Gold prices are higher today after the FOMC minutes. Safe-haven demand was featured in the yellow metal today as the U.S. stock market sold off and fall of US treasury yields. A selloff in the global equity markets provided a strong lift to traditional safe-haven assets and assisted the precious metal. The renewed weakness in [...]
Cryptocurrency has become a global phenomenom in recent years, although much is still to be learned about this evolving technology. Cryptocurrencies have indeed proven resilient. Investor interest, both retail and institutional, in digital currencies has risen dramatically in recent months. Many early investors who were eager to make gains from the "cryptocurrency craze" have since [...]
The re-opening of UK continues with people now allowed to be inside pubs and restaurants from Monday along with indoor socializing and a limited range of foreign travel. This should led a helping hand to re-boot the service sector, an area that has been hit hard by coronavirus lockdowns, with people now able to spend [...]
The Canadian dollar is strong against greenback due to the upbeat Canadian economic data and greenback decline. A mixture of rising oil prices and rising Canadian wholesale sales for March has provided a boost for the Canadian Dollar. Loonie seems to be strong this week after Canada’s wholesale transactions beat forecasts and rose by 2.8% [...]
