Commodities

Oil prices on Monday extended last week’s losses on concerns about slowing demand in China, but continued geopolitical risks surrounding the Middle East and Russia limited the decline. By 01:29 GMT, Brent crude futures fell 48 cents, or 0.6 percent, to $81.60 per barrel, while US West Texas Intermediate crude …

Last week witnessed several important events and movements in terms of their impact on overall trading transactions. The week closed with a sharp decline in the US dollar in addition to weak performance of risk-linked assets amid mixed risk appetite due to the growing importance of the statements and data …

Gold prices have been rising due to expectations for US rate cuts, geopolitical tensions, and China’s economic woes. Gold futures rose 1.04% to $2,182.55 per ounce at the time of writing, reflecting bullish sentiment in the gold market. The Chinese central bank’s gold purchases as well as the country’s domestic …

Oil prices experienced an upward trajectory on Friday, buoyed by robust demand from the United States and China, the world’s leading oil consumers. This surge coincides with a positive signal from the Federal Reserve, indicating potential interest rate cuts. Brent Crude Futures Surge Brent crude futures saw a notable increase …

On Friday, gold prices are positioned to achieve their most substantial weekly surge in five months, nearing their all-time high, following statements by Federal Reserve Chairman Jerome Powell that have reinforced expectations of interest rate cuts mid-year. Record-Breaking Momentum In spot transactions, gold prices experienced minimal change, maintaining a robust …

WTI crude oil prices continued their consolidative trend in the commodities market, hovering around $80.00 per barrel, amid anticipation of a rate cut by the Federal Reserve and higher crude oil imports by China in January and February.Gold prices continued to rise, surpassing $2,160 per ounce to reach an all-time …

The US jobs print on Friday could impact the Fed’s future policy course. A dismal NFP could weaken the US dollar further, and attention might be drawn to the dollar’s major pairs, to determine which assets are winners and which losers. While GBP awaits fiscal clues, policy direction from China …

Oil prices stabilized on Thursday, maintaining the gains achieved on Wednesday fueled by optimistic Chinese trade data and a smaller-than-expected increase in US crude inventories alongside a significant drawdown in fuel inventories. However, the market was tempered by expectations of delayed interest rate cuts in the United States, limiting the …

More softening of the US employment market supported the growing likelihood of a rate decrease by the Fed in June, which further undermined the value of the dollar. Meanwhile, gold reached all-time-high, around $2,150 per ounce, as a result of more gains, and the EUR/USD pair broke above 1.0900 during …

After US Fed Chair Jerome Powell stated that the Fed does not anticipate an increased danger of recession in the US economy, WTI US Crude Oil surged to its highest bids in a week. WTI immediately changed direction and dropped back into the $78.50 range, but it is still in …