Commodities

Gold prices rise as traders await clarity on U.S. debt ceiling negotiations and Federal Reserve’s interest rate strategy. Gold prices influenced by US debt ceiling negotiations, Federal Reserve’s interest rate pathGold is seen as a safe-haven investment amid concerns over the debt ceiling. The impact of US default on gold …

The dollar was generally stable on Monday, with US debt ceiling talks due to restart and Federal Reserve Chair Jerome Powell signalling his preference for a meeting-by-meeting approach to future policy decisions. To begin the week, the dollar was little changed at 137.975 yen, having ended a six-day winning streak …

Oil prices remained stable on Monday as concerns over the US debt ceiling weighed on optimism about demand later in the year, offsetting support from reduced supply from Canada and OPEC+ producers. Brent crude futures were up 17 cents, or 0.2%, to $75.75 a barrel by 1111 GMT, while WTI …

After last week’s stalemate, US president Biden on Sunday said he believes he has the authority to use the 14th Amendment to unilaterally address the debt ceiling, but acknowledged potential legal challenges could still lead to default. He said he is looking at the 14th Amendment as to whether or …

Gold climbs 0.89%, trading at $1975.05 per ounce at the time of writing, as the US dollar’s strength subsides, investors are now eyeing the $1980 resistance level.Fed Chair Jerome Powell’s comments and US Treasury Sec. Janet Yellen’s remarks on Friday were sufficient to shake the market, resulting in a significant …

After Republicans boycotted talks with President Biden over raising the debt ceiling, the price of oil reversed gains and fell on Friday. The US Dollar falls as demand for safe-haven assets declines as concerns over the debt ceiling ease; oil is primarily priced in USD. After House Speaker McCarthy left …

Oil prices rose on Friday, after falling more than 1 percent the day before, as investors cautiously optimized about the fading risk of a US debt default. Brent crude futures rose 73 cents, or 1 percent, to $76.59 a barrel by 0650 GMT, and US West Texas Intermediate crude rose …

Gold prices rose on Friday, but headed for their largest weekly decline in three and a half months, as hopes that negotiations would reach a solution to the US government debt ceiling crisis and fading expectations of interest rate cuts by the end of the year led to a decline …

Oil prices posted a slight decline in early Asian trading on Friday, as optimism that a US default could be avoided was offset by high inflation data that could warn central banks around the world are heading to raise interest rates. Brent two-year crude futures fell to $75.84 a barrel …

The price of oil is trading with significant losses, while the US dollar managed to consolidate its performance on the back of the Federal Reserve’s statements adopting tightening monetary policy, and the uncertainty about the outcome of the US debt ceiling negotiations.Latest data revealed a larger-than-expected rise in crude inventories, …