Commodities

Gold prices rose on Tuesday on a weaker dollar, although lingering concerns about the Federal Reserve’s interest rate hike kept non-profit metals’ gains in check. Spot gold rose 0.3 percent to $1,791.91 an ounce by 0636 GMT, and US gold futures rose 0.1 percent to $1,800.20 an ounce. And the …

The United States has become a global exporter of crude oil over the past few years, but its exports have never exceeded its imports since World War II. This may change next year. US crude oil sales to other countries are now at a record 3.4 million bpd, with exports …

Oil prices rose in early trading on Tuesday, supported by a weaker dollar and the United States’ plan to rebuild its strategic reserves, but gains were limited by uncertainty over the impact of rising COVID-19 cases in China, the world’s largest oil importer. Brent crude futures rose 61 cents, or …

Oil prices surged on Monday on optimistic expectations and hopes for China’s economy after news speaking about relaxing COVID-19 restrictions. But, fears of a global recession would weigh on energy demand and therefore oil’s gains are limited.China is experiencing its first of three expected waves of COVID-19 cases after Beijing …

At the time of writing, gold price is trading at $1786.66 versus the previous closing price at $1792.59.Lower than expected inflation data in the US is exercising downward pressure on the US dollar. This, along with lower real yields, is expected to allow gold to retest $1,800 according to economists.Retreating …

Gold prices steadied on Monday as the prospect of the Federal Reserve raising interest rates next year squandered the support provided by a weak dollar. And gold settled in instant transactions at $ 1791.56 an ounce by 0709 GMT. And US gold futures rose 0.1 percent, recording $ 1,802.50. The …

Oil prices regained ground on Monday, after falling more than $2 a barrel in the previous session, amid optimism that China would lift COVID-19 restrictions and recover oil demand, which outweighed fears of a global recession. Brent crude futures rose 72 cents, or 0.9 percent, to $79.76 a barrel by …

Gold rebounds from weekly lows after managing to hold above $1,770. Wall Street indices are dropping more than 1% on Friday, adding to weekly losses.Gold price rebounded further from weekly lows following the release of the US S&P Global PMI report, hitting a fresh daily high at $1,793. It is …

Gold prices rose slightly on Friday as the dollar fell, but the yellow metal, which does not yield a return, is now on its way to record a weekly loss, with the Federal Reserve expecting interest rate hikes to continue for a longer period. Spot gold rose 0.2 percent to …

Oil prices rose in early Asian trade on Friday, after falling by 2 percent in the previous session, in the wake of central banks raising interest rates, and are heading towards ending the week’s transactions higher after a series of positive expectations for oil demand. By 0109 GMT, Brent crude …