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Gold prices are falling and heading for weekly losses

  • 15 July, 2022
  • 4:21 pm EEST

Gold prices declined during trading today, Friday, July 15, 2022, to continue their path of the fifth consecutive weekly decline. The continued rise in the dollar and fears of higher US interest rates affected the demand for the yellow metal.…

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Oil prices rise 1%, and Brent crude is above $101

  • 15 July, 2022
  • 3:19 pm EEST

Oil prices rise 1%, and Brent crude is above $101 Oil prices rose by more than 1%, during trading today, Friday, July 15, 2022, after US statements that an immediate increase in Saudi oil production is not expected, following US…

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The gas crisis may push Germany to use wood to heat homes in the winter

  • 14 July, 2022
  • 4:28 pm EEST

Deutsche Bank (Germany's bank) warned that the aggravation of the gas crisis in Germany may prompt citizens to return to using wood for heating to face the severe cold during the coming winter. According to analysts' warnings, some homes will…

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Consumer inflation in the United States has reached its highest annual rate since 1981.

  • 13 July, 2022
  • 5:57 pm EEST

Consumer inflation in the United States has reached its highest annual rate since 1981. Consumer prices in the United States rose 9.1 % in June, the largest annual increase in more than four decades, as gasoline, food, and rent remained…

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Gold prices rise marginally ahead of US inflation data

  • 13 July, 2022
  • 2:52 pm EEST

Gold prices rose marginally during trading today, Wednesday, July 13, 2022, and hovered near their lowest level in 9 months. This comes at a time when investors are awaiting the monthly US inflation data; Looking for clues on the way…

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