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 »
On Wednesday, February 26, U.S. soybean futures extended a rebound from a sharp drop earlier this week. Meanwhile, investors were expecting Argentine export taxes to change. As a result, this new state adjustment would reduce export competition from the major soy supplier. Corn and wheat futures eased on pressure from a firmer dollar. However, the …
The epidemic and its impact on the Chinese economy are the principal causes of the decrease in daily demand for crude oil. The coronavirus outbreak and its influence on the Chinese economy initiated last month by the Lunar New Year holidays. They led to the 435,000 barrel decline in daily demand for oil in the …
The Coronavirus first quarterly decline in oil consumption Read More »
Despite an increase in coronavirus cases in China, speculators surprised the market with a series of purchases. Subsequently, Copper prices rebounded on Friday. Copper on the LME (London Metal Exchange) rose 0.7% after three months, to $ 5,765 a ton, after falling to $ 5,684 earlier. Copper traded low or almost stable most of the …
On Monday, fears have renewed that the Coronavirus will harm global growth. It has rocked the commodity markets again, with oil prices tumbling. Oil led the losses on Monday, dropping more than 3% in London and New York. Chinese fiscal stimulus and new warnings to supplies from Africa and Latin America have resulted in the …
Oil dropped more than 3% due to the fear of the Coronavirus Read More »
Phosphate, one of the commodities, may benefit from China’s outbreak of Coronavirus. As a matter of fact, the virus hinders the plant’s curtail production and transport. The Chinese market may become an opportunity for the nutrient, said Joc O’Rourke, chief executive officer of Mosaic Co., the world’s largest producer of Phosphate. Phosphate is a chemical …
During the first ten months of the current Iranian calendar year, the value of Iran’s exports to the EAEU climbed 72 %, compared to the same period in the past year. Since the implementation of the free trade agreement (FTA) between Iran and EAEU, the two sides demonstrated significant growth. Last year, Rouhollah Latifi, Spokesman …
The cost of rice in Iran is going to see upward movements. The rise in the trade cost of the product is caused by the delay in the customs clearance process. Until the product reaches clearance, the price of each delayed day is equal to 1%. The higher the cost of customs, the higher the …
Rice Prices Up in Iran – Delay in Customs Clearance Process Read More »
British gas will be changing its decision to increase extra payment for prepaid customers. The top-up accounted for £1 to £5. It caused a strong adverse reaction from customers. Traders say that trading is quiet because it’s a half-term break. Therefore, a lot of people are out. They suppose the liquidity to remain reduced this …
To provide more accurate weather and climate forecasts, the British government will invest 1.2 billion pounds (1.6 billion dollars) in the world’s most powerful supercomputer. Supercomputers play a significant role in computer science. They are useful for a wide range of intensive tasks, such as weather forecasting, climate research, quantum mechanics, molecular modeling, oil and …
The remote village of Covas de Barroso of Portugal is in the grip of a clash between two conflicting visions. The town has western Europe’s largest lithium deposit, a critical component in electric vehicle batteries. Portugal’s government planned to establish the country as Europe’s production hub for the metal. On Wednesday, it signed a contract …
Portuguese Communities Protest Against Lithium Mining Read More »
Coronavirus is affecting the global economy. But for India, it’s both: a threat and an opportunity. Deadly virus fears caused the Chinese government to ban inbound flights. Moreover, most of the airlines suspended flights to China. Among the sectors which stopped operating in China was international mail too. World postal union suspects that the suspension …
Chinese virus has a two-sided effect on India’s commodities Read More »
Mahmoud Vaezi, the Customs service office spokesman in Iran, told reporters that weather conditions this year have been favorable for the cultivation and production of rice. The country must make sure that a sufficient amount of cheap rice is available. Following this, Iran may cut imports of rice from other countries. According to the official, …
Iran Wants to Stop Importing Rice from India and Pakistan Read More »
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