The bank also revised its forecast for 2015 four percent lower to $1,220 per ounce, citing lower inflation, reduced inflation expectations, higher US interest rates and a stronger US dollar. The bank also downgraded its silver price forecasts for 2015 – it now sees silver averaging $19...
Bank of America Merrill Lynch has revised upward its oil price forecasts for 2016, but said it remained bearish amid oversupply, weak demand from emerging markets, a return of U.S. shale production and expectations of a deal on Iran...
Government running out of time to contain another $55 billion blowout in the May 12 budget Faces its first credit ratings downgrade since 1989 Standard & Poor's could place Australia's AAA rating on "negative outlook" within months Raises chance of downgrade "A mix of sharply lower commodity...
1. Saudi Aramco - 12 million boepd, Saudi Oil Minister Ali al-Naimi. 2014: 12 million boepd (Barrels of Oil Equivalent Per Day) 2004: 10.8 million boepd. Percent liquids: 87%. 2. Gazprom - 8.3 million boepd, Gazprom CEO Alexei Miller...
The recent string of poor economic data weighed on the US currency meanwhile giving a boost for the gold. Kitco analyst Peter Hug shares his thoughts on the gold market reflecting upon when the rate hike will finally come...
Does anyone really understand the long-term consequences of QE? Let’s just say there is significant debate and as such this disagreement suggests that no one really knows how this will unwind. QE has finished in the U.S. Well, that’s the official line...
Equity investors should drop all fears regarding strength of global currencies and concentrate on a recovery in economic growth which will push stock markets higher, one of Goldman Sachs' top strategists said...
On Thursday copper prices hit five-week highs, as the greenback plunged with a June rate hike now looking less likely...
On Thursday the dollar was trading close to two-month lows against the euro after data indicated that U.S. growth slowed steeply at the start of the year, adding to doubts over the prospect of higher interest rates...
On Thursday the greenback dropped versus the Japanese currency in Asia as the Bank of Japan stood pat on policy - a move which disappointed some investors who awaited an additional easing as a chance for the dollar to strengthen...
Taking place on Necker Island in the British Virgin Islands from the 25th to 28th, the event will also have co-hosts e.g. BitFury CEO Valery Vavilov and venture capitalists Bill Tai, Suzi Mai and George Kikvadze...
A rally in iron-ore prices has recently pushed the commodity into the bull market. But analysts caution the rally may be a short-term bump...
On Wednesday the U.S. dollar fell to three-month lows against loonie, after data showed that the U.S. economy grew less than expected in the last quarter and as markets eyed the Federal Reserve's upcoming policy statement...
Crude-oil futures declined Wednesday, hurt by a weaker-than-anticipated data on U.S. economic growth, though they have recovered after slumping immediately after the report...
On Wednesday gold prices trimmed the session's losses as data indicated that the U.S. economy grew less than expected in the first quarter, adding to jitters over the US economic recovery...
On Wednesday the dollar was mixed against its rivals, as investors expected the release of U.S. economic reports and the Federal Reserve's policy statement due later in the day...
On Wednesday the British currency approached two-month highs against the U.S. dollar, as sentiment for the greenback weakened ahead of U.S. data and as market participants awaited the Federal Reserve's monthly policy statement due later in the global trading day...
In April oil has jumped 20 percent to settle at $57 a barrel, as market players considered expanding violence in Yemen could disrupt supplies. The jump comes after the biggest drop since 2008, with crude dropping last month as low as $43...
On Wednesday gold maintained gains from a two-day rally to reach a three-week peak as more soft US economic data hurt the dollar and undermined hopes for a US Federal Reserve rate hike in June...
CoinHako (Bitcoin wallet service for consumers to buy, sell and secure their Bitcoins) announces that it is the first ever Asian exchange that fully insures Bitcoin reserves. Originally founded in Silicon Valley, it is based in Singapore...
