International investors are actively buying platinum: the total assets of all exchange-traded funds have risen to a new all-time high of 115.5 tons. In four months, the assets have grown by a quarter. Interest in the metal is going up amid its undervaluation compared to other precious metals, as well as the recovery of the auto industry in China. Analysts expect the trend to continue and metal...

Brent crude will rise to $ 50 a barrel in the second half of 2021 on the back of a weaker dollar and higher inflation. This forecast was presented by analysts of the American bank Morgan Stanley on September 9. The price of WTI crude oil will also rise in the third quarter of 2021 to $ 47.5 per barrel. "The unprecedented expansion of the money supply weakens the dollar and puts upward pressure...

The pre-holiday sales season in the United States this year may start several weeks earlier - even before Halloween (October 31), writes the Financial Times. The pandemic has forced retailers including Macy's Inc., Kohl's Corp., Calvin Klein, Guess Inc. and Target Corp., to rethink their sales promotion tactics. Target CEO Brian Cornell said the company is gearing up to launch sales earlier "than...

Saudi Arabia has decided to cut oil prices. According to Bloomberg, this means that the world's largest exporter is preparing for fluctuations in fuel demand in the face of new outbreaks of the coronavirus. Saudi Arabia has slashed oil prices, indicating that the world's largest exporter expects fuel demand to fluctuate amid new coronavirus outbreaks around the world, Bloomberg writes. In...

The damage to the global economy from coronavirus can reach $ 35 trillion by 2025. The global economic recovery is slowing down, and states around the world may face new problems by the end of the year, experts warn. The global economic recovery after the crisis caused by the coronavirus is slowing down, and by the end of 2020, countries may face new problems, experts interviewed by Bloomberg...

The average price for real estate in the UK rose 2% in August, to £ 224 thousand ($ 299 thousand), the largest British construction company Nationwide reported on Wednesday. This is the strongest monthly growth since 2004. In comparison with the level of August last year, the average property prices increased by 3.7%. The rise in prices, despite the beginning of the recession in the UK,...

The dollar exchange rate in the world market has updated minimum values since April 2018. The depreciation of the American currency is taking place against the backdrop of large-scale monetary stimulus in the country, the risk of keeping near-zero rates on the horizon for several years, as well as investors’ nervousness due to the upcoming US presidential elections. Not only the currencies of...

Oil production in the United States in June began to recover quickly after an unprecedented drop in May, increasing to 10.4 million barrels per day (bpd), follows from the report of the Department of Energy of the country. This is the first evidence of how the shale industry reacted to the rising oil prices in the summer. If this dynamic continues in the coming months, it could threaten the...

Global automakers lost about $ 250 billion in revenues in the first half of this year due to the coronavirus pandemic, which led to the suspension of production and significantly hit demand. This follows from the reporting of companies, which was analyzed by the Dow Jones. As a result of the pandemic, automakers around the world are facing one of the most severe crises in recent history. While...