Source link The rally has been attributed to rising tensions in the Middle East that have spurred safe-haven demand The price of gold reached an all-time high on Friday, soaring above $2,400 per ounce as a global safe-haven rush continues. Spot gold prices rose 2.4% to a record high of $2,431.52 per ounce before pairing […]
Source link Olive oil costs across the bloc have been on the rise since mid-2023, according to Eurostat Olive oil prices have skyrocketed across the EU over the past year amid unfavorable weather conditions, which have harmed harvests. According to data from Eurostat, the bloc’s statistics office, costs spiked by 50% in annual terms in […]
Source link The price of Bitcoin broke over the $50,000 mark on Monday, for the first time in two years amid investor excitement over inflows into spot Bitcoin exchange-traded funds (ETFs) and the upcoming supply halving. The price of the world’s largest cryptocurrency has recovered since tumbling below $40,000 in the initial days following the […]
Source link Global oil markets are heading for a crash that will slash 20% off of the crude price this year, Russian businessman Oleg Deripaska predicted on Tuesday. The tycoon’s warning comes after oil prices fell by about 4% on Monday on sharp price cuts announced by top exporter Saudi Arabia for exports in February. […]
Source link Moscow’s export revenues are higher than what was expected by the West, according to new analysis The price limit imposed by the G7 and EU countries on Russian seaborne oil sales has essentially failed, Politico reported on Tuesday, citing new research. The mechanism was agreed last year and bans Western firms from providing […]
Source link Bullion has been on the rise amid geopolitical tensions, recession risks and possible interest rate cuts The price of gold touched an all-time peak on Monday, soaring past $2,100 per ounce as the global safe-haven rush continues. Spot gold prices rose to record high of $2,110 per ounce before giving up some gains […]
Source link Gold prices hit their highest level since May on Monday, hovering above $2,000 per ounce, thanks to a weaker US dollar and speculation that the Federal Reserve’s interest rate hike cycle is over. Spot gold was up 0.6% at $2,012.92 per ounce by 10:19am GMT after hitting its highest level since May 16 […]
Source link Berlin froze major spending commitments after the national off-budget fund was declared unconstitutional Limits on electricity and gas prices will not be extended until March 2024 as previously planned, but will expire at the end of this year, Deutschlandfunk radio station has cited Finance Minister Christian Lindner as saying in an interview to […]
Source link Investors are increasingly seeking a safe store of value amid economic uncertainty, according to Fundstrat Gold prices could soon reach a record $2,500 per ounce, driven by safe-haven investor demand in the wake of global uncertainty and geopolitical tensions, some analysts are now projecting. Futures have risen 3% in the past couple of […]
Source link The price cap on Russian oil introduced by the G7 and EU is being completely ignored, as almost no seaborne crude cargos have been traded below the $60-a-barrel limit, the Financial Times reported on Tuesday, citing Western officials and Russian export data. The mechanism, which was put in place to reduce Moscow’s export […]