Economic news

Gold fell on Friday in Asia but was still poised for its third consecutive weekly gain. Weakening U.S. bond yields and a greenback set for a third weekly decline helped mitigate losses for the safe-haven asset. Gold futures slumped 0.28% to $1,797.55 by 11:44 PM ET (3:44 AM GMT) but added 0.3% so far within […]

South Korea announced on Friday that it will lift all operating hour restrictions on restaurants and cafes and roll out its first vaccine passport for high-risk venues, such as gyms, saunas, and bars, as the country tried to “live with COVID-19.” The first phase will take effect on Monday and will last for a month, […]

The dollar rose on Friday morning in Asia but hovered close to its lowest rate in a month. The euro’s gains over investors’ interest rate hike expectations limited the dollar’s buildup. The U.S. Dollar Index that measures the greenback against other major currencies nudged 0.07% higher to 93.388 by 12:16 AM ET (4:16 AM GMT). The USD/JPY pair jumped […]

Glencore Plc went on record to declare that its trading profits will go beyond its target within the year as it benefits from rising prices. This year, its core profit is expected to exceed the top end of its projected guidance range of $2.2 billion to $3.2 billion, Glencore went on record to say on […]

Ethereum’s price climbed to a new all-time high (ATH) today, hitting $4,400.97 by 1:02 am UTC based on the ETH/USD price indexes on Coinbase and Coinmarketcap. ETH is priced $4,380 at present, with a surge of around 46.6% since October’s beginning. Coinmarketcap’s price index shows that the ATH before was recorded on Oct. 21, with […]

In September, new orders for U.S.-made capital goods reached a new high, while shipments also increased. The development reflected solid business expenditure on equipment. However, tight supply chains were seen to have disrupted overall economic expansion in the third quarter. Non-defense capital goods orders, excluding aircraft, climbed 0.8% to an all-time high last month. This […]

The Bank of Japan (BOJ) made no change in its monetary policy settings on Thursday. The central bank also slashed its consumer inflation forecast for the year until March 2022. During the two-day rate review that ended on Thursday, the BOJ kept its short-term interest rate target at -0.1% and its 10-year bond yields at […]

The dollar jumped on Thursday morning in Asia. Its counterparts, yen and euro, on the other hand, both declined ahead of Japan and Europe’s central bank policy decisions. The U.S. Dollar Index that measures the greenback against other major currencies tallied an increase of 0.02% to 93.817 by 12:58 AM ET (4:58 AM GMT). The USD/JPY pair shed 0.23% […]

Oil prices plunged for the second day straight after climbing to a 7-year high during the week’s start. The black liquid declined following an unexpected buildup in the United States’ crude inventory. Brent crude futures plummeted 2.23% to $82 by 12:01 AM ET (4:01 AM GMT) even as West Texas Intermediate (WTI) futures also took […]

Gold edged higher on Thursday in Asia, lifted by declining U.S. bond yields. However, a strong risk appetite in equity markets capped bullion’s gains. Gold futures climbed up 0.13% to $1,801.15 by 12:14 AM ET (4:14 AM GMT), staying afloat the $1,800 mark. The dollar, typically moving inversely to gold, crept up on Thursday, while […]