Commodities

On Wednesday, gold prices hit a new low, the lowest in 30 months, as the allure of the precious metal was undermined amid the rise in the dollar and US Treasury yields due to expectations of a sharper rate hike by the Federal Reserve. By 0854 GMT, spot gold fell …

Oil prices stabilized on Wednesday as a stronger dollar and rising crude oil inventories offset the decline in US production caused by Hurricane Ian. Brent crude futures rose five cents, or 0.06 percent, to $86.32 a barrel by 0937 GMT, while West Texas Intermediate crude fell nine cents, or 0.1 …

Gold prices fell on Wednesday as the dollar and US Treasury yields rose to multi-year highs after hawkish comments from Federal Reserve officials boosted expectations of a sharp interest rate hike. By 0404 GMT, spot gold fell 0.3 percent to $1,624.12 an ounce, close to the two-and-a-half year low of …

European Commission chief Ursula von der Leyen on Tuesday said the leaks of the Nord Stream pipelines were caused by sabotage.The EU’s official also warned of the “strongest possible response” should active European energy infrastructure be attacked.Ursula von der Leyen spoke to Danish Prime Minister Mette Frederiksen on the sabotage …

Gold is trading at $1629.30 per ounce at the time of writing versus Monday’s closing price of $1622.15. Gold price is relatively higher on the day as markets head into the close of Wall Street. The yellow metal gained ground on Tuesday as bulls moved in at the lowest levels …

Gold prices jumped 1 percent on Tuesday as the dollar weakened, although the Federal Reserve’s expectations of a further interest rate hike kept the precious metal near its lowest level in two and a half years. And the price of gold in spot transactions increased by 1.1 percent to 1639.94 …

Oil prices rose more than 1 percent on Tuesday, after plunging to a nine-month low the previous day, amid signs that the OPEC+ alliance may begin to cut production to avoid a further price collapse. US NYMEX crude rose to levels near $78 a barrel during these moments of trading …

Gold is sliding into fresh lows after being held back by the bears below $1,650 on corrections on Monday. The precious metal dropped to the lowest in more than two years while the US dollar extends its uptrend due to recession-linked fears and rising interest rates. The US bond yields …

Brent crude futures briefly consolidated above the $86 per barrel mark, before the price fell to around $85. At the time of writing, Brent is trading at $85.25 versus Monday’s opening price at $86.11 after departing the eight-month low of $84.6, supported by concerns about further supply disruptions, particularly those …

Brent crude fell below $85 a barrel Monday, September 26th, as recession fears weighed on the US dollar. Brent crude futures fell to around $84.53 early in the day, before recovering to trade around $85.25, and West Texas Intermediate crude futures also retreated from their lowest levels to trade around …