Category: Gold and Commodities

Are Gold Coins Pure Gold?

October 17, 2022
Business & MarketsGold and Commoditiesgold coinInvestmentMarketsSpecial EditionsSponsored Content
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Gold is as fundamental to our modern culture as it was to civilizations 2,000 years ago. As nations worldwide continue to produce gold bullion coins, many investors seek to buy as many as possible. Though these items are sometimes worth thousands of dollars, are gold coins pure gold? History of the Gold Coin Gold is a precious…

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Oil Steady as Recession Fears Counter Positive Chinese Signals

October 17, 2022
Business & Marketseconomic policieseconomyenergyglobalGold and CommoditiesinflationMarketsOilrecessionstocks
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LONDON—Oil prices were steady on Monday as China’s continuation of loose monetary policy was offset by fears that high inflation and energy costs could drag the global economy into recession. Brent crude futures rose 17 cents, or 0.2 percent, to $91.80 a barrel by 0915 GMT, recovering from a 6.4 percent fall last week. U.S….

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Global Shares Mostly Higher as Markets Eye China Meeting

October 17, 2022
Business & Marketseconomic policieseconomyenergyglobalGold and CommoditiesinflationMarketsrecessionstocks
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TOKYO—Global shares were mostly higher Monday as investors kept their eyes on a weeklong Communist Party congress in China. France’s CAC 40 added 0.5 percent in early trading to 5,961.27. Germany’s DAX gained 0.5 percent to 12,498.72. Britain’s FTSE 100 rose 0.5 percent to 6,894.84. The future for the Dow industrials was up 0.7 percent,…

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‘No Waiting’: Turkey, Russia to Act on Putin’s Gas Hub Offer

October 15, 2022
Business & Marketseconomic policiesenergyErdoganEuropeGasGold and CommoditiesMarketsPutinRussiaTurkeyWorld
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ANKARA, Turkey—Turkish President Recep Tayyip Erdogan said Friday that Turkey and Russia have instructed their respective energy authorities to immediately begin technical work on a Russian proposal that would turn Turkey into a gas hub for Europe. Russian President Vladimir Putin has floated the idea of exporting more gas through the TurkStream gas pipeline running…

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Closing Prices for Crude Oil, Gold and Other Commodities (Oct. 14)

October 14, 2022
Benchmark U.S. crudeBrightBusiness & MarketsgoldGold and CommoditiesinvestingMarketspersonal finance
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Benchmark U.S. crude oil for November delivery fell $3.50 to $85.61 a barrel Friday. Brent crude for December delivery fell $2.94 to $91.63 a barrel. Wholesale gasoline for November delivery fell 7 cents to $2.63 a gallon. November heating oil fell 11 cents to $3.98 a gallon. November natural gas fell 29 cents to $6.45…

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Russia Needs Permission for Its Ships to Probe Nord Stream Ruptures: Novak

October 14, 2022
Business & MarketsCompaniescrisisenergyEuropeGold and CommoditiesinvestigationsMarketsNordstreamNovakRupturesRussiaRussia-Ukraine WarUkraineWorld
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MOSCOW—Russia needs permission for its vessels to conduct investigations into explosions that damaged Nord Stream pipelines in the Baltic Sea, Deputy Prime Minister Alexander Novak said on Friday. He did not specify who should grant the permission but Nord Stream AG, the operator of the older Nord Stream 1 pipeline, said last week that the…

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Oil Prices Dip on Recession Worries, but Supply Cuts Support

October 14, 2022
Business & Marketseconomic policieseconomyenergyglobalGold and CommoditiesinflationMarketsOilrecessionstocks
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LONDON—Oil prices dipped in a choppy trading session on Friday as global recession fears and weak oil demand, especially in China, outweighed support from a large cut to the OPEC+ supply target. Brent crude futures were down 76 cents, or 0.8 percent, at $93.81 a barrel at 1044 GMT while U.S. West Texas Intermediate (WTI)…

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World Stocks Bounce, Fiscal Hopes Boost UK Bonds

October 14, 2022
Business & Marketseconomic policieseconomyenergyglobalGold and CommoditiesinflationMarketsrecessionstocks
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LONDON/SYDNEY—World stocks rose on Friday, recovering from the previous session’s 2–1/2 year lows on an overnight rally in U.S. stocks, while British government bonds rose on speculation of a U-turn on the country’s fiscal plans. Much-anticipated U.S. data on Thursday showed core inflation—which excludes food and fuel prices— came in above forecasts at 6.6 percent,…

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Congressman Urges Probe of Claims Biden Admin Officials Asked Saudi Arabia to Delay Oil Cuts

October 14, 2022
Business & MarketsenergyExecutive BranchGold and CommoditiesInternationalJoe BidenMarketsMiddle EastOilOPECPoliticsRepublicansSaudi ArabiaUSUS NewsWhite HouseWorld
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Rep. Tom Tiffany (R-Wis.) on Thursday urged House Speaker Nancy Pelosi (D-Calif.) to formally investigate whether Biden administration officials suggested Saudi Arabia delay the decision of a group of key oil-producing countries to cut oil output until after the midterms. Tiffany wrote to Pelosi asking for the Congressional probe after Saudi Arabia’s Foreign Minister Prince Faisal bin Farhan…

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Cost of Candy Soars by Record 13.1 Percent Before Halloween

October 14, 2022
Business & MarketscandychocolateCompaniesconsumer price indexeconomyGold and CommoditiesHalloweeninflationMarketspersonal financerecessionUS
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Candy prices in the United States are soaring right before Halloween due to rising inflation. American consumers are expected to spend a record $10.14 billion on Halloween this year, up from $8.05 billion in 2021, according to the National Retail Federation. Trick-or-treating and Halloween parties are making a comeback after the pandemic curtailed such festivities….

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