Commodities

Improved market sentiment on Monday reduces demand for the safe-haven assets, including gold. This is preventing the Gold Index (XAU/USD) from powering higher. However, market’s overall confusion could soon resurface if the Fed fails to convince investors this week that the worst is over in terms of financial instability.Gold price …

On Monday, oil prices fell to a 15-month low amid fears that turmoil in the global banking sector could lead to a recession that would dampen demand for oil, as well as fears of a possible hike in interest rates in the United States this week. Brent crude futures for …

Gold prices regained some gains on Monday, erasing part of earlier losses, as concerns about the global banking sector returned to the fore, despite UBS’ rescue efforts to acquire rival Credit Suisse to stabilize financial markets more broadly. . Spot gold rose 0.1% to $1,988.89 an ounce by 0624 GMT, …

Wall Street finished lower on Friday, capping off a turbulent week marked by an evolving banking crisis and the gathering storm clouds of a possible recession. All three indexes finished the session in the red, with financial stocks falling the most of the S&P 500’s major sectors. All three indexes …

WTI crude oil modestly bounced after posting a fresh 2023 low of $65.22 a barrel. West Texas Intermediate fell to $65.22 per barrel on Friday, its lowest since November 2022. It currently trades at around $67.30 a barrel, breaking lower amid financial turmoil weighing on the market mood. At the …

Gold is trading at $1959.26 at the time of writing. Earlier on the day, gold price surged further on Friday reaching the highest level in eleven months, rising above $1,960 per ounce. The Gold Index XAU/USD is rising by more than $40, adding to weekly gains.Risk aversion amid the banking …

The Kremlin said on Friday that Russia had decided to extend the grain deal across the Black Sea for 60 days, echoing earlier statements by the Foreign Ministry. Ukraine stated that the agreement, which will expire soon, must be fully renewed under the current terms, which provide for an extension …

Gold prices rose on Friday, supported by the weakness of the dollar, and are preparing for the largest weekly gains since mid-November, as the global banking crisis prompted investors to turn to the metal, which is considered a safe haven. And by 0313 GMT, gold in instant transactions rose 0.5 …

The dollar fell on Friday as risk appetite improved after authorities and banks in key markets moved to ease pressure on the financial system, calming other major currencies that had fallen earlier in the week in the wake of banking turmoil. On Thursday, large US banks pumped $30 billion in …

Oil prices rose nearly 1 percent on Friday after a meeting between Saudi Arabia and Russia calmed markets amid expectations of strong demand in China, after a banking crisis led to heavy selling in global financial and oil markets this week. By 0400 GMT, Brent crude futures rose 81 cents …