Zurich-headquartered Julius Baer Group got the green light from Swiss regulator FINMA to make large acquisitions again, after a ban imposed just over a year ago.
This year s oil rally has paved the way for the alliance to unleash some barrels, with OPEC Secretary-General Mohammad Barkindo saying on Tuesday that both the wider economic outlook and oil-market fundamentals continue to improve.
Oil gains with record U S fuel supply drop on deep freeze bnnbloomberg.ca - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from bnnbloomberg.ca Daily Mail and Mail on Sunday newspapers.
Oil Inventories Soar Most Ever; Gasoline Stocks Drained Most Since 1990 zerohedge.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from zerohedge.com Daily Mail and Mail on Sunday newspapers.
Gold goes from star commodity to laggard
Bloomberg
Gold began the year with lofty expectations on the back of a record high and its biggest annual gain in a decade. Instead, the precious metal is off to its worst start in 30 years.
Spot prices on Friday touched a seven-month low before erasing losses as the US dollar moved lower, although bullion is already down more than 6 percent this year.
The metal, which surged last year on pandemic-induced haven buying, low interest rates and stimulus spending, is now this year’s’s worst performer in the Bloomberg Commodity Index.
A Korea Gold Exchange official displays gold figurines at the exchange in Seoul, South Korea, on Friday.