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Economy

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Economy

Gold Prices Hit $5,595 Before Fed Nominee Triggers Tumble

Retail investors drove gold to record highs before Kevin Warsh's hawkish Fed nomination and the Iran war cooled professional appetite, Metals Focus reports.

EconomyJune 4, 2026

ECB Readies Insurance Rate Hike as Iran War Fuels 3.2% Eurozone Inflation

The European Central Bank is expected to raise rates next week, a symbolic move to anchor expectations as energy-driven inflation accelerates to its highest level in nearly three years.

EconomyMay 30, 2026

Taiwan Uniform Invoice Lottery Draws NT$10 Million Winning Number

The winning number for the special prize is 19531471, while the government simultaneously announced a new monthly allowance for older farmers and homemakers.

EconomyMay 29, 2026

Iran War Oil Surge Could Boost Canada GDP 0.3%, Scotia Forecasts

Friday's GDP report from Statistics Canada will show the first full month of economic data since the Iran conflict began, with higher oil prices creating both winners and losers.

EconomyMay 23, 2026

EU Strikes Deal to Scrap US Import Duties, Averts Tariff Threat

The provisional agreement includes a safeguard to suspend cuts if US steel tariffs remain above 15% by end-2026.

EconomyMay 23, 2026

UK Inflation Drops to 2.8% But Iran War Threatens Spike

Lower energy bills drove the surprise decline, yet analysts and businesses warn rising fuel costs from the Middle East conflict will reverse gains by year-end.

EconomyMay 22, 2026

Stocks Rally While Bond Yields Surge, Splitting Markets

A record gap between soaring stock indexes and rising government bond yields has analysts warning of a potential correction, as the Iran war and inflation fears reshape investor bets.

EconomyMay 19, 2026

China Cuts US Debt to 2008 Low as Oil Shock Hits Asia

Central banks liquidated dollar reserves to defend currencies battered by the Middle East conflict and surging crude prices, Treasury data shows.

EconomyMay 19, 2026

India Fuel Prices Rise Again as Iran War Strains Economy

The second CNG price hike in 48 hours signals deeper economic pain from the Middle East conflict, as Prime Minister Modi tours Europe to shore up trade and investment.

EconomyMay 19, 2026

South Africa Households Bear Macro Stability Cost as Prices Bite

Working families cut protein and skip meals as fuel-driven inflation outpaces stagnant wages, exposing a delivery gap between policy pledges and household reality.