[ad_1] Copper prices have already recouped most of what they lost in all of 2022, buoyed by prospects for higher demand from China as it eases Covid-19 restrictions. [ad_2] Image…
[ad_1] The number: U.S. industrial production fell 0.7% in December, the Federal Reserve reported Wednesday. It is the biggest monthly decline since September 2021. The decline was steeper than economists…
[ad_1] Gold prices kicked off the first full trading week of 2023 at their highest level intraday since early May as a rally driven by a softer dollar and hopes…
[ad_1] The numbers: Mortgage rates rose in the first week of 2023, as mortgage applications sank to multi-decade lows. The 30-year fixed-rate mortgage averaged 6.48% as of Jan. 5, according…
[ad_1] Gold prices settled higher Friday ahead of a long holiday weekend, as the latest U.S. inflation data showed signs of cooling, but not enough to quell expectations the Federal…
[ad_1] The numbers: Mortgage rates continue to inch downwards, providing some relief to prospective homeowners. The 30-year fixed-rate mortgage averaged 6.31% as of Dec. 15, according to data released by…
[ad_1] Gold prices edged higher on Friday, on track to mark their highest finish in just over a week, after the U.S. November producer-price inflation came in slightly higher than…
[ad_1] Anglo American PLC said Friday that 2022 production was down by around 3% as the Quellaveco copper ramp-up and strong diamond production was offset by ore grades in Chile…
[ad_1] Tesla Inc.’s former country director in Australia pleaded guilty in a Sydney court to two counts of insider trading, having bought shares in Belmont, N.C.-based Piedmont Lithium Inc. after…
[ad_1] Gold prices on Friday marked another finish at their highest since August, up more than 5% for the week, as expectations that the Federal Reserve might slow the pace…
[ad_1] Gold futures tumbled on Thursday as the U.S. dollar and Treasury yields advanced after the Federal Reserve delivered its fourth 75 basis point interest rate hike since the start…
[ad_1] The numbers: Mortgage rates have risen to the highest level in 20 years. The 30-year fixed-rate mortgage averaged 6.94% as of October 20, according to data released by Freddie…
[ad_1] Gold and silver prices traded higher on Thursday as prices for the precious metals continued to seesaw this week alongside the U.S. dollar and Treasury yields. Price action Gold…
[ad_1] The numbers: U.S. mortgage rates have resumed their journey upwards, hitting a 20-year high. The 30-year fixed-rate mortgage averaged 6.92% as of October 13, according to data released by…
[ad_1] Gold shook off early losses Tuesday to finish higher, supported by a retreat in the U.S. dollar, despite anxieties about further interest rate rises by the Federal Reserve in…
[ad_1] When will mortgage rates go down? And will they go down anytime soon? “Anyone forecasting mortgage rates needs to have a lot of humility,” Ali Wolf, chief economist at…
[ad_1] The numbers: Mortgage rates continue to march toward 7%, putting pressure on people looking to buy a home. The 30-year fixed-rate mortgage averaged 6.7% as of Sept. 29, according…
[ad_1] Gold futures on Friday fell back to a level last seen in April 2020, under pressure as the U.S. dollar soared versus major rivals and bond yields jumped amid…
[ad_1] After a brief reprieve at the end of last week, gold futures are back to trading at two-year lows while the yield on the 10-year Treasury note climbs to…
[ad_1] Gold prices were poised to settle at a two-week high on Monday, while silver looked to end the session at its highest since mid-August as the U.S. dollar hit…
[ad_1] Bitcoin’s big stock market debut is coming at a bad time. Three of the world’s top makers of cryptocurrency technology are planning to sell shares, giving investors a new…
Commodities Corner: What’s behind copper’s impressive rise?
[ad_1] Copper prices have already recouped most of what they lost in all of 2022, buoyed by prospects for higher demand from China as it eases Covid-19 restrictions. [ad_2] Image…
U.S. industrial output falls sharply in December
[ad_1] The number: U.S. industrial production fell 0.7% in December, the Federal Reserve reported Wednesday. It is the biggest monthly decline since September 2021. The decline was steeper than economists…
Gold prices rise to 7-month high as dollar weakens
[ad_1] Gold prices kicked off the first full trading week of 2023 at their highest level intraday since early May as a rally driven by a softer dollar and hopes…
Mortgage rates inch up. ‘Homebuyers are waiting for rates to decrease more significantly,’ Freddie Mac says.
[ad_1] The numbers: Mortgage rates rose in the first week of 2023, as mortgage applications sank to multi-decade lows. The 30-year fixed-rate mortgage averaged 6.48% as of Jan. 5, according…
Gold ends the week above $1,800 level as U.S. inflation data shows signs of cooling
[ad_1] Gold prices settled higher Friday ahead of a long holiday weekend, as the latest U.S. inflation data showed signs of cooling, but not enough to quell expectations the Federal…
‘Good news for the housing market’: Mortgage rates edge downwards, providing relief to potential buyers
[ad_1] The numbers: Mortgage rates continue to inch downwards, providing some relief to prospective homeowners. The 30-year fixed-rate mortgage averaged 6.31% as of Dec. 15, according to data released by…
Gold prices on track for highest finish in a week after U.S. inflation data
[ad_1] Gold prices edged higher on Friday, on track to mark their highest finish in just over a week, after the U.S. November producer-price inflation came in slightly higher than…
Anglo American sees 2022 production down 3%
[ad_1] Anglo American PLC said Friday that 2022 production was down by around 3% as the Quellaveco copper ramp-up and strong diamond production was offset by ore grades in Chile…
Former Tesla Australia director pleads guilty to insider trading on lithium deal
[ad_1] Tesla Inc.’s former country director in Australia pleaded guilty in a Sydney court to two counts of insider trading, having bought shares in Belmont, N.C.-based Piedmont Lithium Inc. after…
Gold settles with a more than 5% weekly gain as the dollar softens to a 2-month low
[ad_1] Gold prices on Friday marked another finish at their highest since August, up more than 5% for the week, as expectations that the Federal Reserve might slow the pace…
Gold prices end at lowest in 2 1/2 years as dollar rises in wake of Fed’s 4th jumbo interest rate hike
[ad_1] Gold futures tumbled on Thursday as the U.S. dollar and Treasury yields advanced after the Federal Reserve delivered its fourth 75 basis point interest rate hike since the start…
Mortgage rates surge to 6.94%, a 20-year high, leading to steep decline in home sales
[ad_1] The numbers: Mortgage rates have risen to the highest level in 20 years. The 30-year fixed-rate mortgage averaged 6.94% as of October 20, according to data released by Freddie…
Gold, silver climb as traders see chance of less aggressive Fed rate rises
[ad_1] Gold and silver prices traded higher on Thursday as prices for the precious metals continued to seesaw this week alongside the U.S. dollar and Treasury yields. Price action Gold…
Mortgage rates surge to the highest level since April 2002. ‘The next several months will undoubtedly be important for the economy and the housing market.’
[ad_1] The numbers: U.S. mortgage rates have resumed their journey upwards, hitting a 20-year high. The 30-year fixed-rate mortgage averaged 6.92% as of October 13, according to data released by…
Gold prices shake off early losses to end higher as U.S. inflation data looms
[ad_1] Gold shook off early losses Tuesday to finish higher, supported by a retreat in the U.S. dollar, despite anxieties about further interest rate rises by the Federal Reserve in…
When will mortgage rates go down? Brace yourself, economists warn house hunters that rates of 7% may be the ‘new normal.’
[ad_1] When will mortgage rates go down? And will they go down anytime soon? “Anyone forecasting mortgage rates needs to have a lot of humility,” Ali Wolf, chief economist at…
More bad news for house buyers: Mortgage rates march toward 7%, reaching highest level since 2007
[ad_1] The numbers: Mortgage rates continue to march toward 7%, putting pressure on people looking to buy a home. The 30-year fixed-rate mortgage averaged 6.7% as of Sept. 29, according…
Gold falls to lowest in more than 2 years as dollar, yields soar
[ad_1] Gold futures on Friday fell back to a level last seen in April 2020, under pressure as the U.S. dollar soared versus major rivals and bond yields jumped amid…
Gold retreats to 2-year lows as investors await Fed decision
[ad_1] After a brief reprieve at the end of last week, gold futures are back to trading at two-year lows while the yield on the 10-year Treasury note climbs to…
Gold, silver climb as dollar falls to 2-week low
[ad_1] Gold prices were poised to settle at a two-week high on Monday, while silver looked to end the session at its highest since mid-August as the U.S. dollar hit…
Bitcoin mining IPOs are coming at a really tricky time
[ad_1] Bitcoin’s big stock market debut is coming at a bad time. Three of the world’s top makers of cryptocurrency technology are planning to sell shares, giving investors a new…