Business News Asia
The price of gold rose, but a stronger dollar and rising bond yields causing the price of gold to move up in a narrow frame. Gold futures were up 0.12% to $1,733.85, while the dollar strengthened and near a three-week…
Oil prices have rebounded from a three-week low as investors assessed demand prospects in the wake of the recent global Covid-19 rally. Delta expressed concern about the short-term demand outlook and hurt the oil price hike, which caused oil prices…
Gold prices fell as much as 4.4% to their lowest level in four months earlier. Gold futures fell 1.19% to $1,742.10, fitting $1,684.37. A strong U.S. jobs report has led investors to fear the Fed will raise interest rates and…
Why is COP26 being held, and what is a climate conference? The meeting is organized by the United Nations as COP26, or Conference of the Parties. Heads of state and government from 196 countries around the world will meet in…
The U.S. jobs report released on Friday showed that the economy is moving towards recovery. Better than expected was the conclusion underneath. The hope for an early return to the pre-pandemic period was reawakened by the jobs report. Now the…
The outbreak of the Covid-19 delta strain continues to increase. As a result, countries have resumed interdiction measures to contain the spread. This is also likely to affect oil demand, particularly demand for jet fuel. Crude oil prices have declined…
“Better than expected,” the U.S. Labor Department reported that nonfarm payrolls rose to 943,000 in July. This number was well above analysts’ estimates of 870,000. This fueled expectations for the Fed’s stimulus package and negatively impacted gold prices, which fell…
Recent tensions in the Middle East are driving oil prices higher today. Brent crude futures were up 0.24% at $70.565 ET (5:43 GMT), and WTI crude futures were up 0.26% at $68.33. On Wednesday, both Brent and WTI futures were…
Oil prices are under pressure after the U.S. and China released weak July production data. West Texas crude oil futures fell as investors worried about the spread of the coronavirus. Add to that the slowdown in production in the U.S.…
Investors eyeing the release of US non-farm payrolls. Investors are expecting the U.S. Department of Labor to release the latest non-farm payroll numbers. This comes ahead of the Federal Reserve’s (Fed) annual meeting.Analysts predicted that nonfarm payrolls would rise above…
