Category: Gold and Commodities

How to Store Coins Safely: A Complete Guide

October 4, 2022
Business & MarketscoinsGold and CommoditiesInvestmentMarketsSponsored Contentstorage
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For most numismatists, their coin collection is a source of pride and joy. Even if you’re not a hobbyist, investing in rare coins can be an exciting (and lucrative) venture. Yet, surprisingly, many people don’t know how to store coins properly, despite the significant risks that improper storage and handling pose to their investment. General…

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Sweden Sends Diving Vessel to Probe Leaking Nord Stream Pipelines

October 4, 2022
Business & MarketscrisisenergyEuropeGold and CommoditiesMarketsNordstreampipelinesRussiaRussia-Ukraine WarSwedenUkraineWorld
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STOCKHOLM/OSLO—Sweden sent a diving vessel on Monday to the site of Russian gas pipelines in the Baltic Sea that ruptured last week following blasts in the area, to probe an incident that has added new tension to Europe’s energy crisis. Europe is investigating what caused three pipelines in the Nord Stream network to burst in…

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Oil Prices Rise Ahead of OPEC+ Meeting on Strong Demand

October 4, 2022
Business & Marketseconomic policieseconomyenergyglobalGold and CommoditiesMarketsOilstocks
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LONDON—Oil prices rose on Tuesday on strong demand, while upcoming sanctions on Russian oil also lent some support to prices. Brent crude was up 79 cents, or 0.9 percent, to $89.65 per barrel by 1054 GMT after gaining more than 4 percent the previous day. U.S. crude futures rose 60 cents, or 0.7 percent, to…

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Stocks and the Pound Rally After UK’s Tax U-turn Injects Some Confidence

October 4, 2022
Business & Marketseconomic policieseconomyenergyglobalGold and CommoditiesinflationMarketsrecessionstocks
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LONDON—Global stocks rallied for a second day on Tuesday, after Britain’s decision to ditch part of a controversial tax-cut plan and slightly paler expectations for aggressive central bank action returned some confidence to investors. UK Finance Minister Kwasi Kwarteng on Monday announced the government would back down on reversing a tax break for top earners…

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Closing Prices for Crude Oil, Gold and Other Commodities (Oct. 3)

October 3, 2022
Benchmark U.S. crudeBrightBusiness & MarketsgoldGold and CommoditiesinvestingMarketspersonal finance
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Benchmark U.S. crude oil for November delivery rose $4.14 to $83.63 a barrel Monday. Brent crude for December delivery rose $3.72 to $88.86 a barrel. Wholesale gasoline for November delivery rose 14 cents to $2.51 a gallon. November heating oil rose 15 cents to $3.37 a gallon. November natural gas fell 30 cents to $6.47…

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Global Gas Markets to Remain Tight Next Year Amid Supply Squeeze: IEA

October 3, 2022
Business & MarketsenergyGasglobalGold and CommoditiesIEAInternationalMarketssupplyWorld
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LONDON—Global gas markets are expected to remain tight next year as Russian pipeline gas supplies dwindle and gas demand falls in Europe in response to energy saving measures and high prices, the International Energy Agency (IEA) said on Monday. Natural gas markets worldwide have been tightening since 2021 and global gas consumption is expected to…

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Russian Deputy PM Says Restoration of Nord Stream Possible: TASS

October 3, 2022
Business & MarketscrisiseconomyenergyEuropeGold and CommoditiesMarketsNordstreamNovakRussiaRussia-Ukraine WarUkraineWorld
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MOSCOW—Russian Deputy Prime Minister Alexander Novak said on Sunday that it was technically possible to restore the ruptured offshore infrastructure of the Nord Stream gas pipelines, TASS news agency reported. A total of four leaks were discovered last week on the Nord Stream 1 and 2 pipelines in the Baltic Sea near Denmark and Sweden,…

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Oil Jumps More Than $3 on Supply Concerns

October 3, 2022
Business & Marketseconomic policieseconomyenergyglobalGold and CommoditiesinflationMarketsOilrecessionstocks
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LONDON—Oil prices jumped by more than $3  on supply concerns on Monday. Brent crude futures rebounded $3.37, or 4 percent, to $88.51 a barrel by 1100 GMT. U.S. West Texas Intermediate crude was up 4.1 percent, or $3.29, at $82.78. Oil prices have tumbled for four straight months since June, as COVID-19 lockdowns in top energy…

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World Shares Mostly Lower as Recession Fears Deepen

October 3, 2022
Business & Marketseconomic policieseconomyenergyglobalGold and CommoditiesinflationMarketsrecessionstocks
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BANGKOK—Shares dropped in Europe and Asia on Monday while oil prices surged more than $3 a barrel amid dire warnings over energy shortages in Europe if Russia cuts off gas supplies. Germany’s DAX fell 1 percent to 11,998.26 while the CAC 40 in Paris shed 1.2 percent to 5,690.88. Britain’s FTSE 100 lost 0.8 percent…

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Putin Blames West of Blowing Up Pipelines as Europe Steps Up Vigilance

October 1, 2022
Business & MarketscrisisenergyEuropeGold and CommoditiesMarketsNordstreamRussiaRussia-Ukraine WarsabotageUkraineWorld
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TBILISI/LONDON—Russian President Vladimir Putin on Friday blamed the United States and its allies for blowing up the undersea Nord Stream pipelines, raising the temperature in a crisis that has left Europe racing to secure its energy infrastructure and supplies. “The sanctions were not enough for the Anglo-Saxons: they moved onto sabotage,” Putin said. “It is…

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