U.S. Treasury Secretary Janet Yellen said that the task of limiting prices for oil from Russia can include petroleum products, which will cause additional difficulties.
23 January 2023
Other news
Categories
U.S. Treasury Secretary supports the implementation of restrictions on Russian oil products
Gold rises amid fears of imminent US recession
On Monday, gold was stabilized ahead of new data release in the U.S. This updated info will gauge whether the world's largest economy could face a potential recession in 2023.
23 January 2023
ECB seeks at least two more rate hikes of half a point
As it was recently stated by Klaas Knot, Governing Council member of the European Central Bank, the ECB should continue raising the interest rate.
23 January 2023
Gold will slow before the Fed meeting, but then it will reach the $2,000 level
The precious metal growth has reached more than 5% since the beginning of the year. However, according to industry experts, some consolidation is possible before the Fed meeting in February.
23 January 2023
JPMorgan model shows that the probability of a recession fall sharply
Last week fears of a recession began to rise in the markets. However, JPMorgan Chase & Co. data shows that the probability of an economic downturn has become lower.
23 January 2023
Investors should consider looking at precious metals, head of AllStarCharts.com believes
JC Parets, founder and CEO of AllStarCharts.com, has changed his view on gold. In the past, he was indifferent to this asset, but recently he has taken a bullish stance on the yellow metal.
23 January 2023
Oil falls in price at the beginning of week, traders assess prospects of China
After two weeks of growth, the cost of WTI oil fell to $81 per barrel. As a result, the prices came close to high since mid-November.
23 January 2023
ANZ Bank: Silver has a positive outlook for 2023 as a cheaper alternative to gold
Australia’s ANZ Bank gives silver a positive outlook for 2023. The bank's analysts believe that silver might be a cheaper alternative to gold.
23 January 2023
Slower interest rate hikes are pushing gold and silver higher
The first Federal Open Market Committee (FOMC) meeting in 2023 is set to conclude on February 1. Analysts predict that the regulator is likely to slow the pace of interest rate hikes. Thus, the rate could rise by 25 basis points.
23 January 2023
According to EIA, crude inventories in U.S. increased by 8.4 million barrels
The Energy Information Administration (EIA) reported that the crude inventories in the U.S. exceeded 8 billion barrels.
20 January 2023
