US natural gas inventories dropped by 93 billion cubic meters (bcm) in the week ending December 20.
This was less than the expected decline of 100 bcm.
The previous week saw a larger drop of 125 bcm.
The data was reported by the US Energy Information Administration
PBOC SETS USD/CNY REFERENCE RATE AT 7.1886 FOR TODAY The People's Bank of China (PBOC) set the USD/CNY reference rate at 7.1886 today. This is lower than the estimated rate of 7.3353. The PBOC manages the daily midpoint of the yuan, allowing it
A recent Reuters poll surveyed economists about US interest rates. Most economists think the US Federal Reserve will not change interest rates in the January 29 meeting. They expect the Fed to start cutting rates in March. The US economy is going through changes. New policies are expected with the
GOLD TRIMS LOSSES, INVESTORS AWAIT TRUMP’S INAUGURATION SPEECH Gold recovered some of its early losses on Monday. Investors are waiting for Donald Trump’s inauguration speech. The speech may provide insights into Trump’s policies and the Federal Reserve’s interest rate decisions.
Bank of America analysts say too many people are buying U.S. dollars, which is now hurting the currency. This matches their recent reports showing a big difference between current market behavior and past trends. Investors are worried about inflation rising again, especially in 2025. Inflation concerns are stronger in