This year the gold price is 18.38% up. Analysts are predicting further growth. At the moment of writing, it is trading $1,810.40 per ounce.
Gold is currently experiencing a new price high since 2011. This increase is fueled on grounds of possible measures to help curtail the new rising cases COVID-19.
Royal Dutch Shell stock dropped 4% today after the company announced that it is anticipating to write down assets worth up to $22 billion in the coming quarters.
The global markets remain jittery as the total COVID-19 death count crosses the half-a-million mark. The WHO has warned of the latest acceleration in global access and called for new measures to combat this pandemic through public-private partnerships.
The Abu Dhabi National Oil Company said it attracted significant capital from Global Infrastructure Partners, Brookfield Asset Management, GIC, Ontario Teachers’ Pension Plan Board, NH Investment & Securities and Snam.
As coronavirus cases all over the world began to rise again, European stocks are feeling the heat and have started to fall, with many of them being afraid of increased lockdown.
BP stock price has lost some steam after the company put out a lowered outlook on Brent crude futures for the next 30 years.
According to the Federal Reserve, the U.S. economy faces “considerable risks” over the medium term. The Fed promised to maintain a near-zero level of interest rates and keep buying bonds.
Gold enthusiasts do not believe in Bitcoin investments. However, Will Woo has shared good proof that shows why investing in BTC is a much better option.
It has become known that OPEC and allied nations agreed to prolong an oil production cut of around 10 million barrels per day through the end of July.
The price of oil showed promise in the past few weeks when it became obvious that the global lockdown would be lifted. However, now the prices are falling.
Violent protests have taken place for six straight days in dozens of U.S. cities. The stock market is volatile. Now Dow Jones is 100 points up, though when the market opened it was in the red.
Despite the massive downturn on the real estate market, realtors in America are still hopeful they will see a rebound next year. However, some speculators believe the drop in pending contract sales and property values will drop even more soon. How will Bitcoin react?
Bitcoin price rose more than 36% since the year’s beginning while the shares of banking giants have experienced huge fallings.
After the recent halving, Bitcoin is trading under $10,000. Meanwhile, gold has managed to hit new highs.