May 16 2022 🕓 3 min
Gold is in decline for the month
Yellow metal is in decline for the month. And guessing the low of this downtrend does not seem as a reliable strategy.
Market Movers
May 18 2022
Do Kwon will be sued
Do Kwon, the main person behind Terra (LUNA) and TerraUSD (UST) stablecoin will be sued by LKB & Partners, major Korean law firm, over the collapse of Luna and UST that we saw last week. The firm will be suing Do Kwon on behalf of investors who lost money and will try to seize the property of Do Kwon.
May 18 2022
Gas prices remaining high through 2022?
The European Commission stated that it is likely that the energy prices, especially gas, will remain high this year, which can potentially roll over even to coming three years. The Commission also stated that EU should try to be less reliant on Russia and its energy supplies to prevent this from happening in the future.
May 18 2022
Inflation in UK speeding up
The inflation numbers of United Kingdom that were released today confirmed that this problem is far from solved. At 9 % a year for the month of April, inflation is still speeding up, since the last recorded number was 7 %.
May 14 2022 🕓 3 min
India bans wheat exports
After consumer prices rose to an eight-year high in April, the government decided to ban all wheat exports.
May 13 2022 🕓 3 min
Turbulent week on commodity markets
Precious metals reacted to higher than expected inflation data. Crude oil affected by EU ban and Covid situation in China.
May 12 2022 🕓 2 min
Germany is trying to negotiate gas supply terms with Qatar
As part of the process of getting rid of Russian gas, Germany has decided to negotiate with Qatar for the supply of liquefied natural gas.
May 9 2022 🕓 3 min
Gold tests support levels
Fed's monetary policy sparks big volatility in the markets, while gold falls to support levels. Big inflation data are awaited on Wednesday.
May 8 2022 🕓 2 min
Africa as a new source of the world’s metal?
The whole world is dealing with a shortage of metals. But now developed countries must start looking for more risky new deposits.
May 7 2022 🕓 2 min
Oil continues in surge after EU ban talks
Oil continues in price surge after EU ban talks on Russian oil, which are planned as part of sanctions toward this country.
May 6 2022 🕓 3 min
Russian gas and NATO joining number 1 topic in Finland
Finland is braced for the possibility that it could be next on Russia's list of countries to cut off gas supplies to European Union members.
May 5 2022 🕓 2 min
EU wants to ban Russian oil imports by the end of the year
The EU proposes to ban all oil imports from Russia by the end of this year. However, some countries are opposed and demand at least more time.