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 …
Russia’s wealthiest person plans to expand his blockchain platform by launching his crypto token. Clients will be able to buy metals, as well as air tickets, and transfer ski passes from his companies. It is not the first time when Vladimir Potanin decided to develop this industry. He voiced his intentions to develop crypto tokens …
Vladimir Potanin Wants to Launch His Own Crypto Token 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 …
Chinese copper buyers are asking Chilean miners to delay shipments due to the closure of ports by the Chinese government. The action followed the coronavirus outbreak increased the turmoil in world commodity trade. Víctor Garay, a market coordinator for Cochilco, says that While suppliers have not reported any violation of the agreement, they have verbally …
Copper recovered on Tuesday after traders and funds reversed bets on a decline in the price of the metal, after a coronavirus outbreak. In the London Metal Exchange, copper rose 1.7% to $5,618 per ton. Metal prices had fallen on Monday to five-month lows pf 5,523, which means a slump of almost 13% since January …
Commodities such as oil, natural gas, gold, and others play a very important role in daily life. Let’s define the meaning of commodity; it is a raw material or agricultural products in commerce that is interchangeable with other commodities. This article will help to learn more about commodity markets and exchanges. It is important to …
Commodity prices hit in China on Monday when the country reopened its exchanges after an extended Lunar New Year Holiday. Investors returned to markets restrained by fear over the impact the Coronavirus will have on-demand in the country. Chen Tong, an analyst with Tianjin-based First Futures, said that investors are leaving the market and seeking …
China’s Commodities Collapsed – Investors Leave the Market Read More »
Even though London copper prices rose on Friday, it experienced the biggest monthly fall since November 2015. On the London Metal Exchange, copper rose 0.3% to $5,601 a ton after 12 continuous sessions of losses. This month, it is down by 9.3%. Copper has seen the most pain among the significant commodities since the virus …
The copper price hasn’t been so low for the last four years Read More »
Coronavirus outburst in China pushed commodity markets lower. The number of cases has grown and spread not only in China but across the globe, which is causing concerns of lower demand growth. Prices are not stable, as the death toll rises in China. Jia Zheng, a portfolio manager at hedge fund Shanghai Minghong Investment Management …
Commodity Prices Continue to Fall by Coronavirus Fears Read More »
People interested in commodity trading should learn more about the major commodities. It is important to have at least a general understanding of main commodities such as gold, silver natural gas, etc. As a reminder, a commodity is a raw material or agricultural products in commerce that is interchangeable with other commodities. Generally, commodities are …
Spot gold prices unexpectedly went down in today’s trading concerning traders on the outlook of the precious metal. Despite heightening tensions in geopolitical and trade disputes, spot gold prices had difficulty gaining in sessions. The XAU USD trading pair went down by 0.16% or 2.50 points in sessions. Spot gold prices are currently at $1,529.74, …
In the stock news today, one of the most significant shareholders in Anglo American Plc, Indian billionaire Anil Agarwal, thinks of exiting his stake in the diversified mining company. Volcan Investments, an Agarwal’s holding company, will reduce the position by calling a transferrable bond. It is a part of an unusual building that efficiently gave …
Stock News Today: Agarwal Exits Anglo American Stake Read More »
The gold USD pair is trading in negative regions in today’s session. The precious metal’s safe-haven appeal hasn’t been working effectively on traders and investors in past sessions. XAU/USD prices have declined 0.19% or 2.70 points on Wednesday’s session. Spot gold prices currently trade around $1,403.01 compared against its previous close of $1,405.90. The greenback …
WTI Crude oil and other commodities during the first six months of 2019 Brent crude oil price fell on Monday despite the fact that the June job report surpassed the expectations. The price of the West Texas Intermediate (WTI) crude oil increased by 6 cents to $57.57 a barrel. However, the Brent crude oil price …
WhoIs Best Broker is leading Forex and Economy news Website. We provide you with the latest news and videos straight from the Financial Industry..
