Gold trades higher amid upbeat market mood, good to buy on dips
Oct 09, 2020 04:49 am UTC| Technicals Investing
Ichimoku Analysis (4-hour Chart) Kijun-Sen- $1889 Tenken-Sen-$1897 Gold has once surged past $1900 on the weak US dollar. The upbeat market sentiment due to hopes of a fresh US stimulus package, corona vaccine...
Is high-street banking coming to an end?
Oct 05, 2020 14:13 pm UTC| Investing Business
TSB Bank, a major UK operator owned by Spanish banking group Banco de Sabadell, is closing one-third of its branches. This means that 164 out of 475 sites will close, with a loss of 960 jobs in addition to the 82 branches...
Gold steadies near 1-week peak on weaker greenback, investors eye ECB policy meet
Sep 10, 2020 07:46 am UTC| Commentary Investing
Gold prices held firm near a 1-week peak hit in the prior session as the dollar weakened, while markets awaited the European Central Banks monetary policy decision due later in the day. Spot gold was trading 0.05...
Ant Group: why America is missing out on the biggest IPO in history
Sep 02, 2020 13:21 pm UTC| Investing
The US capital markets are being shunned by the largest initial public offering in history. This is an indirect result of the recent China-baiting by US politicians, led by Donald Trump. Ant Groups US$200 billion (168...
Gold eases on profit-taking ahead of Fed Chair Powell's speech
Aug 27, 2020 06:51 am UTC| Investing
Gold prices declined, following a sharp rise in the previous session, as investors squared positions ahead of a much-awaited speech from U.S. Federal Reserve Chairman Jerome Powell. Spot gold was trading 0.8 percent...
Australia's Fortescue Metals Group eyes Afghan mineral wealth
Aug 23, 2020 03:52 am UTC| Business Investing
Australian billionaire Andrew Forrest, head of Fortescue Metals Group, is looking to invest in Afghanistans mining sector worth an estimated $1 trillion. Forrest and President Ashraf Ghani had discussed the potential...
The S&P 500 nears its all-time high. Here's why stock markets are defying economic reality
Aug 14, 2020 15:50 pm UTC| Investing
This old and playful maxim is typically not true: often the stock market is a good proxy for the economy and a very good indication of what will happen to it. But it aptly captures the current divergence between stock...
Gabon: post-coup dialogue has mapped out path to democracy – now military leaders must act
IceCube researchers detect a rare type of energetic neutrino sent from powerful astronomical objects