Commodities

Gold is down -0.06%, trading at $ 2,937.36 per ounce. Gold prices experienced a slight dip on Friday, a natural correction after reaching record highs earlier in the week. However, this short-term fluctuation does not diminish the overall upward trend, with gold poised for an eighth consecutive weekly gain. This …

The US dollar weakened significantly, reaching a two-month low despite no changes in US tariffs or progress in Russia-Ukraine peace talks. Friday’s key events include:US: The US Dollar Index (DXY) fell to around 106.40 due to lower US yields, a stronger Japanese yen, and increased risk appetite. The focus will …

The European Union’s latest round of sanctions against Russia, the sixteenth since the invasion of Ukraine, focuses on energy and metals, specifically targeting oil exports and aluminum imports. These measures introduce new complexities to already volatile commodity markets, raising questions about their ultimate impact.Energy Market Under PressureThe EU’s move to …

The US Administration announced plans to audit the nation’s gold reserves stored at Fort Knox in Kentucky. “We’re going to go to Fort Knox, the fabled Fort Knox, to make sure the gold is there,” the Administration stated.This move follows recent calls for an audit, fueled in part by comments …

Oil prices were little changed on Thursday, as a rise in U.S. crude inventories pressured the market after prices had climbed to a near one-week high in the previous session. As of 09:16 GMT: Brent crude fell 15 cents to $75.89 per barrel. West Texas Intermediate (WTI) crude declined 34 …

Gold prices climbed in Asian trading on Thursday, briefly reaching a record high as escalating trade tensions fueled demand for safe-haven assets. However, gains were limited by a stronger U.S. dollar, following hawkish signals from the Federal Reserve’s January meeting minutes. Gold Hits Record High Before Retreating Spot gold rose …

Wall Street’s stock market indices saw modest gains after the Federal Reserve released the results of its January meeting. Investors analyzed the results for clues about the future of interest rates and monetary policy. The general takeaway was that the meeting reiterated previous statements from the Fed and Chairman Jerome …

Gold’s Trajectory Amidst Geopolitical Tensions and FOMC MinutesGold prices have recently retreated from a peak of $2,947.06, reached during European trading hours, but remain elevated above $2,920. This movement occurs against a backdrop of geopolitical uncertainty and anticipation for the release of the Federal Open Market Committee (FOMC) minutes from …

Gold prices surged to a fresh all-time high on Wednesday, extending their third consecutive day of gains amid geopolitical tensions and renewed trade tariff concerns from U.S. President Donald Trump. Spot gold (XAU/USD) climbed above $2,947.08 per ounce during the European trading session. Gold futures also saw strong upward momentum, …

Oil prices rose on Wednesday, supported by supply concerns stemming from a Ukrainian drone attack on a Russian oil facility, cold weather disruptions in the U.S., and OPEC+ speculation regarding output levels. Brent crude futures climbed 0.5% to $76.25 per barrel at 07:20 GMT. West Texas Intermediate (WTI) crude for …