Latest News
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Apr 1 /25: Oil Prices Pull Back Off Five-Week High
The price of crude moved to the downside during trading on Tuesday, giving back ground after surging to its highest closing level over a month on Monday. After spiking $2.12 or 3.1 percent to $71.48…
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Apr 1/25: Gold Shows Modest Move To The Downside After Recent Spike
After moving sharply higher over the past few sessions, the price of gold showed a modest move back to the downside during trading on Tuesday. Gold for April delivery edged down $3.90 or 0.1 percent…
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Eurozone Inflation Slows To 2.2% Boosting ECB Rate Cut Speculation
Euro area inflation eased in March largely due to a slowdown in the services costs growth and strengthened the calls for further interest rate cuts from the European Central Bank. The harmonized index of consumer…
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U.S. Manufacturing Activity Contracts In March After Two Months Of Growth
Activity in the U.S. manufacturing sector contracted in March after two consecutive months of expansion, according to a report released by the Institute for Supply Management on Tuesday. The ISM said its manufacturing PMI dipped…
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U.S. Job Openings Fall More Than Expected In February
Job opening in the U.S. fell by more than expected in the month of February, the Labor Department revealed in a report released on Tuesday. The Labor Department said job openings dipped to 7.568 million…
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OPEC+ members likely to stick to planned output hikes at Thursday meeting, sources say
OPEC+ ministers from eight nations that are gradually raising oil output will meet online on Thursday and are likely to approve a further hike in production from May, sources from the producer group told Reuters.…
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Apr. 1: Canadian factory PMI hits 15-month low on widening global trade war
Canadian manufacturing activity contracted at a steeper rate in March as a widening global trade war triggered the sharpest decline in new orders since shortly after the start of the COVID-19 crisis. The S&P Global…
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Gold maintains record rally as tariff fears spur demand
Gold prices rose to touch a new record high on Tuesday, as investors turned to the safe-haven asset ahead of U.S. President Donald Trump’s planned announcement of sweeping tariffs on countries that have a trade…
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Mar 31: Oil steadies near $75 as market weighs tariffs, sanctions
Oil prices steadied near five-week highs on Tuesday as threats by U.S. President Donald Trump to impose secondary tariffs on Russian crude and attack Iran countered worries about the impact of a trade war on…