Tag: Markets

Troy Ounce Versus Ounce: What’s the Difference?

January 9, 2023
Business & MarketsgoldGold and CommoditiesMarketsSponsored Content
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Precious metals like gold and silver are excellent investments. Unlike most financial assets, they offer protection against inflation and don’t pose a risk to your credit. But what good is such an investment if you don’t know how to calculate its value? You might have difficulty determining how traders measure gold if you’ve recently started…

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Wall Street Opens Higher, Adding to Gains Made Last Week

January 9, 2023
Business & MarketsCompanieseconomic policieseconomyinflationMarketsrecessionstocksUS
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NEW YORK—Stocks are opening higher on Wall Street, extending gains from last week when the market posted its first weekly gain in five weeks. Energy stocks were among the biggest winners as crude oil prices rose about 3 percent. Technology stocks were also higher. Macy’s sank after tempering its sales forecast for its current quarter…

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Dollar Hovers Near 7-Month Lows After Jobs Data

January 9, 2023
Business & Marketseconomic policieseconomyForexglobalinflationMarketsrecessionstocks
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LONDON—The U.S. dollar on Monday neared its lowest point in seven months against other major currencies after data suggested the Federal Reserve could slow the pace of its rate hikes, while China reopening its borders boosted riskier currencies. China’s offshore yuan neared its highest in five months against the U.S. dollar, while the Australian and…

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Oil Jumps 3 Percent on Demand Optimism as China Borders Reopen

January 9, 2023
Business & Marketseconomic policieseconomyenergyglobalGold and CommoditiesinflationMarketsOilrecessionstocks
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LONDON—Oil extended gains on Monday, rising about 3 percent after China’s move to reopen its borders boosted the outlook for fuel demand and overshadowed global recession concerns. The rally was part of a wider boost for risk sentiment supported by both the reopening of the world’s biggest crude importer and hopes for less-aggressive increases to…

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World Shares Up, Extending Wall Street Gains as US Wages Slow

January 9, 2023
Business & MarketsCompanieseconomic policieseconomyenergyglobalGold and CommoditiesinflationMarketsrecessionstocks
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BANGKOK—World shares were mostly higher Monday following last week’s rally on Wall Street, where investors bet that slow U.S. wage gains may augur a cooling of the inflation that has led the Federal Reserve to hike interest rates. In Europe, Germany’s DAX gained 0.3 percent to 14,647.16 and the CAC 40 in Paris edged less…

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China Bulks Up Gold Reserves, Reduces US Treasury Bond Holdings

January 8, 2023
Business & MarketsChinaChina Business & EconomyChinese RegimeGold and Commoditiesgold reservesMarketsTreasury Bonds
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China added 1.03 million ounces (32 tons) of gold to its reserves in November 2022, according to an official statement by China’s State Administration of Foreign Exchange (SAFE) on Dec. 7.  Meanwhile, its holdings of U.S. treasury bonds fell to a 12-year low. Analysts speculate that while China augments its gold reserves to hedge against risk,…

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Is the Fed Trying to Wean Markets Off Monetary Policy?

January 7, 2023
Business & MarketsBusiness Columnistseconomic policieseconomyFedinflationMarketsMonetaryOpinionPolicyrecessionUSUS NewsViewpoints
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Commentary Is the Fed trying to wean the markets off monetary policy? Such was an interesting premise from former British diplomat Alastair Crooke via the Strategic Culture Foundation, to wit: “The Fed however, may be attempting to implement a contrarian, controlled demolition of the U.S. bubble-economy through interest rate increases. The rate rises will not slay…

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Germany, Norway Reach Agreement on Blue Hydrogen Supplies

January 7, 2023
blue hydrogenBusiness & Marketseconomic policieseconomyenergyenergy suppliesEuropeGermanyInvestmentMarketsNorwayrecessionRussia-Ukraine WarWorld
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A major Norwegian energy company has reached an agreement to supply Europe’s largest economy with “blue” hydrogen. Norway’s Equinor announced an agreement on Jan. 5 to supply the German power utility, RWE, with low-carbon hydrogen, in the first step towards replacing natural gas and coal, reported Deutsche Welle. The Norwegian supplier agreed to build hydrogen fueled power…

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Coinbase Agrees to $100 Million Settlement With New York Regulators

January 7, 2023
Business & MarketscoinbaseCompaniesCrime and Incidentscryptocurrencyfinancial regulatorJudiciaryLocal NewsMarketsMedia & Big TechNew YorkRegional-Local Newssettlement dealUS
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Coinbase has agreed to pay a $100 million settlement with New York state’s financial regulators. The crypto industry was hit with a wave of bad news in 2022, with the collapse of crypto exchange giant FTX, hedge fund Three Arrows Capital, along with the failure of several key lenders. The DFS accused Coinbase on Jan….

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Closing Prices for Crude Oil, Gold and Other Commodities (Jan. 6)

January 6, 2023
Benchmark U.S. crude oilBrightBusiness & MarketsgoldGold and CommoditiesinvestingMarketspersonal finance
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Benchmark U.S. crude oil for February delivery rose 10 cents to $73.77 a barrel Friday. Brent crude for March delivery fell 12 cents to $78.57 a barrel. Wholesale gasoline for February delivery fell 3 cents to $2.24 a gallon. February heating oil rose 3 cents to $3 a gallon. February natural gas fell 1 cent…

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