Commodities

Gold prices remained steady on Thursday as investors absorbed remarks from Federal Reserve Governor Christopher Waller regarding potential interest rate cuts, while also eagerly anticipating upcoming US economic data to discern the trajectory of monetary policy. In spot transactions, gold edged up by 0.1 percent to reach $2,195.59 per ounce, …

Oil prices regained ground on Thursday, rebounding from losses incurred over the past two sessions, as market participants took a second look at the latest US crude oil and gasoline inventory reports. The reevaluation comes amid ongoing geopolitical tensions and shifting sentiments regarding global supply and demand dynamics. Brent Crude …

Wednesday’s North American session is witnessing a steady increase in gold prices as buyers aimed for $2,200. Investors purchased the yellow metal due to a quiet economic calendar in the US and growing rumours on a Fed rate cut in June. As of this writing, the XAU/USD pair is up …

Following the American Petroleum Institute’s (API) unexpectedly high data on US crude stocks, Prices of Brent crude oil futures are essentially unchanged trading at $85.63 per barrel on Wednesday. Spot Brent is trading up 0.17%, at $86.077 per barrel. WTI futures are trading at $81.170 per barrel, up 0.24%. Spot …

Gold prices experienced a slight decline on Wednesday, largely driven by the strengthening of the US dollar. However, the precious metal traded within a narrow range as investors awaited further guidance from the US Federal Reserve. Here are the key highlights from today’s movements in the gold market: Gold Slips …

Oil prices experienced a second consecutive day of decline on Wednesday, as concerns over increasing crude inventories in the United States and uncertainties regarding production policy among major producers weighed on market sentiment. Here are the key highlights from today’s oil market movements: Brent crude futures for May delivery fell …

The US Dollar Index bounced back from Monday’s losses, climbing back around 104.30. Key events to watch on Wednesday, March 27, include the Mortgage Applications report from the Mortgage Bankers Association (MBA) and a speech by Federal Open Market Committee (FOMC) member Christopher Waller.CurrenciesThe EUR/USD pair traded in a narrow …

Thirteen businesses and two individuals are under investigation by the US Treasury Department for allegedly assisting Russia in avoiding sanctions by using virtual money and technological services. Fintech, namely financial technology, companies that collaborated with Russian banks under sanctions to enable transactions and provide virtual currency solutions are the focus …

As US Treasury yields decline and the US dollar fluctuates, gold prices climb. Treasury yields’ decline supports Gold’s rise, but the US Dollar Index’s slight increase opposes it. Tuesday’s US data was mixed, with lower consumer confidence and higher durable goods orders influencing the overall market sentiment. Although the price …

Oil prices showed little change on Tuesday following a rise in the previous session, as investors weighed mixed expectations amidst Russia’s supply cuts in response to recent Ukrainian attacks on Russian refineries. However, a slight decline in the dollar provided some support to the market. In Monday’s session, Brent crude …