Commodities

Opportunities were opening up for other nations to strengthen their positions in the supply chain for this crucial sector of the global economy and a key player in emerging technologies like artificial intelligence and next-generation computing after the United States imposed restrictions on China’s semiconductor manufacturing sector last autumn.In an …

Gold prices stabilized on Friday as market focus shifted to US inflation data due next week, which is likely to provide a clear picture of the Federal Reserve’s monetary policy path. Spot gold prices remained largely unchanged at $1,862.74 an ounce by 1209 GMT, after hitting the lowest since January …

Oil prices fell in early trading on Friday, February 10, but are heading towards recording political gains, as the market continues to oscillate between fears of a recession in the United States and hopes for a recovery in strong demand for fuel in China, the largest global importer. By 01:17 …

The US dollar has been higher with gains ahead of Wall Street’s opening, advancing at the end of the trading day as US indexes plunged ahead of the close though Dow surged earlier on robust earnings including Disney and PepsiCo.The dollar benefited from higher government bond yields but also from …

The US Energy Information Administration’s February short-term energy expectations are indicating a decline of oil pricing over the next two years as well as a 50% drop in natural gas prices. In addition, the production of global liquid fuels is expected to get lower in 2023. Russia and China still …

The gold price retreats on Thursday and is trading at $1867.54 at the time of writing. The positive US economic data earlier on the day triggered the precious metal’s jump to fresh daily high at $1890.21. US Initial Jobless Claims underpinned XAU/USD, though the metal retreated those gainsUnemployment claims rose …

Trafigura suffers a $577 million loss on nickel shipments in what the company calls a systemic fraud. The commodities trading giant discovered some of the metal cargoes it bought were missing nickel. A full container of nickel, an expensive metal that is typically traded in large volumes, can be worth …

Gold rose on Thursday, supported by the decline in the dollar, but prices are expected to be trapped in a limited range as traders await economic data, seeking indications about the path of the Federal Reserve to raise interest rates. And by 1029 GMT, spot gold rose 0.4 percent to …

Oil rose in early trading on Thursday, extending its gains for the fourth day in a row, as crude loading disruptions in Turkey and optimism about the continued recovery of demand in China boosted sentiment. By 0239 GMT, Brent crude futures were up 14 cents, or 0.2 percent, at $85.26 …

WTI is registering solid gains of 0.43% on Wednesday. Less hawkish comments by Fed Chair Jerome Powell seem to reinforce oil prices.The US crude oil benchmark, edges up by a margin of 0.50% as a risk-on impulse hits the market, which, worried about an astonishing US jobs report, expected a …