Commodities

Oil prices fell in early trading on Tuesday amid concerns that fuel demand will be affected by major central banks keeping interest rates high for longer, even as supply is expected to tighten. Brent crude futures fell 87 cents to $92.42 a barrel by 0630 GMT, while US West Texas …

Gold buyers are finding it difficult to maintain $1,915.00 for Monday. The Gold Index is tumbling to new lows due to a strong US dollar. Analysts predict that Gold will hit $2,200 by the end of the year, but there are still policy risks. On Monday, gold fell further, hitting …

Russia is making news headlines concerning the oil sector on Monday. WTI crude oil has lost more than 0.45% of its value after reaching a high of $90.34. WTI’s three-week surge was ended by the Federal Reserve’s decision to hold rates while predicting higher rates for the upcoming year. Oil …

A government document showed on Monday that the Russian government agreed to some amendments to the fuel export ban, lifting restrictions on fuel used to supply some ships, and diesel that contains a high percentage of sulfur. Moscow also lifted restrictions on the export of fuel that Russian Railways and …

Oil prices rose on Monday as investors focused on expectations of tighter supplies after Moscow issued a temporary ban on fuel exports amid continuing concerns that another interest rate hike could dampen demand. Brent crude futures increased 69 cents, or 0.7 percent, to $93.96 a barrel by 0646 GMT, after …

The first interest rate cut in the USA is now expected in July 2024, pushed out from the June rate cut priced in before. The Fed’s updated economic outlook shows that the US economy has held up better than expected, with a modest cooling to 1.5% annual growth in 2024 …

An obvious change in US bond yields, with the 10-year note coupon falling from a 16-year high of 4.51% to 4.44%, constitutes a key factor that causes gold prices to recover and gain 0.25%.The Fed’s decisionmakers were eager to convey a cautious stance, highlighting the need for a big deal …

Interviewed by Dubai TV, Mohammed Hashad, the Head of Research and Development Department at Noor Capital and member of the US Association of Technical Analysts, commented on a number of current market developments, most notably the following:(I) US Dollar’s Performance Interest rates have already been left unchanged by the US …

Gold prices rose on Friday despite pressure from the strength of the dollar and the rise in US Treasury yields, as investors were evaluating the decisions of major central banks to adhere to high interest rates. Gold rose in spot transactions 0.2 percent to $1,923.29 per ounce by 0350 GMT, …

Spot gold drops 0.56% to $1919.74 as the Fed’s decision to maintain and revise rates upward pressures gold prices.US real yields hit a YTD high at 2.115%, which continues to be a significant headwind for Gold.Mixed US economic data and hawkish stances from other central banks globally add to the …