In June, Canada's inflation rate reached 8.1 % as gasoline prices rose. The annual inflation rate in Canada accelerated to 8.1 % in June, missing forecasts but remaining at its highest level since January 1983, according to Statistics Canada data…
Continue ReadingGold prices fell, on Wednesday, as pressure from strong monetary policy concerns and rising bond yields outweighed the relief from the dollar's decline. This comes with the anticipation of central banks' moves to counter inflation, which has hit record levels…
Continue ReadingGermany intends to restart 16 power plants running on fossil fuels, mainly coal and oil, to avoid electricity shortages due to an expected Russian cut in exports to Berlin, The Kyiv Independent reported on Sunday 17 July. The newspaper pointed…
Continue ReadingOil prices rise 3% .. and Brent crude is near 104 dollars Oil prices rose nearly 3% during Monday's trading, supported by a weak dollar and tight supplies. Prices continued to gain, offsetting concerns about a recession and the possibility…
Continue ReadingGold 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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