Commodities

Gold prices have shattered yet another record, soaring above the $2,500 an ounce mark. This unprecedented surge has investors and analysts alike wondering if the precious metal is on course for even higher heights. Spot gold is trading at $2,506.84 at the time of writing. Gold futures surpassed 2,537.8 at …

A fresh batch of data eagerly awaited by markets to clarify the Federal Reserve’s future monetary policy path, eliminating uncertainty around potential interest rate cuts, their magnitude, and related factors, is the US retail sales figures.Fed rate cut expectations entered a new phase where investors, observers, and analysts alike are …

Oil prices were on track for a second consecutive week of gains, despite a slight decline on Friday, driven by strong U.S. economic data that fueled optimism about demand in the world’s largest oil-consuming country. Brent crude futures have risen approximately 1.3% this week, while U.S. West Texas Intermediate (WTI) …

Gold prices experienced a minor decline in Asian trade on Friday, as reduced recession concerns tempered the demand for safe-haven assets. Despite this, expectations of interest rate cuts kept gold prices close to record highs. Spot gold fell by 0.1% to $2,453.02 an ounce, while gold futures for December delivery …

China’s economic engine, which has long been the world’s growth driver, is losing steam. Recent data highlights a deepening slowdown with far-reaching global consequences. The Chinese economy is under increasing strain, with its weakest growth in five quarters. Efforts to bolster consumer spending have yielded disappointing results, and China’s GDP …

During Friday’s early Asian session, the price of gold remains unchanged at $2,455. US initial jobless claims decreased by 7K to 227K last week; retail sales in July exceeded forecasts, increasing 1.0% MoM. The downward potential of gold may be limited by the growing geopolitical threats in the Middle East. …

The recent construction of the world’s largest offshore oil platform by China for Saudi Arabia’s Marjan field is a striking testament to the enduring significance of fossil fuels in the global energy landscape. This behemoth, capable of producing millions of barrels of oil daily, stands in stark contrast to the …

Gold price retreated from its intraday high of $2,470 after upbeat US Retail Sales data for July. Traders are widely anticipating the Fed will begin reducing interest rates from September. The July US CPI data boosted confidence that price pressures will return to the desired 2% rate. The US Census …

Oil prices rose on Thursday, bolstered by optimism that potential U.S. interest rate cuts could stimulate economic activity and increase fuel consumption. However, concerns over sluggish global demand limited the gains. By 0348 GMT, Brent crude futures were up 17 cents, or 0.21%, at $79.93 a barrel, while U.S. West …

The US dollar weakened again today as continued signs of cooling inflation diminished expectations for further interest rate hikes. The Dollar Index fell to its lowest level in several days as July’s CPI data reinforced the trend of declining inflation.Key economic indicators will be released today in the US, including …