Commodities

Gold futures ended session higher on Tuesday buoyed by dollar weakness ahead of US inflation readings due to be released next Wednesday amid forcastes inclined to lower inflation in July. Gold settled at 1793 USD per ounce versus last Monday close at 1788 USD per ounce.  The low of the …

Oil edged up on Tuesday, reversing an early decline as worries about tightening supply were revived after Russia said oil exports to Europe on the southern leg of the Druzhba pipeline had been suspended since early August.Russian pipeline monopoly Transneft said Ukraine had suspended oil flows via the pipeline leg …

The global oil demand is expected to rise by 2.08 million barrels per day (bpd), down from 2.23 million in the previous forecast, to 99.43 million bpd in 2022, the US Energy Information Administration said in its latest monthly report, as reported by Reuters.Crude oil prices continue to push lower …

Oil prices rose by more than $1 on Tuesday, after falling earlier, after Russia said that oil exports to Europe through the southern part of the Druzhba pipeline had been suspended since early August, reviving concerns about a supply shortage. Russia’s pipeline monopoly Transneft said Ukraine had suspended the flow …

Gold fell slightly on Tuesday as investors awaited US inflation data this week that may give more clarity about the Federal Reserve’s plans to raise interest rates in order to control inflation. By 0710 GMT, spot gold fell 0.2% to $1,785.89 an ounce, and US gold futures fell 0.2% to …

Goldman Sachs revised down its Brent price forecast for this quarter to $110 a barrel, down from a previous projection of $140 per barrel, but the investment bank still believes the case for higher oil prices remains strong.In recent weeks, oil prices have been driven down by low trading liquidity …

Gold futures traded higher on Monday after Friday’s jobs report showed the pace of hiring unexpectedly surged last month, suggesting the Federal Reserve may have to remain aggressive in its effort to cool the economy.Gold futures steadied on Monday as July’s US jobs data cleared the way ahead for more …

Gold turned higher on Monday as the dollar and Treasury yields tumbled with attention this week on US inflation data, which could influence the US central bank’s next rate hike decision. And gold rose in spot transactions 0.5% to $ 1782.36 an ounce (an ounce) by 1252 GMT, after declining …

On Monday, oil prices moved away slightly from multi-month lows as fears of declining demand due to pessimistic economic prospects outweighed positive economic data from China and the United States. Brent crude futures erased earlier gains and fell 51 cents, or 0.5 percent, to $94.41 a barrel by 0816 GMT. …

Gold prices fell on Monday after strong US jobs data last week boosted the possibility that the Federal Reserve will raise interest rates significantly, sending dollar and Treasury yields higher. And the price of gold in spot transactions 0.1 percent to 1771.74 dollars an ounce (an ounce) at 0454 GMT, …