Commodities

Oil prices fell 2 percent on Monday after Chinese data showed that demand from the world’s largest importer of crude remained weak in September, as strict anti-Covid-19 policies and restrictions on fuel exports reduced consumption. Brent crude futures fell $1.67, or 1.8 percent, to $91.83 a barrel by 0855 GMT, …

Japan’s government and central bank intervened in the currency market early Saturday to support the retreating yen, triggering a dramatic rebound against the dollar after the Japanese currency had reached a fresh 32-year low of nearly 152 against the dollar.Finance Ministry Vice Minister Masato Kanda told reporters he would not …

WTI tends to finish Friday’s trading session with flat performance, as Wall Street ended the day with substantial gains amid hopes that Fed could be less hawkish, as mentioned by Fed officials debating to slow the pace of rate increases following November’s meeting. At the time of writing, WTI is …

Gold price advances almost 1% as the market speculations accelerated on FOMC’s intention. A WSJ article noted that FOMC members could be split about December’s rate hike, as November increase to the Fed funds rate (FFR) 75 bps, is certain. The precious metal is trading at $1651.36 per ounce at …

The Chinese yuan fell during Friday’s trading, near its lowest level in 14 years against the dollar, bringing its losses this year to 12.3%. And according to Bloomberg, market watchers expect further yuan weakness after the Communist Party congress ends this weekend, with the central bank loosening its grip on …

Oil prices fell on Friday for a second week as investor concerns about the impact of sharp increases in interest rates on energy consumption dashed hopes related to rising Chinese demand and production cuts by the Organization of the Petroleum Exporting Countries and its allies. Patrick Harker, Federal Reserve Chairman …

Oil prices approached stability on Friday, as optimism about a possible increase in energy demand in China dashed and markets weighed on fears of rising inflation. Brent crude futures fell 12 cents to trade at $92.26 a barrel by 0219 GMT. West Texas Intermediate crude futures fell four cents to …

The gold price has moved back to flat position on the day to print around $1,629.25 after moving between the $1,622.54 low and the $1,628.93 high for most of the session, reversing two losing sessions as the US dollar eased. At the time of writing the precious metal is trading …

WTI futures are trading higher for the second consecutive day on Thursday, to depart the last two weeks’ downtrend. WTI crude has extended its recovery from Tuesday’s lows at $82.15 to session highs at $87.10 before retreating around $86.00 zone. The American crude is trading at $84.47 per barrel at …

Gold prices rose on Thursday due to a slight decline in the dollar, although higher Treasury yields and the prospect of further interest rate hikes by the Federal Reserve capped gains. By 0909 GMT, spot gold rose 0.2 percent to $1,631.54 an ounce. US gold futures rose 0.1 percent to …