Commodities

WTI crude oil is down 0.55% at $70 per barrel due to global economic slowdown concerns. Despite Saudi Arabia and Russia’s supply cut announcement, concerns over manufacturing activity slowdown worldwide continue to impact WTI prices. At the time of writing WTI is trading at $70.24 per barrel.China’s Caixin PMI expanded …

Russian Deputy Prime Minister Alexander Novak said Monday, July 3, that Russia will reduce its oil exports by 500,000 barrels per day in August. “As part of efforts to ensure that the oil market remains balanced, Russia will voluntarily reduce its oil supplies in August by 500,000 barrels per day …

Gold prices fell on Monday as a stronger dollar reduced the precious metal’s safe-haven appeal and investors awaited non-farm payrolls data in the United States and minutes from the latest Federal Reserve meeting to be published later this week. Spot gold prices fell 0.4 percent to $1911.70 an ounce by …

Gold prices changed slightly on Monday, as the strength of the US dollar affected the attractiveness of the yellow metal, at a time when markets were awaiting important economic data to obtain more information about the Federal Reserve’s plans to raise interest rates in the future. Gold prices settled in …

Oil prices fell in early Asian trading on Monday, as fears of a global economic slowdown and the possibility of the Federal Reserve raising interest rates were met with expectations of a reduction in supplies in light of the cuts announced by the OPEC + group. Brent crude futures fell …

Oil prices rose on Friday, and Brent crude is heading for its first monthly increase this year, as a significant decline in US crude oil inventories erased fears that fuel demand would be affected by any new increase in interest rates. Brent crude futures for September delivery were up 16 …

Gold settled near its lowest level in four months on Friday, as investors awaited important US inflation data later on Friday, after a group of strong data and statements in favor of monetary tightening from Federal Reserve officials increased bets on raising interest again. And gold settled in the spot …

Despite growing speculations about the Fed raising interest rates in the future, the price of gold is rising back above $1900. The precious metal is trading at 1906.70 at the time of typing. Strong growth is highlighted by the US economic data, which has caused the Gold Index to test …

The WTI crude oil price failed to surpass the 20-day Simple Moving Average (SMA) at $70.29 and stabilized at $69.75. The price was rejected at the SMA, currently positioned at $70.36, and retreated to $69.75 due to weak housing data from the US. The US Bureau of Economic Analysis released …

Gold prices remained near their lowest levels in nearly four months on Thursday after Federal Reserve Chairman Jerome Powell left the door open to raising interest rates again with the aim of curbing inflation. Spot gold rose 0.25 percent to $1,912.19 an ounce by 0123 GMT. On Wednesday, the precious …