美国商务部长表示，美国政府与中国有“开放的沟通渠道” Raimonda, US commerce secrerary concluded a four-day visit to China, the world’s second largest economic power last week. She is the fourth cabinet member to visit China this year and the first commerce secretary to visit China in five years. She reiterated that culticating the USD 700 billion bilateral relationship is valuable not just…
Tag: finance
Gold Showed little reaction to widely expected 0.25% Fed rate hike
Gold Price was moederately higher during US trading Wednesday and only showed little initial reaction to the US central bank raising its main interest rate by 25 basis points. The Federal Reserve’s Open Market Committee (FOMC) said that the US economy is growing moderately in the statement. Traders would like to see if Fed Chair…
The debate over more rate hike at the Fed was intense.
Federal official vigorously discussed if rate hike will be continued or not accordingly to minutes from the most recent meeting. Some Federal officals believed that it would be important to monitor closely the potential effects of banking-sector developments on credit conditions and economic activity. While it is not clear when Federal officials plan to have…
Switzerland’s gold shipments export fell to 10-month lows as gold price surged since April
According to Swiss customs data, Switzerland’s gold shipments to China, India and Turkey fell in April and dropped to 10-month lows amid a surge in gold price. Switzerland is a global transit hub for gold, which is why the country’s customs export data is often used as a market gauge and an analysis which counties…
Gold steadies but still heads for a drop
Gold steadies but still heads for first monthly drop Wednesday as the US House of Representatives appeared poised to pass a bill to raise the US debt ceiling. The House is expected to vote Wednesday Evening to raise debt ceiling and leaders of both Republicans and Democrats indicate that the measure has eought votes to…
Cash levels at the US Treasury are down toward a dangerously low level
Cash levels at the US trseasurt are going down toward a dangerously low level because Washington are still struggling to raise the debt ceiling until the last minutes. As of May 25, Treasury had just USD 38.8 billion in cash and earing the bare minimum level of USD 30 billion. If Congress doesn’t raise the…