Commodities

On Friday, the dollar headed for the most extended period of weekly losses in nearly three years as traders reinforced expectations that the Federal Reserve is about to end the cycle of raising interest rates after indications that inflation may subside. Thursday’s data showed US wholesale prices, which are measured …

Another significant movement is finishing the week with the price of gold. Gold lost all weekly gains on Friday, sliding $40 for the day after reaching a 13-month high on Thursday. On a macro level, hawkish comments made by Fed officials and good economic news are having an impact on …

The dollar fell to near a two-month low against major currencies on Friday, while the euro hovered near a one-year high, as dealers’ expectations of an imminent end to the US interest rate hike cycle increased amid signs of slowing inflation. Data from the US Labor Department on Thursday showed …

Oil prices fell on Friday after the International Energy Agency warned that production cuts announced by OPEC+ producing countries could widen the oil supply deficit and harm consumers. And by 0820 GMT, Brent crude futures fell ten cents, or 0.12 percent, to $ 85.99 a barrel. West Texas Intermediate crude …

The price of gold is rising, however it is still below the year’s highs, which were previously set at about $2,048.79, as US data showed the US economy is still slowing down. As a result, the US Dollar (USD) declined as US Treasury bond yields continued to decline, while Gold …

Despite an easing of US inflation, the oil price managed to recover. The US Dollar has been negatively impacted by a slowdown in US inflation. Last week, investors were mildly reported to have built up in oil inventories. After reaching a new four-month high of $83.48 on Wednesday, WTI and …

This year, gold has been doing well so far. In the upcoming quarters, economists anticipate that the precious metal will prolong its rise. Always shining gold with growth issues front and centrePrices are anticipated to stay sensitive to changes in investor risk perception and interest rate forecasts in the near …

The dollar fell on Wednesday ahead of the closely watched inflation reading later in the day that will provide more clues on the path of Federal Reserve policy on interest rates. After announcing strong jobs data in the US last week, eyes are now focused on the inflation report and …

As the US dollar declines, WTI crude oil surges to test resistance once more. Reduced crude oil output keeps the price of black gold higher. On Tuesday, WTI oil prices increased by over 2% to $81.55 per barrel as investors prepared for data that would reveal additional reductions in US …

Investor caution ahead of the release of significant inflation data and the minutes from the most recent Federal Reserve meeting is expected to prevent U.S. stocks from opening Tuesday’s trading session slightly higher. At 11:00 GMT, the Nasdaq 100 futures were up 20 points, or 0.2%, the S&P 500 futures …