Gold price to drop to $1,650 by year-end but a revival is coming in 2023, says Capital Economics
Despite this week's gains, gold is still likely to drop to $1,650 by the year-end before staging a recovery, according to the latest forecast from Capital Economics.
Gold Heads for Biggest Weekly Gain Since March on Rate Outlook
Gold headed for its biggest weekly gain since March amid speculation that the Federal Reserve will slow the pace of interest rate increases as the US economy slows.
China’s economy could be dragged down by loss of confidence in property sector
The loss of confidence in China’s property sector could feed into a contagion that would further drag down the Chinese economy, analysts warned.
Argentina’s new economy minister pledges to restore fiscal order
Argentina’s new economy minister has pledged to bring fiscal order to the country as the Peronist administration attempts to restore its crumbling credibility and regain market confidence by establishing a “super ministry” to tackle double-digit inflation.
Pelosi’s Taiwan trip could have significant consequences for global economy
Relations between the US and China were poor even before the visit of the House of Representatives speaker to Taiwan. Now they have the potential to turn very nasty indeed – with significant consequences for the global economy.