Category: Prices
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Oil prices edge lower, giving up early gains from death of Iran’s president (NYSEARCA:USO)
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Slavko Sereda/iStock via Getty Images US crude oil futures on Monday failed to maintain the $80 level reached last week, as two US Federal Reserve officials said they had not yet concluded that inflation trends are back to the central bank’s 2% target. Waiting for more signs of declining inflation…
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US (dis?) inflation – Target to cut prices on another 5000 items
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US retailer Target has reduced prices on more than 1,500 popular products, effective Monday. It promises “thousands of additional price cuts” (up to 5,000 times) in the future. This is said to be in response to attracting “inflation-wary shoppers who are put off by rising prices”. Information comes through many…
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Ethereum ETF D-Day Approaches, Where Will ETH Prices Go?
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The final deadline to get your first Ethereum ETF is Wednesday, May 23. This is when the SEC will approve or deny VanEck’s application. The application deadline for the Ark 21Shares Spot ETH ETF is the next day, Thursday, May 24, but what happens on Wednesday will set the tone…
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UBS warns gold prices may pull back soon, remains bullish long-term By Investing.com
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In a note to clients, UBS analysts asked investors to consider portfolio hedges amid ongoing macroeconomic uncertainty. However, they noted that although gold has traditionally served as a safe-haven asset, there are potential headwinds in the short-term. Specifically, if markets lower their expectations for an interest rate cut by the…
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Will Prices Easily “Explode” Past $74,000 Or Dump Due To Miner Capitulation?
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Bitcoin prices have been trending lower in the past two weeks and generally remain within a bearish formation. Although momentum appears to be rising, the bulls are not out of the woods yet. Analysts do not lose hope and remain overly optimistic, predicting a rally that will take the world’s…
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Fuel prices drop by Sh1 in Epra May review
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Pump prices have fallen by Sh1 per liter in the latest review which will be in effect until the 14th of next month. The Energy and Petroleum Regulatory Authority (Epra) said on Tuesday evening that a liter of diesel fell to Sh179.18 from Sh180.38 while a liter of super petrol…
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US producer prices increase more than expected in April
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WASHINGTON (Reuters) – U.S. producer prices rose more than expected in April amid strong gains in the costs of services and goods, suggesting inflation remained high early in the second quarter. The Labor Department’s Bureau of Labor Statistics said Tuesday that the producer price index for final demand rose 0.5%…
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Gas Gone Cheap! Ethereum Fees Plunge 93% To Rock Bottom Prices
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Ethereum users are rejoicing at the significant drop in gas fees, as the network saw its lowest level since early 2020. This translates into much cheaper transactions, making the platform more accessible to everyday users and developers. However, experts warn that this fee fest may be temporary, raising questions about…
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Dogecoin, Dogwifhat prices soaring; KangaMoon hype rises in the meme coin space
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Disclosure: This article does not constitute investment advice. The content and materials contained on this page are for educational purposes only. As Dogecoin and DogeWave continue to show green price charts, many traders are increasingly interested in pre-selling KangaMoon. The coin market has seen growth recently. Dogecoin (DOGE) and DogeFat…
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BMW says costs, low used car prices to weigh on 2024 pre-tax profit By Reuters
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Written by Andrei Sychev and Nick Carey BERLIN (Reuters) – BMW said on Wednesday it expects a slight decline in pre-tax profits this year due to higher research and development, manufacturing and employee costs, with lower used car prices also contributing to the decline. The Munich-based automaker reported a decline…
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Commodity Roundup: Gold eases as steady dollar dampens appeal, oil prices mixed
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Bright stars Precious metals fell on Tuesday, with gold trading around $2,315.12 an ounce, as a stable US dollar made bullion less expensive for foreign buyers, while investors awaited more clues on when the Federal Reserve will deliver its first interest rate cut. After the US central bank signaled last…
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Gold prices tread water as rate fears grow ahead of nonfarm payrolls By Investing.com
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Investing.com — Gold prices moved slightly in Asian trade on Friday, as markets remained hesitant towards the yellow metal ahead of the release of key US jobs data, while the possibility of higher interest rates for a longer period puts gold on track for weekly losses. The yellow metal has…
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UK House Prices Decline for Second Consecutive Month Amidst Rising Mortgage Rates
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UK house prices fell significantly in April, recording the biggest fall since last summer, as rising mortgage interest rates restricted the purchasing power of potential buyers. According to Nationwide Bank, the main lending bank, house prices fell by 0.4 per cent last month, marking the second consecutive monthly decline and…
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Oil prices tumble to seven-week lows on surprise build in U.S. crude stocks (NYSEARCA:USO)
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Slavko Sereda/iStock via Getty Images Crude oil futures fell to their lowest levels in seven weeks on Wednesday after US data showed a sudden and sharp weekly increase in crude oil inventories, as exports fell and refineries reduced their capacity use. The US Energy Information Administration reported Crude oil stocks…
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Top Crypto Prices Crash As FOMC Nears, Traders Divest Into New Altcoins Set To Hit Market
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Cryptocurrency prices are once again facing heavy losses as the Federal Open Market Committee (FOMC) meeting approaches. A collapse in cryptocurrency prices is expected due to the upcoming Federal Reserve monetary policy meeting. Bitcoin’s price corrected 2% to start the week, and is trading at $62,400 at press time. Ethereum,…