Commodities

ISM Manufacturing Index dropped during September more than expected to the lowest level in two years. According to analysts, key measures point to slowing economic activity, but it inventories that hold the key to understanding what is happening in the US economy. Companies seem tired of having input prices that …

Oil prices jumped by nearly $4 on Monday, October 3, as the OPEC+ group considers cutting production by more than one million barrels per day, what would be the largest cut since the Corona pandemic, in an attempt to support the market. Brent crude futures rose $3.64, or 4.3%, to …

An OPEC source said that the OPEC + group of oil producers is looking at possible production cuts of more than one million barrels per day, excluding any voluntary cuts by any member country alone. The Organization of the Petroleum Exporting Countries (OPEC) and its allies, a group known as …

Sterling rose sharply on Monday morning after reports that the UK government would back down from its planned cut to the highest income tax bracket. Sterling rose 0.9% against the dollar to $1.12, back to the level it was at before Finance Minister Kwasi Quarting unveiled a raft of tax …

Oil prices dipped on Friday in mixed trading but notched its first weekly gain in five on Friday, underpinned by the possibility that OPEC+ will agree to cut crude output when it meets on October 5. Brent crude futures for November, which expire on Friday, fell 53 cents, or 0.6%, …

What gold will do during the next two weeks will be very important for prices ahead of this year’s end. Jobs data and inflation data are closely watched as gold shows promising signs amid escalating geopolitical tensions and intensifying market volatility.Gold saw a key development mid-week as prices rose from …

Oil prices dipped on Friday in mixed trading but notched its first weekly gain in five on Friday, underpinned by the possibility that OPEC+ will agree to cut crude output when it meets on October 5.Brent crude futures for November, which expire on Friday, fell 53 cents, or 0.6%, to …

Data on Friday showed inflation in France unexpectedly slowed for the second consecutive month in September, deviating from the trend in its neighbor Germany and the broader eurozone, supported by a slowdown in the rise in energy and services prices. France’s annual inflation rate fell to 6.2 percent in September …

Gold prices, which rose on Friday as the dollar fell, are close to posting their worst quarterly drop since March last year, as central banks around the world stick to tight monetary policies. And gold rose in spot transactions on Friday 0.3 percent to $ 1665.99 an ounce by 1029 …

Oil prices are heading for their first weekly gain in five weeks on Friday, supported by the decline in the US dollar and the possibility of the OPEC + group agreeing to reduce crude production when it meets on the fifth of October. Brent crude futures for November rose 95 …