Commodities

Oil prices rose slightly on Thursday, with Brent crude and West Texas Intermediate (WTI) gaining 0.5% and 0.4%, respectively, as traders balanced strong winter demand expectations against rising U.S. fuel inventories and macroeconomic uncertainties. Key Market Drivers Demand Expectations and Supply Concerns Brent crude futures increased by 35 cents to …

Oil prices held steady on Thursday as markets balanced strong winter fuel demand expectations with concerns over rising U.S. fuel inventories and macroeconomic uncertainties. Brent crude futures dipped by 6 cents to $76.10 per barrel at 07:27 GMT. West Texas Intermediate (WTI) crude futures declined by 5 cents to $73.27 …

Gold prices steadied in Asian trade on Thursday after two consecutive days of gains, supported by safe-haven demand amid uncertainty over a hawkish Federal Reserve and concerns about President-elect Donald Trump’s potential trade tariff policies. Spot gold dipped slightly by 0.1% to $2,660.36 an ounce, while February gold futures gained …

West Texas Intermediate (WTI) crude oil prices dipped below $72.50 per barrel in early Asian trading on Thursday, pressured by a strengthening US Dollar. While a firmer greenback typically weighs on dollar-denominated commodities like oil, concerns over potential supply disruptions from ongoing geopolitical tensions are likely to limit downside price …

Gold prices climbed during the North American session, buoyed by a slightly hawkish tone in the latest Federal Reserve meeting minutes. The minutes suggested that the pace of interest rate cuts may slow down, a development that typically supports gold as a hedge against inflation.While the US Dollar Index strengthened, …

Oil prices gained on Wednesday, supported by tightening supplies from Russia and OPEC members, along with robust U.S. economic data suggesting potential growth in oil demand. Brent crude rose 0.5% to $77.42 per barrel by 07:30 GMT, while U.S. West Texas Intermediate (WTI) crude climbed 0.6% to $74.69. A Reuters …

The resilience of the U.S. job market, highlighted by a surge in job openings to 8.10 million in November, is casting a shadow over gold’s prospects. This unexpected strength in labor demand, exceeding economist forecasts, has dampened gold’s initial rally.The robust job market strengthens the Federal Reserve’s case for a …

Gold prices rallied on Tuesday, driven by concerns over a surge in US debt issuance and the potential impact on interest rates. The market is closely watching a series of large US Treasury bond auctions this week, particularly the 10-year and 30-year bonds. Fears are mounting that the high volume …

Oil prices extended their losses for a second consecutive session on Tuesday as optimism over global demand faded. Brent crude futures dipped by 0.2% to $76.08 per barrel, while U.S. West Texas Intermediate (WTI) crude slipped 0.3% to $73.31 per barrel as of 0804 GMT. This decline follows a drop …

In an interview conducted by CNBC Television, Mohamed Hashad, Head of Research and Development at Noor Capital and a member of the American Association of Technical Analysts, commented on and analysed key assets’ performance in the financial markets. Q: The year 2024 was remarkable for U.S. indices, with the Dow …