News

US adds a solid 528k jobs in July, smashing

August 5, 2022

The U.S. economy added 528,000 jobs in July, following a job gain of 398,000 in June, coming far above forecasts of 250,000 added jobs.

Fed raises rates by 75bps for second straight month

July 27, 2022

The Federal Reserve decided to raise interest rates by 75 basis points for the second straight month, lifting the target for the federal funds rate to a range of 2.25% to 2.5%.

Central Banks boost gold reserves by more than 100% in Q2

July 8, 2022

Central banks continued to buy gold. Global official gold reserves grew by 100.6% in Q2 of the current year, reaching about 179.9 tons, compared to 89.7 tons in the first quarter of this year, according to data from the World Gold Council.