drop-off in imports. Investors are hoping that China’s …
On Tuesday, at 17:00 (HCE), the cost of silver fell to $12.44 an ounce on the Stock Exchange of London LBMA Precious Metals. Silver price per gram equals $ 0.40. Silver remains vulnerable to a new wave of sales. The metal’s dimming industrial demand outlook is preventing it from attracting haven demand that’s supporting gold …
The price of gold and silver registered sharp falls at the beginning of the new week, hit by general sales in all markets, in a context of extreme financial volatility not seen in decades. Gold dropped about 4% to $ 1,478 an ounce, its lowest level since December 2019. The price of silver plummeted around …
Investors Sell Everything to get Cash as Quickly as Possible Read More »
Extensive purchases of masks and sanitizers by people to cope with the virus outbreak has caused these products to disappear from the market. Consequently, their prices have increased. Moreover, merchants are selling items, regardless of the rates set by the government. Since demand for the face masks and sanitizers has risen in the market, profiteers …
.Corn prices went down after the suspension of the agreement between China and the US. The paralysis of the agreement between these two countries means that there is no demand for agricultural products from China, which affects the prices of cereals very negatively. Corn is a king in the world of the cereal market. Experts …
Corn prices are down after the suspension of the agreement Read More »
Crude prices have rebounded from their lowest level in four years on Wednesday. The market opened with gains in the hope that the economic stimulus from the United States could generate an increase in world demand for oil. The North Sea Brent barrel of oil for April deliveries was trading at $ 58.08 at the …
Copper prices rebounded on Tuesday from the lows of more than three years earlier, as cases of coronaviruses in China fell. Furthermore, countries around the world are preparing to take stimulus measures to contain the economic impact of the virus outbreak. The United States, Japan, and other countries announced their plans to stop the effect …
Given Uncertainty About the Coronavirus, Copper Prices Surge Read More »
Gold prices fell on Monday after reaching $ 1,700, as investors sold bullion amid the collapse of the stock and energy markets, eclipsing demand for the metal as a haven. At the same time, Palladium sank up to 8% on the day. In a volatile session, spot gold rose 1.7% to $ 1,702.56 an ounce, …
Gold Prices Recede After Exceeding $1,700 for Profit-Taking Read More »
Gold prices were up 0.5% at $1,678.25 per ounce on Friday. Earlier, it touched its highest since January 2013, $1,689.65, or 1.2%. U.S. gold futures increased 0.5% to $1,679.50. Metal prices were on track for their biggest weekly boost since January 2009. The global spread of the coronavirus made growth prospects unclear and sent investors …
Gold’s Road to the Most Significant Increase in 11 Years Read More »
The first South African bank, which issued policy toward the funding of thermal coal mining and power projects, has become Standard Bank Group, Africa’s biggest bank by assets. The policy pressures financial institutions to cut lending to fossil fuel projects. These projects generate a massive amount of carbon emissions, which is contributing to global warming. …
Africa’s biggest bank issues funding policy on coal projects Read More »
So far, in the bullish trend, the March and May positions of US cereal increased by 6.17 and 4.62%. With the active participation of the investment funds, corn prices yesterday added the fourth consecutive bullish wheel on the Chicago Stock Exchange. The threat of excessively wet weather over the US agricultural regions during the beginning …
The coronavirus has besieged not only Chinese citizens, but also, it’s economy. Due to the low dynamics, the price of many metals is falling. The economist Epifanio Baca, of Citizen Proposal, said that copper prices took the biggest hit. The metal is often used as a barometer for the world economy. The price of copper …
The gold export figure by Russia multiplied by eight during the past year. It reached a value of 5.7 billion dollars. The United Kingdom acquired almost all of the gold exported by Russia. According to the Russian RT news portal, the country increased its gold exports during the past year to a figure of 5.7 …
The UK bought gold from Russia worth more than $ 5.7 billion Read More »
The collapse of Bitcoin a week ago was followed by the breakdown of gold in the markets. The precious metal experienced sharp fluctuations this week, in which its price reached a maximum of seven years of $ 1,688.66 on Monday. It also closed with its most significant weekly decline since November. The unfortunate advance of …
The world is going crazy and emerging into chaos. But maybe it was like that all the time, and we’ve just noticed? Nevertheless, Gold is holding proud and has managed to slip for two days in a row despite a total meltdown in global stocks. Gold Futures for April delivery slipped 0.1% to USD1,650.70 by …
Nothing can stop Gold from rising, even Coronavirus Read More »
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