Commodities

Place Gold is retreating from $1,990 as the yield on US Treasury notes increases slightly. Early on Tuesday, the market is becoming more nervous as the RBA is expected to hike interest rates by 25 basis points. China data will also be discussed during Tuesday’s early trading session.As of this …

Mohammed Hashad, Director of Research and Development Department at Noor Capital and the member of the US Association of Technical Analysts, commented on the most prominent developments in the markets and the performance of the most important financial assets, in an interview on Dubai TV. He began his comments by …

Gold fell on Monday as risk appetite increased, while traders awaited a speech by Federal Reserve Chairman Jerome Powell and statements from a group of Federal Reserve members scheduled for this week for further clues on the path related to monetary policy. By 1152 GMT, gold in spot transactions fell …

In a move to maintain a tight supply, the world’s largest oil exporters, Saudi Arabia and Russia, confirmed the extension of voluntary production cuts until the end of the year. Brent crude futures increased by 0.5 percent, reaching $85.30 per barrel, while US West Texas Intermediate crude rose to $81.05 …

After a very busy week, several economic data releases are expected to weigh on the performance of multiple assets and most prominently, the US Dollar Index with the beginning of the new trading week.Oil’s PerformanceWTI crude dropped to $80.70, a decrease of more than 2%. Soft labour market data was …

WTI crude dropped to $80.70, a decrease of more than 2%. Soft labour market data was released by the US. Middle East tensions are reducing, which will help the price drop. The US economy, which consumes the most oil, is the primary cause of the steep losses in US crude …

For the month of October, both crude oil and refined products have generally traded sideways. Analysts at Rabobank examine Brent’s prospects. Brent will at some point in Q4 2023 or Q1 2024 reach $100, but not on average. Brent is trading at $85.20 at the time of writing, as WTI …

The gold market has been seeing some two-way price action of late. After hitting close to $2,000 last month on geopolitical worries, Gold is poised for its first weekly loss in nearly a month as safe-haven demand cools ahead of today’s key US jobs data. Gold edged higher intraday but …

CEO of the Russian natural gas production company Novatek, Leonid Mikhelson, said on Friday that US sanctions on the company’s future Arctic 2 liquefied natural gas project constitute “a recognition of our professionalism.” He added during a conference in Samarkand that Qatar, Russia and the United States will be able …

There was little change in oil prices on Friday, but they are heading for a second consecutive week of losses, with the US Central Bank leaving the door open to possible increases in interest rates in the future, as well as declining fears that the conflict in the Middle East …