Breaking News

Loretta Meester .. the specter of inflation will haunt for a long time! ..

News Date: 23/11/2022 01:35:33

US stocks closed higher on Tuesday, amid limited trading.

To accompany its indicators upward, gains were recorded in the oil and natural gas, basic materials and technology sectors.


At the end of trading on Wall Street, the Dow Jones Industrial Average rose by 1.18%, reaching its highest record level in 3 months, while the Standard & Poor’s 500 index strengthened its position at 1.36%, and the Nasdaq index increased by 1.36%.


Gold futures fell by 0.3%, to trade in December at $1,734.7 during the Asian session on Wednesday.


Oil futures also declined, according to the Comex classification. Oil futures contracts were traded at $80.94 per barrel, they decreased by 0.01%.


In the same context, sources quoted data from the American Covenant stating that crude oil and gasoline stocks in America declined in the last week, and other sources said that crude stocks declined by about 4.8 million barrels during the past week.


Loretta Mester, a member of the US Federal Reserve, made comments on Tuesday, saying that inflation is expected to continue for a long time.

Latest news

Curse continues... Inflation is following us to 2023 Inflation led most of the banks in the world to raise interest rates, in an attempt to reduce it . The International Monetary Fund expects that t
12-2022 30 06:28:23

Gold prices fluctuate with the reduction of dollar's losses Gold's prices varied after its positive start at the expense of the dollar’s decline, which tended to reduce its losses, while oil c
12-2022 29 03:29:32

Vladimir Putin takes revenge by Russian oil embargo President Vladimir Putin has banned Russian oil in response to the price cap. He has signed a decree retaliating against the West's imposition of
12-2022 28 03:04:38

Gold prices rose today, Tuesday, affected by the decline of the dollar, which declined by 0.3%, and gold rose by 0.4% to reach $1804.99 an ounce, and gold futures rose by 0.4% to reach $1811.90. The
12-2022 27 04:19:22

The first Saudi-Japanese ministerial dialogue meeting for energy The Saudi Prince of Energy and the Japanese Minister of Economy and Industry held a meeting in Riyadh - Saudi Arabia, in which they
12-2022 26 02:50:27

More News