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Category: Industry

Gold Slightly Rises with Spotlight on US Inflation Reading

Gold traded in a narrow price range on Wednesday as investors looked forward to a key US inflation reading that could shed more light on the Federal Reserves interest rates trajectory.

Spot gold rose 0.2% to $2,367.79 per ounce. US gold futures climb…

Japan’s Wholesale Inflation Accelerates in June

Bank of Japan (BOJ) data showed the nation’s wholesale inflation accelerated again in June.

Price pressures continued to mount, as the government reduced energy subsidies intended to ease gas and electricity bills, according to Japan’s broadcaster (N…

Dollar Firms on Federal Reserve Chair Caution

The dollar was on the front foot on Wednesday, having rebounded from a three-week low, after Federal Reserve Chair Jerome Powell struck a cautious tone on how soon US interest rate cuts would come.

In the first day of his testimony to Congress overni…

European Stock Indices Close Higher

European stock indices on Wednesday closed higher, influenced by gains in retail sector stocks.

The European Stoxx 600 index closed at an increase of 0.93 percent, with almost all sectors ending in the green zone.

The French CAC 40 index also achiev…

Oil prices fall at settlement to the lowest level in a week

Baghdad, Oil prices fell by about one percent at settlement at the close of trading, Monday, recording the lowest level in a week.

Brent crude futures fell 79 cents, or 0.9 %, to reach $85.75 per barrel upon settlement.

US West Texas Intermediate cr…

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