High price of gold inspires new rush in California
Matt James has collected gold nuggets for years from the hills and riverbeds of California, but as the precious metal’s price soars, he has found an unexpected El Dorado: on social media. Though the value has fluctuated, it has effectively doubled in the last two years, reaching an all-time high of more than $4,380 an […]
Oil prices rise further as Israel-Iran extends into fourth day
Oil prices extended gains Monday as Israel and Iran pounded each other with missiles for a fourth day and threatened further attacks, stoking fears of a lengthy conflict that could reignite inflation. Gold prices also rose back towards a record high thanks to a rush into safe havens, but while most equity markets dropped further […]
Chinese consumer prices continue to fall as US trade talks loom
Chinese consumer prices fell for the fourth straight month in May, data showed Monday, as the world’s second biggest economy struggles with sluggish spending and global trade turmoil. Beijing has failed to boost sluggish domestic consumption since the end of the pandemic, threatening official growth targets and complicating its ability to shield its economy from […]
Oil prices drop on easing fears over Middle East, most markets rise
Oil prices extended losses Tuesday after a report said Israeli Prime Minister Benjamin Netanyahu had told US President Joe Biden he would not strike Iran’s crude or nuclear facilities in retaliation for a missile attack earlier this month. The sell-off came as the commodity is hit by worries about China’s economic outlook after Beijing failed […]
Tesla cuts US prices for the fifth time since January
Tesla cut prices in the United States between 2% and almost 6%, according to its website reflected this Thursday. This is because the company extended a discount campaign for its electric vehicles that analysts warn could hurt its profitability. Tesla’s fifth such cut in the market since the start of the year comes as the […]
