Gold prices saw some gain on Monday. The US has been under pressure these days. Several major US cities became hotspots for civil unrest after George Floyd’s death in police custody. Moreover, tensions between Beijing and Washington are increasing. These factors have boosted demand for gold as a safe-haven metal. Spot gold gained 0.5% to …
Gold demand raises as the dollar weakens on riots in the US Read More »
In just over a month, the New York gold market has gone from an alarming lack of supply to a massive surplus of physical metal. The distortions caused by Covid-19 in the activity of refineries and international transport have altered the supply chain. It created a new situation that could affect the evolution of the …
New York now suffers from an excess of physical gold Read More »
Global investment in the energy sector is forecast to fall by almost $400 billion this year compared to 2019. The coronavirus pandemic crushed the energy sector. Before the outbreak, it was on track for growth of approximately 2%. The number would have been the most significant annual increase in spending in six years. Presently, investment …
Global energy investment to fall by $400 billion in 2020 Read More »
During the periods of uncertainty caused by the coronavirus outbreak, platinum prices decreased because of the reduced demand. Paul Wilson, CEO of the World Platinum Investment Council (WPIC), said that even though the metal has managed to recover, the growth in demand has not reflected the rise in prices. The price of the metal does …
In the face of the coronavirus crisis, investors are turning to gold as a safe-haven asset. The metal is reacting to the upside, which has led it to reach its maximum price in the last seven and a half years. Given this situation, it is time to review how gold demand was distributed in 2019 …
Investors worried about the post-coronavirus crisis search for safe-haven assets. It is felt in gold, silver and platinum prices. In the case of platinum, the rates have skyrocketed. There is a supply concern for the commodity since there is a shortage of mines that mint them. Platinum bullion sales have soared in recent months. A …
Sales of platinum investment coins soar worldwide Read More »
This Wednesday, Mexican oil rebounded. It reached its highest price since March 6, when there was a break between the Organization of Petroleum Exporting Countries and its allies (OPEC +) and Russia. The oil price war and increase in production flooded the crude oil market. Pemex reported this Wednesday that it sold the Mexican mixture …
Mexican oil reaches a higher price since OPEC + and Russia break Read More »
In the hope of global demand rebound, oil prices surged. The production cuts and loosening lockdowns resulted in WTI futures increasing by 13%, to $33.32 a barrel. Brent prices rose 10%, to $35.72. Oil is used in almost everything: plastics, cosmetics, clothing, and even soaps. Above all, it has become a critical component for the …
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