Commodities

The price of silver has been trading sideways after hitting a daily high of $23.39. The XAG/USD price analysis suggests that in the short term, it might test $24.00 once it reclaims $23.50; otherwise, it would consolidate. The silver price has consolidated for the fourth straight day after hitting a …

Hungary’s foreign minister Peter Szijjarto held telephone talks with Russian Deputy Prime Minister Alexander Novak about gas and oil shipments as well as nuclear co-operation. In a statement, Szijjarto said Novak had reassured him that despite international sanctions, the Russian party would be able to do maintenance work on the …

For the past week, the US Energy Information Administration (EIA) reports a drop in inventory. Imports of US crude oil fall to their lowest level since March 2021. WTI is trading at $73.203 per barrel at the time of writing. If it breaks above $75.00, it will start moving up …

Gold prices fell on Wednesday as appetite for riskier assets increased following easing fears of a widening global banking crisis. Spot gold fell 0.6% to $1,961.80 an ounce by 0749 GMT, after rising 1% on Tuesday. US gold futures fell 0.5 percent to $1,963.10. However, he added that some investors …

Oil prices rose for a third day in early Asian trade on Wednesday, as the suspension of some exports from Iraqi Kurdistan raised concerns about tight supply, and market sentiment improved as fears of a banking crisis subsided. Brent crude futures rose 42 cents, or 0.5 percent, to $79.07 a …

Despite Wall Street’s losses on Tuesday, markets remained calm. When emphasis shifts to inflation statistics, banking concerns abate. Even though US rates increased, the US Dollar remained weak and dropped for the second straight day. Australia’s inflation data will be crucial on Wednesday before the next RBA meeting. The US …

Gold price was higher on Tuesday following two sessions of declines with support from a weaker US Dollar even as bond yields climbed.  Wall Street’s major indexes lost ground as investors grew concerned again that the Federal Reserve would keep interest rates higher for longer as fears of further banking …

After a decision on an arbitrage between Kurdistan and Baghdad, supply risks stopped 450K barrels of shipments through Turkey. The benchmark prices of US crude oil are supported by a weak US dollar. Although WTI has a neutral to bearish trend, oscillators have recently turned positive, pointing to further potential.Due …

Oil prices moved in a narrow range during early Asian trading on Tuesday, after rising in the previous session, as oil markets focused on developments in the banking crisis, concerns about supply, and indications of increased demand. Brent crude futures fell two years to $ 78.10 a barrel at 0018 …

Gold prices fell on Monday after the rise in stocks undermined the yellow metal’s attractiveness as a safe haven, while investors were assessing the steps taken by the authorities to allay fears of a crisis in the global banking system. Spot gold fell 1.4 percent to $1,949.99 an ounce by …