Commodities

Gold price maintained defensive stance late during the New York session after an early US employment report showed that the Fed is right about pushing back on recession chatter. Gold is trading at $1773.33, down by almost 1%.Before Wall Street opened, the US Bureau of Labour Statistics revealed that the …

The price of crude oil rose on Friday, balking at the July U.S. jobs report, which suggested that the Federal Reserve could tighten further and limit the demand for crude oil. WTI rose to $90.69 per barrel on Friday at 11:22 a.m. ET, up $1.20 (+2.43%) on the day. Crude …

The US drilling rig count is down 3 units to 764 rigs working for the week ended August 5, according to Baker Hughes data. The count is up 273 units from the 491 rigs working this time a year ago.At 746 rigs working, the land rig count is unchanged from …

For over 30 years, nuclear power was one of Germany’s most troublesome debates. But with Russia cutting gas, Germans are reconsidering their political energy taboos. As soon as Angela Merkel pulled the plug on nuclear power after the Fukushima meltdown, Germany was placed on course to become the only leading …

Oil prices rose slightly on Friday, climbing from their lowest levels since February, as the market moved between concerns about a shortage of supplies and an expected decline in demand for fuel. By 0900 GMT, Brent crude futures rose 39 cents, or 0.4 percent, to $ 94.51 a barrel, while …

Gold prices settled on Friday at their highest levels a month before the release of long-awaited US employment data, as falling Treasury yields and growing fears of a recession boosted the value of the safe-haven precious metal, keeping it on track for a third consecutive week of gains. By 0701 …

The dollar fell against most of its major rival currencies, ending the trading day near its latest lows. This constitutes a sign of additional declines ahead in the near term.AUD/USD advanced and hovers around 0.6970, helped by gold, as the bright metal reached fresh one-month highs in the $1,790 price …

WTI crude oil holds lower ground near six-month bottom after declining for the last four days. Fears of economic slowdown, central bank aggression outweigh geopolitical woes linked to China, Russia. US jobs report for July as well as developments surrounding China will be important for fresh impulse. WTI crude oil …

Gold breached the coveted $1,800 per ounce on Thursday on accelerated geopolitical tensions between China and the United States. But Friday’s employment report could disrupt gold’s momentum, according to analysts. December gold futures rose $33 on Thursday, touching a daily high of $1,812. At the time of writing, gold trades …

The US crude oil benchmark dipped early on Thursday to the lowest level in months, falling below $90 a barrel for the first time since Russia invaded Ukraine at the end of February.WTI trades now at $91.9, but at 10:30 a.m. ET on Thursday, the US benchmark WTI Crude had …