Gold and silver just achieved its highest ratio as the yellow metal slid more than 1% to its lowest price in a week. Recent price rallies motivated investors to take profits, but the metal is still on track to trade higher for the third consecutive month amid coronavirus worries. Spot gold went down 1% to …
The relentless spread of the coronavirus outside China boosted demand for safe-haven assets. And raised support for interest rate cuts from major central banks. As a result, palladium and scaled another all-time high on supply deficit worries. Both oil and Asian share markets dropped as investors reached for the safety of gold and bonds. While …
Oil Slide with Asian Stocks as Safe-Haven assets Reach High Read More »
The weekend brought soaring spikes for gold as the number of confirmed COVID-19 cases infects region outside of its core, China. The metal began this week with an initial surge to around $1660 per ounce through the Asian session as stocks continued to tumble. While the World Health Organization doesn’t want to label the crisis …
Out of 1.8 million tons of oranges grown in Egypt, 1.68 million tons are exported around the world. The record pushed the country past Spain for the second year in a row. Egypt now accounts for 38 percent of global exports of oranges in 2019, according to ASWAQ financial company. The company explained that global …
Egypt Leads the Orange Export Industry 2 Years in a Row Read More »
Gold prices fell by 0.60 dollars by 0.04% on Monday, closing at $1,580.8 in London. Futures in the United States also inched down by 0.08% to $1,581.4 per ounce from lower trading volumes than usual in celebration of an American holiday. The safe haven commodity traded a two-week high on Friday at around $1,584.65, which …
Gold Falls Despite Coronavirus Fears, but Projected to Lift Read More »
The dispute between Russia and Belarus is starting to threaten the supply of fuel in European countries. For the first time ever, the long-running disagreement between the two is getting on the nerves of European experts and traders. Reports say that Belarus will take crude from transit pipelines once shipments from Russia are below 2 …
Conflict Between Belarus and Russia Affects European Market Read More »
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