Turkey’s third-quarter GDP has shrunk 1.8 per cent — its first year on year decline since 2009 — confirming a deterioration in the country’s consumption-driven economy as its currency falls, inflation remains stubbornly high and citizens pull back on spending.
Gross domestic product in July through September shrunk by 1.8% annually, sinking deeper into negative territory than a 0.4% drop forecast by economists survey and reversing Turkey’s resilient growth record since its latest decline in the third quarter of 2009.…
]]>
Turkey’s third-quarter GDP has shrunk 1.8 per cent — its first year on year decline since 2009 — confirming a deterioration in the country’s consumption-driven economy as its currency falls, inflation remains stubbornly high and citizens pull back on spending.
Gross domestic product in July through September shrunk by 1.8% annually, sinking deeper into negative territory than a 0.4% drop forecast by economists survey and reversing Turkey’s resilient growth record since its latest decline in the third quarter of 2009.…
]]>
The price of Gold futures witnessed its biggest weekly fall in more than one month, as investors analysed the comments made by Janet Yellen in her speech at the Jackson Hole economic symposium and some other comments made by top Federal Reserve officials concerning the likelihood of an interest rates hike.…
]]>
The price of Gold futures witnessed its biggest weekly fall in more than one month, as investors analysed the comments made by Janet Yellen in her speech at the Jackson Hole economic symposium and some other comments made by top Federal Reserve officials concerning the likelihood of an interest rates hike.…
]]>
Gold futures today slumped to a 2-year low on the trail of comments made by a senior member of the Federal Reserve, the Fed Vice Chairman Stanley Fischer. Spot gold prices orbited around $1,333.40 an ounce in most of today’s trading session after the Fed Vice Chairman spoke to a conference in Aspen, Colorado on Sunday, where he stated that an interest rates hike this year was still much in the picture and that there would be a major upswing in the US economic growth.…
]]>
Gold futures today slumped to a 2-year low on the trail of comments made by a senior member of the Federal Reserve, the Fed Vice Chairman Stanley Fischer. Spot gold prices orbited around $1,333.40 an ounce in most of today’s trading session after the Fed Vice Chairman spoke to a conference in Aspen, Colorado on Sunday, where he stated that an interest rates hike this year was still much in the picture and that there would be a major upswing in the US economic growth.…
]]>
Gold has seen its rally halt after making a four day winning streak. The new changes have come as a result of the dollar rebounds after a senior fed policy maker said that the state of the US economy can warrant interest rate hikes soon.…
Gold has seen its rally halt after making a four day winning streak. The new changes have come as a result of the dollar rebounds after a senior fed policy maker said that the state of the US economy can warrant interest rate hikes soon.…
]]>
The mounting pressure between the stimulus upgrades made by the Bank of Japan and the Bank of England combined with the very positive US Non-Farm Payroll numbers released last week has restored monetary policy advantages and risk appetite, the question on every investor’s mind is whether the current market atmosphere can survive faltering confidence.…
]]>
The mounting pressure between the stimulus upgrades made by the Bank of Japan and the Bank of England combined with the very positive US Non-Farm Payroll numbers released last week has restored monetary policy advantages and risk appetite, the question on every investor’s mind is whether the current market atmosphere can survive faltering confidence.…
]]>
- Major investors see bright future for Gold
- Gold emboldened by market climate
Victor Sperandeo, CEO of EAM Partners, clarified that the USD and Gold are negatively correlated as he stated that the economic decline will continue to bolster Gold’s performance in the market.…
]]>
- Major investors see bright future for Gold
- Gold emboldened by market climate
Victor Sperandeo, CEO of EAM Partners, clarified that the USD and Gold are negatively correlated as he stated that the economic decline will continue to bolster Gold’s performance in the market.…
]]>
Gold prices reached an almost 1 month high on Tuesday, being positively affected by market anticipations that the Federal Reserve Bank will suppress any near future plans for monetary policy tightening as other central banks continue easing. Gold for December delivery closed at $1,372.60 a troy ounce which is around 1% higher on the Comex side of the New York Mercantile Exchange, since July 6, this is the highest settlement price.…
]]>
Gold prices reached an almost 1 month high on Tuesday, being positively affected by market anticipations that the Federal Reserve Bank will suppress any near future plans for monetary policy tightening as other central banks continue easing. Gold for December delivery closed at $1,372.60 a troy ounce which is around 1% higher on the Comex side of the New York Mercantile Exchange, since July 6, this is the highest settlement price.…
]]>
The price of gold experienced an uptick on Friday as traders assessed the effect of a rather calm Bank of Japan stimulus, the rise put gold back on track for its second monthly gain in a row as the dollar reversed.…
]]>
The price of gold experienced an uptick on Friday as traders assessed the effect of a rather calm Bank of Japan stimulus, the rise put gold back on track for its second monthly gain in a row as the dollar reversed.…
]]>
- Gold appears stalled by economic indecisiveness
- Is Gold an autonomous asset?
After a pullback in US stocks helped to support the demand for Gold, it climbed higher on Tuesday reaching its highest level in weeks. Gold has generally managed to maintain an uptrend when we look at the big picture, but lately it has also benefited from the failure of stocks.…
]]>
- Gold appears stalled by economic indecisiveness
- Is Gold an autonomous asset?
After a pullback in US stocks helped to support the demand for Gold, it climbed higher on Tuesday reaching its highest level in weeks. Gold has generally managed to maintain an uptrend when we look at the big picture, but lately it has also benefited from the failure of stocks.…
]]>
The USD continues to make reach new highs as it broke a new resistance level today. The dollar has been winning against major currencies with big moves of strength observed against the Great British Pounds, Australian and New Zealand Dollars.
The US dollar has maintained a fairly consistent range since the EU referendum, which shows in the recent upward sloping of the US dollars chart.…
]]>
The USD continues to make reach new highs as it broke a new resistance level today. The dollar has been winning against major currencies with big moves of strength observed against the Great British Pounds, Australian and New Zealand Dollars.
The US dollar has maintained a fairly consistent range since the EU referendum, which shows in the recent upward sloping of the US dollars chart.…
]]>