Commodities

The WTI crude oil retreats from multi-day high amid lack of major positives, cautious mood ahead of key data. Sluggish markets, Lunar New Year in China limit energy buyers’ optimism.WTI crude oil remains sidelined around $81.70, after refreshing the multi-day high above $82.00 the previous day. In doing so, the …

Interviewed on Dubai TV on Monday, Mohammed Hashad, Head of Research and Development at Noor Capital and the member of the American Association of Technical Analysts, commented on the most important developments in the global financial markets on the first day of trading week, and most notably: US Debt Ceiling …

Gold prices fell on Monday, as investors await US economic data this week that may affect the Federal Reserve’s policy in the future, but the decline in the dollar limited the losses of the yellow metal. The spot gold price fell 0.2 percent to $1922.58 an ounce by 0914 GMT. …

Gold prices initially rose in Asian markets on Monday, supported by a weaker dollar and prospects for the Federal Reserve to slow down interest rate hikes. And the price of gold rose 0.1 percent to 1929.04 dollars an ounce at 0014 GMT. There was little change in US gold futures …

According to the International Energy Agency, lifting COVID-19 restrictions in China is expected to increase global oil demand to a record high this year.WTI crude oil futures edged higher on Friday, putting the market in a position to post a second straight weekly gain. The catalysts triggering this price action …

Oil prices fell about 1% on Wednesday, abandoning early gains as worries about a probable US recession outweighed optimism that China’s lifting of COVID-19 curbs will fuel demand for crude in the world’s top oil importer.Brent futures fell 94 cents, or 1.1%, to settle at $84.98 a barrel. U.S. West …

Gold prices fell slightly on Wednesday as the US dollar strengthened, but expectations of a slower pace of Federal Reserve rate hikes limited losses. Spot gold fell 0.3 percent to $1,902.79 an ounce by 0256 GMT. US gold futures fell 0.2 percent to $1,906. The dollar index rose 0.3 percent. …

Interviewed by Dubai TV, Monday, Mohamed Hashad, the Head of Research and Development at Noor Capital and the member of the US Association of Technical Analysts, commented on the most important developments in global financial markets on the first day of the current trading week, with a special focus on …

US Treasury Secretary Janet Yellen will meet Chinese Vice Premier Liu He in Switzerland on Wednesday to exchange views on economic ties, global economic developments and talks are expected to focus on means to deepen communication between the world’s two largest economies.Yellen’s first face to face meeting with Liu stems …

Oil prices rose to a two-week high on Tuesday after China reported weak economic growth data that beat expectations, supported by hopes that Beijing’s change in policy to combat COVID-19 will boost fuel demand. By 1224 GMT, Brent crude futures rose $1.14, or 1.4 percent, to $85.60 a barrel. West …