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Gold Oil

Newsweek's Positive Coverage of Bitcoin Underscores Paradigm Shift in Public Perception

Photo: Coin Telegraph Newsweek, one of the largest American weekly news magazines, has taken a positive spin on Bitcoin (BTC) in a recent article that explores whether the digital asset can become the new gold standard. The article, which appeared on Wednesday, dissects the digital gold narrat

EUR/USD: On edge ahead of Georgia Senate runoff elections

For the traders hoping that the new year would bring a respite from the constant poll watching and political wrangling that characterized the end of 2020, I’ve got some bad news for you: the market is once again hyper-focused on a high stakes US election. What’s at stake? Because no candidate receiv

Gold Price Analysis: XAU/USD rallies to near two-month tops, around $1935-36 region

A combination of factors assisted gold to gain some strong positive traction on Monday. The prevalent USD selling bias was seen as a key factor that benefitted the commodity. Worries about the continuous surge in COVID cases remained supportive of the move. Gold added to its strong intraday gains an

Tesla shares set to start 2021 at record high

(Reuters) - Tesla Inc shares were set to open at a record high on Monday after the electric-car maker reported better-than-expected vehicle deliveries in 2020, extending a rally from last year that saw the stock surge more than eight times. It delivered 499,550 vehicles, above Wall Street estimates

US' Fauci: US coronavirus outbreak could get worse in coming weeks

The US coronavirus outbreak will likely get worse in coming weeks, Dr. Anthony Fauci, director of the National Institute of Allergy and Infectious Diseases, said on Sunday while speaking at an NBC event, while adding that hospitals around the country are reporting shortages of ICU beds for patients.

Where Did You Gold? - Gold May Remain Underpinned in 2021

Illustration photo of Gold Price H4 Chart from Gold closed at about 25% higher last year between March and August when governments and central banks were still announcing and implementing stimulus measures due to COVID-19. The precious metal began to struggle in early August wh

Oil slips, set for 20% annual drop in tumultuous 2020

NEW YORK (Reuters) -Global crude prices slipped on Thursday and lost more than a fifth of their value in volatile trade in 2020, as lockdowns to combat the novel coronavirus depressed economic activity and slammed fuel demand. Still, Brent and U.S. crude benchmarks have more than doubled from April’

COVID-19 shook, rattled and rolled the global economy in 2020

(Reuters) - When 2020 dawned, the global economy had just notched its 10th straight year of uninterrupted growth, a streak most economists and government finance officials expected to persist for years ahead in a 21st Century version of the “Roaring ‘20s.” But within two months, a mysterious new vir

Battered energy sector could get reprieve from 'golden cross' chart signal

(Reuters) -Energy, Wall Street’s worst performing industry in 2020, could see its fortunes improve in the new year after its price action surfaced a technical buy signal on the charts on Wednesday. The bullish development in S&P 500 energy sector is called a “golden cross,” which is conventional

Miners praise U.S. spending bill that funds rare earths programs

(Reuters) - The pandemic aid and spending package signed by U.S. President Donald Trump last Sunday includes more than $800 million to fund rare earths and strategic minerals research, spending that mining companies say will help counteract China’s dominance over the sector. The $2.3 trillion, 5,593

Gold Price Analysis: XAU/USD nudges towards $1890, eyes bullish breakout in 2021

Spot gold prices are higher on Wednesday amid soft US dollar conditions. XAU/USD eyes an upside break of a long-term bull flag structure that could take the metal back to all-time highs in 2021. Spot gold (XAU/USD) is grinding back towards the $1890 level, up just over $10 or around 0.6% on the day.

Russia Manufacturing Sector Contraction Slows In December

Russia's manufacturing sector contracted at a softer pace in December, survey data from IHS Markit showed on Wednesday. The headline seasonally adjusted IHS Markit Russia Manufacturing purchasing managers' index rose to 49.7 in December from 46.3 in November. Any reading below 50.0 indicates contrac

EURGBP’s Upside Drive Dwindles, Nourishing Range

EURGBP remains consolidated between the confines of 0.8860 and 0.9229, with the pair currently testing the flattening simple moving averages (SMAs). The horizontal SMAs are promoting the sideways picture, while the static Ichimoku lines are reflecting oxygen deprived directional momentum. Looking at

EUR/USD Sentuh Tertinggi Baru 32 Bulan, Menggoda 1,2300 Di Tengah Kelanjutan Stimulus AS Yang Meragukan

EUR/USD mencetak kenaikan beruntun tiga hari saat menembus tertinggi multi-bulan.Pemimpin Senat AS Mitch McConnell mengajukan RUU pembayaran cek sebesar $ 2.000 meskipun menghalangi sebelumnya.Menteri Keuangan AS Steve Mnuchin mengumumkan pelepasan pembayaran stimulus $ 600, Colorado menandai k

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