The gold standard is a monetary system backed by gold. In other words, each monetary unit’s value is directly linked to a specific quantity of gold. With this system, the coin issuer guarantees that gold
In relation to gold, silver has been undervalued only two times in modern history. Once during the Second World War, and then the early 1990s. For those who think silver will return to average, it’s
Rising disputes between the United States and China and the re-emergence of the coronavirus caused prices of oil to fall. China and the United States have been embroiled in trade tensions for nearly a year.
Oil prices rose 2% on Monday, supported by shorter supplies from major producers. At the same time, restrictions continued to relax despite a record rise in coronavirus cases globally. International benchmark Brent gained 89 cents,
Tuesday has been the volatile day for the oil market. At the end of last night’s trading session, prices jumped more than 1 percent. The US oil prices increased above $ 40 for the first
The Mexican oil mix ended last week with a gain of 11.5%, equivalent to $3.62, standing at $35.04 per barrel. It is the best rate after the coronavirus outbreak and the escalation of the price
It has been a hectic few days for oil price watchers. BP revised down its long-term projection for oil prices to $ 55 a barrel of Brent crude, and then the US Energy Information Administration.
The market is operating defensively on Thursday after the increase in COVID-19 cases. Stock markets are moving lower, but gold fails to translate that into profit because the dollar is also higher. According to the
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