News

09 Dec 2024

..Gold gains new profits for these reasons

Global gold prices rose during the current trading session on Monday, as investors await U.S. inflation data this week for clues on the Federal Reserve's next move. IG Markets strategic analyst, Yip Jun Rong, stated that the resumption of gold purchases by the People's Bank of China (PBOC) in November is "positive news for gold bulls," as it provides additional support for prices. It is noted that the resumption of purchases could boost demand from Chinese investors, which had been weak since the central bank stopped buying gold in May after an 18-month continuous buying streak

Latest News

#News 25 Jul 2025
European Central Bank: Eurozone companies under pressure from Chinese competition

A survey conducted by the European Central Bank revealed that eurozone companies are facing a growin...

Read More
#News 25 Jul 2025
Euro slips from two-week high after ECB meeting

The euro fell against a basket of global currencies at the European market opening on Friday, extend...

Read More
#News 25 Jul 2025
Cryptocurrencies decline, Bitcoin falls by more than 3%

Cryptocurrencies fell during Friday trading amid anticipation of the US trade negotiations with its...

Read More
#News 25 Jul 2025
UK retail sales rise as weather boosts consumer spending

UK retail sales rose by 0.9% month-on-month in June, following a sharp 2.8% decline in May, with sup...

Read More
arrow
واتس آب