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👤Nurudeen Amedu
🕔August 27, 2016
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.…
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👤Nurudeen Amedu
🕔August 25, 2016
A 0.2% rise in the US housing price index has been reported by the US Federal Housing Finance Agency for June after a 0.2% gain for May, the report was marginally lower than analysts’ expectations of 0.3%.…
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👤Arthur Greene
🕔August 24, 2016
Crude oil prices today extended its losses after a very shocking rise in US crude stocks that raised worries concerning the supply glut that has had prices pinned down for the last 2 years. A 2.5 million barrels rise in crude stockpiles to a total of about 523 million barrels was reported in the week through August 19 as the report showed a slump in refinery inputs and gasoline production weakened.…
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👤Arthur Greene
🕔August 22, 2016
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.…
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Gold Prices Wither on Fed Comments
👤Arthur Greene 🕔August 22, 2016Gold 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.…
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