No change of the indicator value may reduce the volatility of the related markets.
No change of the indicator value may reduce the volatility of the related markets.
The value of overnight yen loans has fallen to its lowest level in more than six years. Such a decline is seen because of the restriction on profitable arbitrage trades by Japanese lenders.
According to Carley Garner, co-founder of DeCarley Trading, if the U.S. Fed stays hawkish on interest rates, it could disappoint markets and provide a number of opportunities to buy precious metals.
The head of the International Energy Agency said Tuesday that OPEC+ must consider the very fragile state of the world economy when considering larger supply cuts at an upcoming meeting.
As TD Securities economists predict, during the next months the price of gold will fall to $1,600 and below. Nevertheless, in the second half of next year, the metal will surpass the $1800 mark.
According to new data, headline growth of Canadian economy in the third quarter turned out to be stronger than expected.
According to strategists of TD Securities, silver prices will continue to decline in the near future. The precious metal will gradually begin to recover at the end of 2023, and by the end of 2024 its price might even rise to $23 or more.
The Australian market of securities obtained support due to the September pension shocks in the UK.
Mongolia’s meteorological bureau reported that temperatures in the country have plunged to minus 47 degrees Celsius. Deteriorating weather conditions are caused by a cold front coming from China. Climate changes have spurred demand for fuel that is used to heat houses.
Mark Cabana, an expert at BofA, says the US economy will enter recession around mid-2023 and the rate cuts will begin in December 2023.
Reuters reports that OPEC+'s decision to set a meeting on Dec. 4 may indicate no changes to the organization's policy in the coming days.