The yellow metal recorded gains of more than 1% in mid-trading on Tuesday, July 1, the first session of July and the third quarter of the year, after gains of 4.17% in the third quarter between April and June, maintaining its gains of more than 20% since the beginning of the year. Since the beginning of the week, gold has...
Eurostat, the statistical office of the European Union, released preliminary estimates just a few moments ago showing that annual inflation in the eurozone rose to 2% in June, up from 1.9% in May and in line with market expectations. The largest contribution to inflation in May came from the services sector, which rose at an annual rate of 3.3%, up...
The Federal Statistical Office (Destatis) recently reported that annual inflation in the eurozone's largest economy rose to 2% in June, according to a preliminary reading, compared to 2.1% in May. This reading was revised to 1.9%, matching expectations. On a monthly basis, the index remained flat in June, at 0.0%. The core index, which excludes food and energy prices, grew...
Japanese and Chinese markets recorded gains in most of their major indices, with the exception of the Hang Seng Index, at the close of trading today, Monday, June 30, the opening session of the week and the closing session of June. This followed the gains of US indices, which reached record levels at the end of trading last Friday, with...
Data released just moments ago from the U.S. Bureau of Economic Analysis showed that U.S. personal income fell by $109.6 billion in May, a 0.4% decline from a revised 0.7% increase in April. The personal consumption expenditures (PCE) index, the Federal Reserve's preferred measure of inflation, fell by 0.1%, or $29.3 billion, from a revised 0.2% increase in April. The...
The yellow metal recorded declines of more than 1% in mid-trading on Friday, June 27, the closing session of the week, trading at its lowest level in three weeks. It is heading for its second consecutive weekly loss of more than 2.5%, affected by declining demand for safe-haven assets and an increase in investor risk appetite following a decline in...
Asian markets witnessed mixed results at the close of trading on Friday, June 27, the closing session of the week. Japanese indices rose, with the Nikkei index recording its highest closing level since January and its best weekly performance since September of last year. Chinese markets declined after figures showed a decline in profits for Chinese industrial companies. Figures released...
The three major US stock indexes recorded gains at the opening of trading today, Thursday, June 26, benefiting from increased risk appetite, easing concerns about the conflict in the Middle East, and rising expectations of a deeper US interest rate cut after reports indicated that US President Trump may nominate a new Federal Reserve chair. Both the S&P 500 and...
New orders for durable goods rose $48.3 billion, or 16.4%, to $343.6 billion in May, according to a report released by the U.S. Census Bureau just moments ago. This figure exceeded market expectations of an 8.6% increase. Core orders, excluding transportation orders, rose 0.5% in May, compared to a 0.2% increase in April (expectations were 0.1%). In detail, new orders...
The yellow metal recorded gains at the start of European trading today, Thursday, June 26, rising for the second consecutive session, supported by declines in the US dollar after reports indicated that President Trump is considering replacing Powell. This led to a rise in safe-haven currencies and assets, led by gold, which is trading up about 1.45% at $3,345 per...