Commodities

In the Asian session, Chinese economic data including GDP figures will be the main focus, while RBA Bullock will be speaking at a panel discussion. At the same time, UK inflation data will be released during European trading hours.Economic DataIn the US, another round of positive economic data was released, …

Gold prices have seen an upward trend as US Retail Sales data showed a 0.7% increase in September, surpassing the expected 0.3% increase. This comes amid rising Middle-East tensions and the upcoming speech from Fed Chair Jerome Powell, who is expected to provide significant guidance on interest rates. Gold is …

Gold prices fell on Tuesday as the dollar and US Treasury yields rose ahead of economic data and a speech by Federal Reserve Chairman Jerome Powell this week, which could shift the direction of upcoming interest rate decisions. Spot gold prices fell 0.1 percent to $1,916.88 per ounce by 0703 …

Oil prices fell slightly on Tuesday after falling by more than a dollar on Monday amid hopes that the United States will ease sanctions on oil producer Venezuela and as Washington intensifies its efforts to prevent an escalation of the war between Israel and Hamas. By 0333 GMT, Brent crude …

China’s imports of major commodities continued resilient in September, despite all the discussion that insisted that the Chinese economy is struggling for momentum. Imports of crude oil, natural gas, coal, and iron ore dropped slightly from August, but all were higher than in September last year. The first nine months …

Gold prices fell on Monday after reaching the highest level in nearly a month, with escalating fears of the conflict between Israel and the Islamic Resistance Movement (Hamas), which pushed the precious metal to rise by more than three percent in the previous session. By 0102 GMT, gold in spot …

Oil prices fell on Monday, with Friday’s rise relatively subsiding as investors awaited the repercussions of the conflict between Israel and the Islamic Resistance Movement (Hamas) on other countries, which could push prices up and deal a new blow to the global economy. Brent crude futures fell 34 cents, or …

Gold Gold prices surged last week, driven by safe-haven demand amid escalating geopolitical tensions. The rally began as Israel declared war and launched a military operation against the Palestinian militant group Hamas after an unprecedented attack on Israel. Gold, being a traditional safe-haven asset, gained 1.6% on Monday, marking its …

Following a decline on Thursday due to negative market sentiment, the Canadian dollar saw a minor recovery on Friday. Following a CPI inflation beat, investors supported the US dollar over worries that Fed interest rates would remain high. The Canadian currency, tied to crude oil price movement, is also strengthening …

On Friday, oil prices rose by about 6%, with Brent recording its largest weekly gain since February. As soon as Israel started conducting ground incursions into the Gaza Strip, investors factored in the likelihood that the Middle Eastern conflict may intensify. A week after the terrorist Palestinian group’s murderous assault …