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Oil Prices Increase as Reopening of China helps Demand The price of oil began this week in a strong tone because the removal of COVID lockdowns in the big city of China increased optimism for the recovery of demand in the largest crude oil importer in the world. Chengdu-The Chinese megacity – which was the […]
Bank of England Delayed Rate Decisions after the Queen’s death The British Central Bank said the Monetary Policy Committee (MPC) for rate adjustment will hold the next meeting a week later which was scheduled on Thursday because the British observes the national mourning period. Read Also: All you need to know about Queen Elizabeth II […]
Gold prices dropped and reached a 1-Month low on Monday as hawkish Fed worries. On the other side copper price also fell due to the weak industrial data from China. The price of spot gold dropped 0.7% to $ 1,726.06 per ounce, while gold futures fell 0.7% to $ 1,727.50 per ounce by22:20 ET (02:20 […]
The Federal Reserve is committed to getting inflation to its 2% target, which means interest rates will continue to rise, US FED Chair Powell speaks in a conference speech on Friday. But how much more will depend on future data, he said. Since the Fed’s policymaking arm met in July, the Fed has seen some […]