In addition to gold stocking, China sold a record sum of US debt amid a clear sign of diversification! Tweet on China’s gold surge Gold’s share in China’s reserves has risen to itsRead More
Turkey’s inflation rate, already one of the world’s highest, accelerated for the sixth straight month, as government policies such as wage hikes counter aggressive interest-rate increases. Tweet on Turkish Lira inflation Turkish NearsRead More
The U.S. Dollar Index on Tuesday fell 0.5%, on pace for its lowest 5 p.m. ET level in about four months, with the declines sparked by falling Treasury yields. The Tuesday retreat extendsRead More
The most actively traded gold futures contract on Monday rose 0.5% to $2,012.90 a troy ounce, on pace to settle at its highest level in six months, boosted by growing optimism about aRead More
The most actively traded gold futures contract rose 0.6% to $1,975.20 a troy ounce after the stock market’s timid performance as well as recent Federal Reserve interest rate hikes Analysts say gold pricesRead More
The average rate on the standard 30-year fixed mortgage climbed to 6.81%, according to a survey of lenders released Thursday by mortgage finance consultancy, Freddie Mac. Tweet on Mortgage rates Mortgage rates roseRead More
A new economic indicator from the Federal Reserve shows financial conditions remain the most restrictive since the 2008 financial crisis. That could convince the central bank that its rate-hiking campaign to slow theRead More
Turkish currency is down for a 15th week as interventions ease. Declines in the lira accelerated after Erdogan’s re-election Tweet in Turkish inflation Turkey’s Lira Heads for Longest Run of Losses in 25Read More
Turkey’s lira weakened toward a record low after Recep Tayyip Erdogan won a presidential runoff election! In doing so, Erdogan extended his time as the nation’s longest-serving leader in a tenure that hasRead More
Gold price wanes, as CPI reports indicate inflation is easing ! The most actively traded gold futures contract were flat at $2,043 a troy ounce after data showed that inflation eased in April.Read More
