Gold Consolidates Near $4,700 Amid Rate and Geopolitical Risk

Americans continue to open their wallets, despite record-low consumer sentiment due to the war with Iran, in part thanks to a resilient US labor market. Retail sales climbed 0.5% ...

In the week ending May 9, the advance figure for seasonally adjusted initial claims was 211,000, an increase of 12,000 from the previous week's revised level. The previous week's ...

Saudi Arabia floats a Middle Eastern non-aggression pact with Iran - FT. S. Arabia said to be eyeing regional pact with Iran Saudi Arabia is supposedly considering a non-aggression pact between the Middle Eastern states and Iran after the military conflict between the United States and Iran ends, the Financial Times reported on Thursday. The news outlet cited sources with knowledge of the matter, who shared that Riyadh is allegedly assessing a model of the Helsinki Process, which helped reduce tensions in Europe during the Cold War, in an effort to navigate disagreements in the Middle East since Iran is "weakened," but still "poses a threat to its neighbors." "It all depends on who is in it - in the current climate, you are not going to be able to get Iran and Israel ... Without Israel, it could be counterproductive because after Iran, they are seen as the biggest source of conflict. But Iran is not going anywhere, and this is why the Saudis are pushing it," the sources disclosed.

Business inventories in the United States increased by 0.9% in March compared to the month before, and reached $2,709.7 billion, the US Census Bureau revealed in its report on ...