Tag: banks
Gold 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 in many major economies. Gold Prices Today The price of gold futures contracts -December delivery- […]
Gold prices fell, during trading today, Tuesday, June 21, 2022, with the increase in US bond yields. This comes in light of investors’ anticipation of the position of major central banks to raise interest rates to get a clearer view of bullion. Gold Prices Today The price of gold futures contracts – August delivery – […]
The US dollar strengthens early Monday; retail sales and the FOMC’s focus of the week on Wednesday The US dollar rose against its major trading partners early Monday, as markets prepared for a busy week that included the release of May retail sales Wednesday morning and the Federal Open Market Committee announcement Wednesday afternoon. The […]
The US dollar rose across the board on Tuesday as Treasury yields rose and investors’ risk appetite was dampened by concerns about a further acceleration in global inflation. The dollar was bolstered by demand for safe havens. Stocks in the United States fell on Tuesday as investors were alarmed by rising oil prices and hawkish […]
Romania’s central bank raises the key interest rate to 3%, predicting higher inflation. On Tuesday, Romania’s central bank raised its benchmark interest rate by half a percentage point to 3%, predicting that inflation would rise faster than expected due to the conflict in Ukraine, which is putting pressure on food and fuel prices. Inflation is […]
On Wednesday, Romania’s central bank raised its key interest rate by more than expected, predicting that inflation will hit double digits in the second quarter, fueled by rising energy prices, and will remain above goal for longer. The bank increased its key rate by 50 basis points to 2.50 % , keeping it at the […]
