The last week of September could keep investors on their toes. Already on Monday, the Senate will hold a vote on suspending the debt ceiling until 2022. Can President Joe Biden’s administration raise the debt ceiling to borrow even more money? If the U.S. government’s overly critical plan fails, they would have to find other […]
What investors should keep an eye on in the last week of the month Read More »
The Evergrande debt crisis continues to unsettle Asian investors as the future of the heavily indebted real estate developer remains uncertain. Concerns grew when China’s second-largest real estate developer failed to pay interest payments due from overseas bondholders.Evergrande now has 30 days to make the due payments before the bond has defaulted. Investors in Asia
Evergrande continues to worry investors in Asia Read More »
The gold price closed slightly higher. Good U.S. economic data, the strong dollar, and rising yields on 10-year government bonds, however, continue to put pressure on the gold price. Gold futures rose 1.2% to $1.7521 per ounce. Silver futures rose 1.2% to close at $22.694 per ounce. Platinum contracts rose 0.17% to $981.6 per ounce.
The gold price rose slightly, bond yields increased Read More »
Crude oil prices could already increase today at noon in Asia (GMT+7) due to concerns about the current supply shortages. Brent crude oil is up 0.14% at noon today at $78.16 per barrel.WTI crude oil is up 1.15% at $74.83 per barrel. Crude oil prices have been rising steadily for the past 3 weeks. Due
What matters this week? Read More »
The Quad Countries is a group of countries composed of the United States, Japan, India, and Australia. The Quad dialogues were initially also about military exercises and ensuring security in the Indo-Pacific region. New dialogues are expanding to include climate change and the goal of decarbonization at a rapid pace. On Friday, the first in-person
The Clean Energy Quad Read More »
Crude oil prices rose to near three-year highs. This was mainly due to global production disruptions and inventory declines. Brent crude oil rose 1.04% to $78.06 per barrel, almost reaching the highest level since October 2018. WTI crude oil rose 0.93% to $73.98 per barrel. This is the highest level since the beginning of August.
Crude oil rises for the third week in a row after tight supply Read More »
Gold prices closed higher last night (Sept. 24) as China cracks down on the cryptocurrency industry, including the unclear situation of China’s Evergrande Company. Given the situation in China, investors tend to put some safety in the portfolio. Gold futures rose 0.11% or $1.9 to close at $1,751.70/ounce. Silver futures fell 1.12%, or 25.40 cents,
Gold closed just above the $1750 mark Read More »
Gold futures fell more than $30/ounce, after rising to $1,776.13/ounce, however, gold failed to sustain the uptrend. Although supported by the dollar index, which fell 0.38% to 93.082, gold could not really take off. Investors see the stock market as a more profitable alternative at the moment. Gold futures fell $30 to $1,745.90/ounce at 8:00
Factors depressing the gold price at the moment Read More »
Oil prices have soared, reaching their highest level in more than two months. This was driven by rising fuel demand and a decline in US crude oil inventories. As part of the production in the Gulf of Mexico is still recovering from the storm damage. Brent crude futures rose $1.06, or 1.4%, to $77.25 per
Supply problems cause crude oil to rise Read More »
The gold price is weakening today after the Federal Reserve (Fed) postpones its tapering program again for the time being. India is stocking up on gold. Gold futures fell 0.80% to $1,766.55 in Asia 8:00 PM ET. The dollar, which often moves in the opposite direction as gold, has weakened but remains near its highs.
Gold weaker as tapering postponed again Read More »