Gold is trading higher for the fourth consecutive session in mid-European trading today, Friday, April 11, and is on track to post weekly gains of more than 6% after testing historic highs at the start of the session at $3,237 per ounce, supported by declines in the US dollar amid rising trade tensions and financial market turmoil, which supported safe...
Preliminary estimates from the UK Office for National Statistics showed that UK GDP rose by 0.5% in February, compared to a revised 0.0% in January, which was revised from a 0.1% decline. This was better than expectations of a 0.1% growth, driven primarily by growth in the services sector. This reading is expected to see the UK economy grow by...
Data released just moments ago by the US Bureau of Labor Statistics showed that the Consumer Price Index (CPI), a measure of inflation, fell 0.1% in March after rising 0.2% in February, falling short of expectations for a 0.1% increase. The core CPI, which excludes food and energy prices, rose 0.1% compared to 0.2% in February (expected 0.3%). In contrast,...
Data from the National Bureau of Statistics of China, released early Thursday, April 10, showed that the annual consumer price index (CPI), a measure of inflation, contracted for the second consecutive month in March, falling by 0.1% compared to a contraction of approximately 0.7% in February. Expectations were for it to remain unchanged at 0.0%. The core CPI, which excludes...
The yellow metal is trading more than 2% higher in mid-European trading today, Wednesday, April 9, after sharp declines from its record high of $3,167 per ounce on Wednesday, the eve of US President Donald Trump's tariff announcement. It then tested $2,956 earlier in the week before recovering a significant portion of its losses as the comprehensive tariffs took effect...
The Reserve Bank of New Zealand (RBNZ) cut interest rates by 25 basis points to 3.5% at its meeting this morning, Wednesday, April 9, as expected. This is the second time this year, following a 50 basis point cut in February, bringing the total cut to 200 basis points. This is the fifth cut this cycle. The bank's interest rate...
Crude prices recorded some gains in mid-day trading on Tuesday, April 8, settling at their lowest levels since April 2021, after a wave of declines exceeding 15% since President Trump announced tariffs last week. Nymex crude is trading up about 0.67% at $61.10 a barrel, while Brent crude is trading at $64.54 a barrel, up about 0.51%. Market concerns about...
. Cryptocurrencies are recording near-collective gains this morning, Tuesday, April 8, after a series of sharp declines since President Trump announced the latest tariffs, a loss of more than 30% in their market value compared to its peak in December 2024. Bitcoin, the world's most valuable digital currency, is trading at $79,640,000, up 3.50% this morning, with its market capitalization...
For the third consecutive session, the sharp volatility and continued bleeding of global markets continued with the opening of the week's session today, Monday, April 7th, with US markets officially entering the bear market phase. US President Donald Trump announced late in the session on Wednesday, April 2nd, as scheduled, the final round of tariffs, imposing a minimum of 10%...
The report released by the US Bureau of Labor Statistics just moments ago showed that 228,000 jobs were added in March, compared to the revised 117,000 jobs added in February, better than market expectations of 137,000 jobs added. Meanwhile, the unemployment rate rose 0.1% to 4.2%, while expectations had indicated it would remain unchanged at 4.1% in February. The labor...