Commodities

Oil prices fell on Monday after weaker-than-expected factory activity data from China and on concerns that the expansion of COVID-19 restrictions could curb demand. Brent crude futures fell 63 cents, or 0.7 percent, to $95.14 a barrel by 0420 GMT, after falling 1.2 percent on Friday. US West Texas Intermediate …

The yen fell on Friday as the Bank of Japan stuck to its accommodative policy. At the same time, the dollar attempted to recover from losses at the weekend on expectations that the Federal Reserve would signal a slowdown in interest rate hikes. The dollar was last up 0.8 percent …

Gold futures on the COMEX division of the New York Mercantile Exchange fell on Friday as the US dollar and US Treasury yields surged. The most active gold contract for December delivery fell 20.8 U.S. dollars, or 1.25 percent, to close at $1645.20 per ounce at the time of writing …

The number of total active drilling rigs in the United States fell 3 this week, according to new data from Baker Hughes published on Friday. The total rig count slipped to 768 this week—224 rigs higher than the rig count this time in 2021.Oil rigs in the United States fell …

The French economy posted anemic growth in the third quarter, household spending weakened and a massive jump in inflation in October signaled headwinds looming in the fourth quarter. Preliminary data from the National Institute of Statistics and Economic Studies showed that the economy grew by 0.2% in the July-September period, …

Gold prices settled in a narrow range on Friday after caution prevailed ahead of next week’s much-watched Federal Reserve meeting for any signs of a slowing in interest rate hikes. Gold prices did not witness little change in spot transactions and amounted to $ 1663.62 an ounce by 0521 GMT, …

Gold prices are under pressure. The precious metal is actually forced back into the neutral zone on the daily chart. The hourly charts show that the price is balanced at a critical stage. Investors are eying Friday’s PCE and next week’s Fed. The price of gold has been pressured on …

At the time of writing, West Texas Intermediate crude oil is up by over 0.9% trading at $88.92 having recovered from the $87.35 low reaching the $89.78 high so far.Supply concerns have been dominating the market on the back of the United States reporting better-than-expected economic growth data for Q3. …

Gold prices fell on Thursday as the dollar rose, while investors awaited economic data amid expectations that the Federal Reserve may slow the pace of interest rate hikes after November. And gold fell in spot transactions 0.1 percent to $ 1662.79 an ounce by 0952 GMT, and US gold futures …

Oil prices rose on Thursday, October 27, to continue rising more than 3% in the previous session, supported by record-high US crude exports and a weak dollar. Still, persistent concerns about weak demand in China limited gains in Asia. By 03:32 GMT, Brent crude futures rose 20 cents, or 0.2%, …