Category News

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Defaults in China Continue

So now it’s happened, construction giant Evergrande failed to meet an expired payment deadline on Tuesday. The failure to pay for some U.S. dollar bonds raises the risk of a massive default by the giant. Meanwhile, the next construction company…

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Gold Remains Steady

The year is coming to an end and the New Year’s celebrations are just around the corner, which could attract people to the gold market this year. Gold futures rose last night (Dec. 7) as investors keep an eye on…

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Coffee Becomes an Expensive Treat

Coffee prices are at a 10 year high! Yes, heard correctly coffee prices are as high as last 10 years ago. Analysts even expect the price increase to continue until 2023. Coffee Price The price of coffee has already risen…

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Bitcoin Back Above $50,000 Mark

This morning (December 7) Bitcoin rose 3.30% and moved at $50,875.7. On Sunday (December 5) the Cryptocurrency market did show its volatile side with Bitcoin falling 17% after investors sold to avoid risk. Indeed, there was a push towards safe-haven…

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Omicron Concerns, Crude Oil Higher Today

Crude oil futures rose to a one-week high last night (Dec. 6) after speculators and traders became active in the market, speculating that the impact of the new variant would be less severe than expected by the mainstream media. Investors…

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Gold Drops $4.4 as Dollar Strengthens

Gold futures fell overnight (Dec. 6) under pressure from the dollar’s appreciation. Meanwhile, investors are waiting for the release of the U.S. CPI to determine the Fed’s interest rate outlook. Gold contract was down $4.4, or 0.25%, at $1,779.5 per…

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Omicron’s Concerns Support U.S. Dollar

The dollar strengthened Monday morning with the uncertainty of the new COVID-19 virus strain and with U.S. inflation data expected to be hotter. Which could increase the pressure on interest rates. The U.S. dollar index against a basket of other…

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Gold Stronger Despite Taper Threat

Gold prices rose Monday as investors continued to analyze various U.S. reports and weigh the implications for the Federal Reserve’s next moves. Gold futures rose 0.01% to $1,784.15 as the dollar showed reversed volatility. Last Friday’s U.S. labor market data…

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China’s Construction Dominos Fall One After Another

From small to large, the construction giants in China are slowly collapsing. On Monday, Sunshine 100 China Holdings Ltd. announced its inability to service its $170 million debt. The Hong Kong-listed company dropped a full 44.1% to start the week…

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