Although Europe's decision to ban Russian coal will affect a major source of Moscow's revenue, it risks soaring electricity prices on the old continent, amid tight global supplies. The European Union on Friday formally adopted the fifth package of sanctions…
Continue ReadingGold prices rose in trading on Monday, with anticipation of the situation in Eastern Europe, amid expectations of imposing more sanctions on Russia, which supported the precious metal, which is considered a safe haven against geopolitical tensions. Gold prices started…
Continue ReadingEuropean Forex news roundup: Dollar weakens, pound rises alongside BOE The market had some mixed tones in the session as we continue to digest the post-Fed sentiment, while Russia-Ukraine talks are also ongoing. The dollar has yet to really take…
Continue ReadingGold prices are down $24, the biggest drop in a week Gold prices fell more than $24 in trading on Tuesday, the largest drop in a week, supported by a rise in US Treasury yields. The decline comes as investors…
Continue ReadingOil prices raised their gains by more than 4% in Tuesday's trading, with Brent crude rising above $129, amid fears of official sanctions on Russian oil and fuel exports, raising concerns about the availability of supplies. On Monday, oil prices…
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