Commodities

Gold is trading around $1751 per ounce at the time of writing versus the previous closing price; $1754.18 The US dollar’s weakness has helped gold price to test $1,780 per ounce. On the other hand, the Fed’s commitment to fight inflation with tighter monetary policy leaves space for future dollar’s …

Gold prices fell on Friday, with the dollar restoring its upward trajectory, but expectations of a less sharp interest rate hike from the US Central Bank put the yellow metal on the path to achieving a small weekly gain. And gold fell in spot transactions 0.2 percent to $ 1751.49 …

Gold prices rose slightly on Friday, on track for a weekly gain, as it received support from a weaker dollar on signs that the Federal Reserve may soon slow the pace of raising interest rates. Spot gold rose 0.2 percent to $1,758.41 an ounce by 0223 GMT, and has risen …

Gold prices extended gains on Wednesday as the FOMC minutes for November policy meeting showed a “substantial majority” of members opting to slow down rate hikes. Spot gold rose 0.6% to $1,750.38 per ounce, while US gold futures settled 0.6% higher at $1,750.90.Gold traded higher in a relief rally after …

Gold prices are slightly lower while silver is a bit higher in subdued early US trading on Wednesday. The market looks quieter ahead of the US data point of the week, namely the FOMC minutes released at 2:00 p.m. EST. December gold was last down $2.80 at $1,737.20 and December …

Oil prices fell more than $1 a barrel on Wednesday as the Group of Seven nations discussed setting a price ceiling for Russian oil above its current trading level. Brent crude futures lost $2, or 2.26%, to $86.36 a barrel by 1153 GMT, while US West Texas Intermediate crude futures …

Oil prices rose slightly on Wednesday, after data showing a larger-than-expected decline in US crude inventories last week offset fears that China’s fuel demand will decline amid tightening COVID-19 restrictions. Brent crude futures rose 27 cents, or 0.3 percent, to $88.63 a barrel at 0719 GMT, while West Texas Intermediate …

Gold moved in a limited trading range on Wednesday as investors awaited the Federal Reserve’s monetary policy meeting statement that could provide clues about further interest rate hikes. And by 0647 GMT gold prices in spot transactions fell 0.1 percent to 1737.79 dollars an ounce, while there was little change …

Gold Price registers gains of 0.03%, and the precious metal is now trading around $1738 as Fed policymakers begin to price a 50 bps rate hike and the US central bank needs to tighten monetary conditions.The US Dollar edges lower on Tuesday as the American currency is weighed by falling …

Oil prices were little changed on Tuesday after fears of a global recession and concern that rising coronavirus infections in China would dampen demand from the world’s largest crude oil importer were offset by a falling US dollar. Brent crude futures rose 30 cents, or 0.3 percent, to $87.75 by …