The Federal Reserve raised US interest rates by 0.25% last night, pushing rates up to a range of 2.25% to 2.5%. The decision was taken despite being urged not to by the President – an intervention considered improper by many due to the intended independence of the Federal Reserve.
December Gold News 2018
New figures from the Office for National Statistics show that UK inflation has reached the lowest level since March 2017, falling to 2.3% for the previous year as of November.
Korean car manufacturers Hyundai have announced a new £5.31 billion programme to massively increase production of hydrogen fuel cells from 3,000 units to 700,000 a year by 2030.
Prime Minister Theresa May has abandoned plans to hold a Commons vote tomorrow evening at 7pm on her Brexit deal with the EU, with insiders and critics all suggesting the deal would likely be defeated – a fourth defeat for the PM in less than two weeks.
A Commons statement is expected at 3:30pm today from the Prime Minister, the Leader of the House, Andrea Leadsom. and Stephen Barclay - the new Secretary of State for Exiting the European Union.
The FTSE 100 Index is down 2.49% today at 6,749.68 following sell-offs in the energy and mining sectors, as well as reservations about the state of international banking. The FTSE (Financial Times Stock Exchange) opened at 6,840 and fell steadily all morning, before hitting a low of 2.55% and showing some signs of resistance to further selling.
After weeks of rapid price growth, the price of Palladium has finally overtaken that of Gold for the first time in the precious metal’s history.
Move aside, Elton John. Rocket Man is old news. Now, it’s Tariff Man, and he’s burning out his own stock markets alone…
Dow Jones suffers fourth-biggest daily loss while S&P500 loses nearly $800 billion of market value as investors rush to sell in the wake of the President's comments and the fear that the US/China trade war isn't coming to an end after all.
Anglesey Mining has teamed up with Ireland’s QME Mining to investigate and assess the mining potential of its Parys Mountain site in north-east Anglesey.