Commodities

Gold prices have recovered modest overnight losses and are holding slight gains in early US trading session on Tuesday. Gold is seeing some buying interest from bargain hunters buying the dip and as US Treasury yields have declined a bit this week. At the time of typing, gold is trading …

Oil prices rose and were on track for a third day of gains on Tuesday, supported by investor optimism that holiday travel in China will boost fuel demand and expectations of lower US crude inventories. Overseas flight bookings in China during the upcoming Labor Day holiday indicate a continued recovery …

China’s gold production rose 6.9 percent in the first quarter of 2023, returning to pre-pandemic levels, thanks in part to a jump in demand for gold and jewelry, as investors sought a safe haven away from financial market volatility. China’s Association of Gold Companies said on Tuesday that China’s production …

WTI crude increased on expectations of greater fuel consumption during the busy holiday travel season in China. The anticipated production cuts by the OPEC+ producing group may make the oil market more competitive.WTI crude oil prices increased further during the middle of Monday’s US trading session, reaching $78.78 per barrel …

Interviewed on Dubai TV, Muhammad Hashad, Head of Research and Development at Noor Capital and the Member of the US Association for Technical Analysts, commented on the most important developments of global financial markets on the first day of the new trading week and most importantly what is happening in …

Gold is up +0.24% on the day, the precious metal is trading at $1987.31 at the time of writing. The price of gold is fluctuating horizontally during Monday’s US trading session due to the lack of a catalyst, but it is likely to be supported by the weakening US dollar …

The dollar rose on Monday to stabilize its price after the recent losses it suffered a week ago when investors await the Bank of Japan meeting and the issuance of the latest data before the decisions of the Federal Reserve and the European Central Bank on interest rates in early …

Gold prices fell on Monday for the second consecutive session as investors’ focus turned to Federal Reserve meetings to clarify its strategies to raise interest rates, which could highlight any progress in taming inflation. The spot gold price fell 0.1 percent to $1,980.89 an ounce by 0613 GMT. US gold …

Prices for WTI have recovered from recent lows at $77,000. Crude oil lost four straight weeks of gains. On Friday, traders’ attitude was still negatively impacted by recession worries.Prices for WTI barrels manage to rekindle some buyer interest on Friday, moving beyond the $78.00 threshold.Following a significant rejection from post-OPEC+ …

Financial markets experienced volatility on Wednesday, with strong price increases in currencies and metals. US stocks fluctuated between gains and losses, and although the US Dollar somewhat increased, it fell during the American session. Economic Data Fed’s Beige Book states that “economic activity was hardly changed in recent weeks. The …