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Oil prices fell for a second day on Friday after the International Energy Agency warned that demand growth for crude and its products had slowed sharply as surging COVID-19 cases worldwide forced governments to revive movement restrictions. Brent crude was down 58 cents, or 0.8%, at $70.73 a barrel by 0630 GMT, after dropping 13 ...
Naija247news is an investigative news platform that tracks news on Nigerian Economy, Business, Politics, Financial and Africa and Global Economy. Oil prices fell Friday, extending losses from the previous two sessions, and were on track for their biggest weekly drop since March after expectations of more supply put pressure on the market. Brent crude was up 28 cents, or 0.4%, at $73.77 per barrel, heading for a 3.8% fall this week. U.S. crude futures were up 39 cents, or 0.54%, at $72.01 per barrel, on track for a 5.1% decline. Saudi Arabia and the UAE reached a compromise this week, paving t...
Ever since the US Dollar went off the gold standard, it is only the good faith and credit of the Federal government with its taxing authority that stands behind it. Ethereum and Bitcoin and also Fiat currencies with no backing. And while Goldman Saches prefers Ethereum to Bitcoin (as risk-on devaluation bets), “Gold is a value buy” according to Goldman Sachs’ Jeff Currie and his Commodities Research group. But today it looks a race to the bottom for fiats. Since May, we have seen both Bitcoin and Ethereum fall from record highs as the US Dollar crawls back.
Gold in the national capital on Thursday declined ₹ 259 to ₹ 48,127 per 10 grams amid weak global trends, according to HDFC Securities. In the previous trade, the precious metal had closed at ₹ 48,386
Gold declines Rs 259; silver tanks Rs 110 Gold declines Rs 259; silver tanks Rs 110 In the previous trade, the precious metal had closed at Rs 48,386 per 10 gram. Silver also dipped Rs 110 to Rs 70,274 per kg, from Rs 70,384 per kg in the previous trade. HDFC Securities Senior Analyst (Commodities) Tapan Patel said, “Spot gold prices for 24 karat in Delhi fell by Rs 259 reflecting decline in COMEX (New York-based commodity exchange) gold prices.” In the international market, gold was trading lower at USD 1,880 per ounce and silver was flat at USD 27.65 per ounce. Gold prices traded lower...