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The Federal Reserve claims that during the first weeks of 2021, the American economy. Recovered at moderate speed But the recovery in the labor market remains slow. With information indicating that Private employers employ fewer workers than expected in February. Meanwhile, activity in the service industry slowed in the same month. Due to the arrival of winter storms too
The price of crude rose on Wednesday. After it is reported that OPEC Plus member countries We are considering keeping the rate of reduction of oil production in April as it was. Given that the recovery in energy demand remains fragile. On the situation of the coronavirus outbreak By OPEC Plus Group Will meet on Thursday
West Texas Intermediate (WTI) crude oil futures for April delivery rose $ 1.53 to $ 61.28 a barrel. The April delivery period increased by $ 1.37 to $ 64.07 per barrel.
As for the price of gold, the drop was due to a rise in the dollar and the yield on 10-year US government bonds. That moved to 1.48% after President Joe Biden announced that United States United will have a vaccine against COVID-19. Enough for all Americans at the end of May Take the Comex Gold Futures Market. April delivery fell $ 17.80, or about 1%, to close at $ 1,715.80 an ounce, the lowest level in more than nine months.
Source: Reuters, Xinhua
