Commodities

Gold prices rose on Friday as investors awaited the US non-farm payrolls data, which is expected to be released on Friday, to assess the possible path of interest rate hikes by the Federal Reserve (US central bank). By 0716 GMT, spot gold rose 0.1% to $1832.24 an ounce, and US …

During the American session, US yields decreased even more. US 2-year yields decreased to 4.95% and 10-year yields to 3.92%. The US Dollar suffered from the falling rates. The DXY dropped to 105.20 for the second day in a row. The retreat of the Greenback is still a correction from …

Both Friday’s Nonfarm Payrolls report and next week’s the US Consumer Price Index are in the focus of exceptional attention for traders and investors. Gold price is up about 0.9% from a low of $1,812.02, and it has since risen strongly to challenge $1,835.64 as the US dollar lost additional …

WTI bears are active in the market as the NFP data release is approaching. The third day of losses for WTI saw a decrease of almost 1.53%. In late Wall Street activity, West Texas Intermediate is down almost 1% for the day. Notwithstanding a weaker US Dollar before Friday’s US …

Oil fell for the third day in a row on Thursday, as concerns about the economic repercussions of higher interest rates offset the impact of an unexpected drop in US crude inventories and hopes for a recovery in Chinese demand. Federal Reserve Chairman Jerome Powell’s comments this week about the …

Spot gold rose on Thursday as the dollar fell, but Federal Reserve Chairman Jerome Powell’s hawkish comments about raising interest capped the precious metal’s gains. And by 0046 GMT, spot gold rose 0.1 percent to $ 1815.58 an ounce, after reaching its lowest level in a week on Wednesday. There …

The EU is purchasing Russian LNG at the highest level in three years. Though the bloc has sanctioned Russian oil and fuel oil, LNG imports are still free-flowing.The EU snapped up 19.2 billion cubic meters of Russian LNG last year, a 35% increase from 2021. Despite efforts to keep distant …

Gold prices fell to a one-week low on Wednesday after Federal Reserve Chairman Jerome Powell said that it would likely take a higher-than-expected interest rate hike to curb inflationary pressures. Gold fell 0.1 percent in spot transactions to $ 1812.44 an ounce by 0634 GMT. US gold futures also fell …

Oil prices were steady in early Asian trading on Wednesday, as industry data showed a drawdown in US crude inventories after the market fell in the previous session on fears that further sharp increases in US interest rates could hurt demand. Brent crude futures for April were up 8 cents …

Gold price outlook has deteriorated by extremely hawkish Fed Powell’s comments on Tuesday. S&P500 retreated on the prevalent dismal market mood as more rates from the Fed do a lot to confirm a US recession.At the time of writing, gold is trading at 1812.63 per ounce. The Gold Index (XAU/USD) …