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Financial markets

Comments and news about the financial markets

Gold reaches new high

In what has been an almost uninterrupted upward trend over the past year, gold has reached the price $2,700 dollar per ounce. It is up 31% since the beginning of the year and 37% since one year ago.

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The ECB cuts rates by 0.25%, the Yield of the EUR Savings Portfolio to 3.10%

The ECB cuts interest rates by 0.25% On Thursday 12/09, the European Central Bank lowered its official interest rates by 0.25%, lowering the deposit facility rate from 3.75% to 3.50%. The latest data for the eurozone put inflation at 2.2% year-on-year, not far from the European Central Bank’s 2% target. The ECB’s latest projections indicate…

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