Tag: China

China’s Yearly Inflation Slightly Eased in August
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China’s Yearly Inflation Slightly Eased in August

China’s yearly inflation slightly eased to 2.5% yearly in August, official data showed on Friday. That figure dropped from the highest in two-year July at 2.7% and was under the market estimate of 2.8%. Food prices increased by 6.1%, slowing down an increase of 6.3% in July, which was the highest pace in 22 months. […]

Chinese Foreign Exchange Reserves fall to almost 4-years-low
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Chinese Foreign Exchange Reserves fall to almost 4-years-low

Chinese Foreign Exchange Reserves fall to almost 4-years-low Chinese foreign exchange reserves have decreased for the second month in a row to the lowest since October 2018 when the price of global financial assets fell, according to the government. The data released by the People’s Bank of China showed that foreign exchange reserves decreased to […]

Gold sees some relief
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GOLD SEES SOME RELIEF AS DOLLAR RESISTS 20-YEAR HIGH

Gold sees some relief as Dollar resists 20-year High The price of gold recovered a little on Tuesday, taking some relief because the dollar showed resistance and dropped from the top of 20 years, although the Hawkish signal from the Federal Reserve still burdened the market. Gold at the point increased by $ 1,738.55 per […]

GOLD DECREASED BY FED UNCERTAINTY
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Dropdown in Gold Prices Witnessed

FED uncertainty leads to dropdown in gold prices! Gold prices further fell on Monday as uncertainty persisted on the monetary adjustment path of the Federal Reserve, while copper prices fell on more manufacturing problems in China- a crucial importer. The price of gold spots dropped 0.1% to $ 1,745.46 per ounce, while Gold futures dropped […]

China, US tensions over Taiwan escalate
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China, US tensions over Taiwan escalate

China, US tensions over Taiwan escalate As global tensions over Chinese military drills around Taiwan continue to spike, the relations between world’s superpowers United States and China worsen further. In the latest, China has decided to end cooperation with the United States on several important issues. China’s discontent over US Nancy Pelosi’s Taiwan visit triggered […]