Commodities

Oil prices hovered near a two-month low on Monday as supply concerns eased while worries about fuel demand in China and rising interest rates overshadowed prices. Brent crude futures for January fell 28 cents, or 0.3 percent, to $87.34 a barrel by 0103 GMT, after settling at their lowest since …

US President Joe Biden cautioned on Friday that ““it’s going to take time to get inflation back down to normal levels.”, but he assured that legislation he signed earlier this year will help limit costs for health care and energy. However, he said that “in six short weeks, Americans are …

Oil dropped by about 2% on Friday, logging a second weekly decline, due to concern about weakened demand in China and further increases to US interest rates. Brent crude settled at $87.62 a barrel, falling $2.16, or 2.4%. U.S. West Texas Intermediate (WTI) crude settled at $80.08 a barrel, losing …

On Friday, gold prices are trading unchanged in early US trading session. The softer US dollar index is being balanced by a drop in crude oil prices to a five-week low overnight. US bond yields have risen a bit late this week, which leans slightly bearish for the safe-haven metals. …

Oil prices rose Friday, November 18, with the decline of the dollar, but they are heading towards incurring weekly losses due to expectations that the pace of the sharp rise in US interest rates will not ease, as well as expectations of weak demand from China, the largest importer of …

Gold prices rose on Friday, November 18, due to the decline in the US dollar, but it is still heading towards its first weekly loss in 3 weeks, affected by indications from US Federal Reserve officials that more interest rate hikes are on the way. By 04:33 GMT, spot gold …

Gold price stays bearish around $1,760, after a two-day downtrend, as sellers cheer the US Dollar’s rebound despite softer US economic data. The precious metal traders digest recent hawkish comments by US Fed officials while market sentiment does not favour risk. The most significant factor for gold trading on Thursday …

Gold prices stabilized on Thursday as demand for the precious metal declined due to the latest geopolitical concerns, while hopes that the Federal Reserve (the US central bank) would be less aggressive in raising interest rates in the coming months boosted the markets. And by 0103 GMT, there was little …

The US dollar gathered some strength during the US trading session, closing mixed. The US dollar benefited from a deteriorating sentiment following Poland’s developments in relation to the Russo Ukrainian war, but also from Wednesday’s economic news.The EUR/USD pair trades at around 1.0370, while GBP/USD is stable around 1.1890. Commodity-linked …

Gold Price creeps lower after testing the weekly high around $1786 on Wednesday following the release of positive US data. The retail sales data triggered risk aversion, so, the US dollar’s stance as a safe haven benefited, but the Gold Index was not able failed to capitalize on falling US …