Tag inflation

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Dollar Stronger, Inflation Fears Spur Buying

The U.S. dollar gained against a basket of major currencies on Friday (May 20) as investors bought the greenback as a safe haven amid concerns about the impact of rising inflation. The dollar index, against the six major currencies in…

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U.S. Dollar Remains Supposed Safe Haven

U.S. stock markets are all down YTD. Gold is also down YTD after the latest downturn. Inflation concerns, recession fears, and most importantly, global equity markets have wiped out $11 trillion in assets over the last 5 weeks. Not an…

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Russia’s Inflation at 20-Year High

The Russian Federal Statistics Service (Rosstat) reported that the consumer price index (CPI) rose 17.83% year-on-year in April, the highest level since January 2002. The rise in the consumer price index was boosted by the devaluation of the ruble and…

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Gold Closed on Thursday $29 Lower

Gold futures closed lower on Thursday (May 12) as markets were pressured by the dollar’s appreciation and fears that the U.S. Federal Reserve (Fed) will accelerate interest rates to curb inflation. The gold futures fell $29.1, or 1.57%, at $1,824.6…

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China’s Inflation Higher Than Expected in April

China’s National Bureau of Statistics (NBS) reported today that the consumer price index (CPI), a measure of inflation, rose 2.1% year-on-year in April. This was above the 1.5% increase in March and above analysts’ forecasts of a 1.9% rise. In…

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