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23 January
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Investors sold off gold-focused funds at a record high in 2022
Nick Barisheff, CEO of BMG Group, said in a recent interview that 2022 has been the worst year ever for liquidating gold-focused mutual funds. According to Investing News, even though BMG Group's precious metals investment funds are performing better than others, investors are pulling out.
23 December 2022
Winter storm in US may disrupt LNG Exports
An Arctic blast surging across the US may complicate exports of liquefied natural gas (LNG) from the Gulf Coast, exacerbating turmoil in the energy system.
23 December 2022
There are good prospects for precious metals in 2023
The Morgan Report publisher David Morgan gave his forecasts for the upcoming year. As stated by the financial expert, he doesn’t consider investing in stocks or bonds in 2023.
23 December 2022
Texas power use is to break winter record
Texas is projected to need a record amount of electricity, which is unusual for this period, as temperatures descend to extremely low degrees for the state.
23 December 2022
Natural gas prices in Europe continue to fall amid moderate weather and abundant inventories
Natural gas prices in Europe keep sliding for the fifth day in a row. This is due to favorable temperature forecasts, along with sufficient fuel reserves in the region.
23 December 2022
Warm Christmas and New Year's Eve will ease the load on Europe's power system
Most of Europe is expected to experience warm weather during the holidays. This will reduce the load on the region's power systems.
23 December 2022
Gold trades slightly below $1,800 ahead of U.S. macro statistics
Gold trades around $1,795 per ounce. Traders intend to defend the first daily gains during sluggish trading on Friday. Gold-price fluctuations are primarily caused by expectations of the U.S. macro statistics.
23 December 2022
Soaring number of COVID cases in China decreases the population’s activity
A sharp increase in the COVID incidence in China made people leave their houses less often. This provoked a slump in the tourist industry and a decrease in economic activity because of the diminution in fuel demand.
23 December 2022
Vehicle travel in U.S. approaches levels of 2019
As it was stated by the U.S. Transportation Department, in October, there was an increase of road travel by 0.1% to the number of 285.9 billion miles.
23 December 2022
Natural gas falls amid disappointing heating demand data
Chilling temperatures are rising in the United States. However, this is not fast enough for the bulls on the fossil fuel market, since they suffered a decline in fuel prices yesterday.
23 December 2022
