Allocation to gold amid uncertainty
The rising US dollar and rising bond yields are dampening demand for non-yielding bullion, which, unlike other asset classes, does not appreciate on its own. Gold, which has an inverse relationship with stocks, protects investors during times of market volatility.…
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Turkey’s inflation soars to 73%
Turkey's May rate of inflation was 73.5 percent year on year, the very highest in 23 years, because the country grappled with soaring food and energy costs and President Recep Tayyip Erdogan's long-running unorthodox monetary policy strategy. Turkey's consumer indicant…
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Forex News June 3, 2022
US nonfarm payroll Goldman Sachs provides a preview of the US nonfarm payroll report.A snippet from Goldman Sachs, where analysts are far below the consensus:GS estimates nonfarm payrolls increased by 225k in May, down from +428k in both of the…
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Rouble and its troubles
This week, the US dollar was valued at around 80 Russian rubles, roughly the same exchange rate that existed before Russia invaded Ukraine on February 24. The Russian currency was initially battered by Western sanctions, but it has since recovered. …
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Teenagers feel unprepared to finance their futures
According to a survey of 1,000 children aged 13 to 18 conducted by Junior Achievement USA and Citizens Bank between February 18 and 24, 54 percent of teens are concerned about financing their futures. Teenagers are concerned that they will…
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