Commodities

Oil prices fell on Tuesday as Israel accepted a proposal to address disagreements that were hindering a ceasefire deal in Gaza, reducing concerns over potential supply disruptions in the Middle East. By 0600 GMT, Brent crude dropped 67 cents, or 0.86%, to $76.99 per barrel. U.S. West Texas Intermediate (WTI) …

Gold prices dipped slightly in Asian trading on Tuesday but remained close to their record highs as traders increasingly believe that the Federal Reserve will begin cutting interest rates in September, leading to a weaker dollar. Spot gold edged down 0.1% to $2,501.06 an ounce, while December gold futures also …

Selling pressure on the US Dollar persisted as investor risk appetite strengthened ahead of crucial economic events. The release of the FOMC minutes and Federal Reserve Chair Powell’s speech at Jackson Hole loomed large.The USD Index plunged to its lowest point in several months, nearing 101.80, as positive sentiment dominated …

China’s rapid ascent from a developing nation to a global economic powerhouse in the early 21st century was nothing short of astonishing. Fueled by massive investments and a seemingly insatiable appetite for commodities, the country became the world’s factory and a key driver of global growth. This era witnessed a …

For this Monday’s trading session, the oil price is on the verge of turning a negative performance into a positive one. Early Thursday, prices fell as traders turned their attention to concerns about Chinese demand and the negotiations for a cease-fire in Gaza. Hedge funds that are long the Japanese …

Gold prices have pulled back from a historic peak above $2,500 per ounce. A combination of factors contributed to this decline:Increased Speculative Bets: Hedge funds and other large investors have significantly boosted their bullish positions in gold futures and options, reaching a four-year high. This suggests a potential market overbought …

Oil prices eased on Monday as concerns about weakening demand in China, the world’s largest oil importer, weighed on market sentiment. Investors were also closely monitoring the progress of ceasefire talks in the Middle East, which could potentially reduce supply risks. Brent crude futures fell 45 cents, or 0.56%, to …

The past week has witnessed a notable rebound in equity markets, with the S&P 500 and the Canadian TSX surging over 6.5% and 5%, respectively, from their August 5 lows. This resurgence appears to be primarily driven by two key factors: a continued moderation in inflation and a resilient economic …

Gold prices have shattered yet another record, soaring above the $2,500 an ounce mark. This unprecedented surge has investors and analysts alike wondering if the precious metal is on course for even higher heights. Spot gold is trading at $2,506.84 at the time of writing. Gold futures surpassed 2,537.8 at …

A fresh batch of data eagerly awaited by markets to clarify the Federal Reserve’s future monetary policy path, eliminating uncertainty around potential interest rate cuts, their magnitude, and related factors, is the US retail sales figures.Fed rate cut expectations entered a new phase where investors, observers, and analysts alike are …