Economics/Global
Gold Slumps Amid Optimistic U.S.-China Trade Matters
Gold was on track for the biggest weekly loss in three years as optimism revolving around U.S. and China trade matters sent markets soaring throughout the week. Since Monday leading into Friday’s low, gold prices tumbled by as much as 3.8%, the...
Facebook’s Libra Could be Key For US to Beat China
Facebook’s Libra Could be Key For US to Beat ChinaFacebook’s (NASDAQ: FB) cryptocurrency Libra could be key for the US to beat China in developing a digital currency for emerging markets, according to Market Insiders, citing RBC Capital Markets....
Oil Prices Rise after Attacks on Saudi Arabia Facilities
Oil prices witnessed a sharp rise over the weekend after Saudi Arabia’s oil facilities were attacked during pre-dawn hours on Saturday. The attacks eliminated more than half of the crude output from the world’s largest exporter. Drone attacks...
Chinese Yuan on Pace for Worst Month Since 1994
On Friday, the Chinese Yuan edged lower as it was on pace to set the worst month since the country’s currency reform in 1994. The yuan has been facing weakness due to the ongoing trade tensions between the U.S. and China as well as a global...
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