Commodities

The reco0very of gild price has stalled following the release of the key Retail Sales Data and the Producer Price Index (PPI) data. US Retail Sales data for October contracted at a slower pace of 0.1% against estimates of a 0.3% decline. The US monthly headline PPI contracted by 0.5%, …

The unemployment rate in France rose faster than expected to 7.4% in the third quarter, according to official statistics published on Wednesday, a rise that Finance Minister Bruno Le Maire blamed on slowing economic growth. “This is a result of the economic slowdown in Europe and around the world,” Le …

Spot gold is trading at $1964.11 per ounce at the time of writing. Gold prices have surged in early US trading session, following a slightly tamer US inflation report. The consumer price index report for October came in at 3.2% year-on-year, falling into the camp of US monetary policy doves …

Oil prices rose on Tuesday after a report by the Organization of the Petroleum Exporting Countries (OPEC) said that market fundamentals remained strong and against the backdrop of concerns about possible supply disruptions as the United States tightens the noose on Russian oil exports. By 0113 GMT, Brent crude futures …

Following OPEC’s monthly market report, which allayed fears about declining demand and a US investigation into Russian oil sanctions violations, WTI crude oil prices rose by 1.43% on Monday. US West Texas Intermediate crude futures gained 1.4% to settle at $78.40 per barrel, while Brent crude futures increased by 1.29% …

Only China wants its inflation to increase, whereas the rest of the world is trying to bring inflation down from current levels. China’s CPI decreased by two basis points in October. Although the country’s official statements indicate that deflation is unlikely, the PPI fell by more than 2.5%.There are also …

In its monthly report issued on Monday, November 13, 2023, OPEC raised its expectations for growth in global oil demand to 2.44 million barrels per day in 2023. OPEC also maintained its expectations for growth in global oil demand in 2024 at 2.25 million barrels per day, and its expectations …

On Monday, gold prices hovered near the lowest level in three weeks in light of the rise in the dollar and investors awaited US inflation data to obtain more indications about the path of US interest rates. Gold rose in spot transactions by 0.1 percent, recording $1,938.12 per ounce by …

Oil prices fell on Monday after rising on Friday after renewed fears of shrinking demand in the United States and China, which negatively affected market sentiment. By 0400 GMT, Brent crude oil futures for January fell 71 cents, or 0.87 percent, to $80.72 per barrel. West Texas Intermediate crude futures …

Last week witnessed significant developments, encompassing economic data, monetary policy speeches, and various market drivers, ultimately leading to a surge in risk assets and a concurrent strengthening of the US dollar as the trading week concluded on the tenth of November. The initial part of the week remained relatively calm …