Commodities

The Kremlin said on Wednesday that Russian President Vladimir Putin spoke by phone with Saudi Crown Prince Mohammed bin Salman and that the two leaders indicated that the latest agreements on reducing oil supplies ensure stability in global energy markets. Saudi Arabia and Russia announced on Tuesday the extension of …

The price of gold rose from its lowest level in a week on Wednesday, with US Treasury bond yields declining and the dollar abandoning the highest levels reached in the previous session, but expectations of keeping interest rates high limited the gains of bullion. Spot gold rose 0.1 percent to …

Oil prices were mixed on Tuesday as support from measures taken by China to support its economy faded, countering the impact of expectations for an extension of supply cuts by two major OPEC+ members, Saudi Arabia and Russia. Brent crude futures for November delivery fell ten cents, or 0.11 percent, …

The Reserve Bank of Australia meeting will be the focal point of the Asian session. The interest rates are not anticipated to alter. Additionally, the Services PMIs’ final reading will be made public. Data on US factory orders and wholesale inflation in the Eurozone are due later in the day.In …

Prior to settling around $85.50, WTI reached the support level of $85.32. Investors are still assessing the Friday-released August US NFPs. OPEC expected that its voluntary production caps would remain in place. The WTI crude barrel traded neutrally in the $85.50-$86.00 band, close to multi-month highs, thanks to the falling …

With the country’s economy growing at an annual pace just above 3.5% in the second quarter. This is far from the 9.9% rate it averaged over its first three decades of economic reform. The country’s aging labour force is shrinking, and President Xi Jinping emphasizes loyalty to the Communist Party …

Oil prices remained constant on Monday, with predictions that major producers would keep supply tight, as hopes grew for the Federal Reserve to keep interest rates unchanged in order to keep the US economy from slowing. By 1110 GMT, Brent crude futures had risen 5 cents to $88.60 per barrel. …

Oil prices rose on Monday, supported by expectations that major producers will maintain the restrictions they impose on supplies, as well as growing hopes that the Federal Reserve (the US central bank) will leave interest rates unchanged to avoid an economic slowdown. Brent crude futures for November delivery rose three …

On Friday, the dollar rose versus the euro and the Japanese yen after the August jobs report revealed a still-strong labour market, despite some signs of slippage. Employers added 187,000 jobs in August, exceeding predictions of 170,000. However, data for July was revised downward to reflect 157,000 employment gains rather …

The precious metal’s weekly gain for dollar investors was reduced to 1.2% as gold prices declined this afternoon entering Friday’s London benchmark auction as mixed data on the US labour market was followed by less-poor manufacturing sector data. Gold is trading at 1940.86 per ounce at the time of writing.According …