Tag: interest rate hikes

US Economy is in Confusion 
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US Economy is in Confusion 

The US economy is in confusion about where it will head. Growth seems to be faltering, housing sales are falling and economists warn about a possible recession ahead. But consumers continue to spend, companies continue to publish profits and the economy continues to add hundreds of thousands of jobs each month. Among all this, prices […]

Gold Reaches a One-Year low
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Gold Reaches a One-Year low

Due to the rise in the US dollar index and prospects of more aggressive interest rate hikes, gold reaches a one-year low on Thursday.   The price of Spot gold fell about 0.2% to $1,693.90 per ounce by 0052 GMT. While in August 2021 the price was trading at $1691.40 per ounce. The dollar stayed below […]

Goldman Sachs Oil Price Forecast
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Goldman Sachs Oil Price Forecast

Jeffrey Currie, global head of commodities research at Goldman Sachs told that Goldman Sachs oil price forecast is very high. He said the upside risk in crude oil prices and the refined product is enormously high. Currie also told the current price of crude oil is a buying opportunity as the situation of energy is […]