Commodities

Gold is trading at $1776.75 per ounce at the time of writing, but the precious metal’s price is attempting to steady ahead of the FOMC minutes. Gold’s selloff might be overdone as prices are not deteriorating despite a surge in global bond yields. UK inflation hit a 40-year high and …

Brent crude rose $1.09, or 1.1%, to $93.45 per barrel by 12:23 p.m. ET (1723 GMT). Earlier in the day, recession worries had pushed the benchmark price to its lowest since February at $91.51. US West Texas Intermediate crude rose $1.39, or 1.6%, to $87.92 per barrel.Crude oil prices rose …

The dollar remained higher against other major currencies on Wednesday, before the release of the minutes of the Federal Reserve’s meeting for the month of July, which may give more indications on the pace of raising interest rates again. The dollar has recouped its losses since lower-than-expected inflation data last …

Gold prices stabilized on Wednesday as investors awaited the release of the minutes of the Federal Reserve’s latest monetary policy meeting, looking for clues regarding interest rates amid signs of easing inflation. And the price of gold settled in spot transactions at 1776.75 dollars an ounce at 0708 GMT, after …

Oil prices fell on Wednesday to their lowest level in six months, as fears of a global recession that would dampen demand overshadowed a report showing a decline in US crude and gasoline stocks. Brent crude futures were down 44 cents, or 0.5 percent, at $91.90 a barrel by 0815 …

Gold price holds lower ground near one-week low after two-day downtrend. Mixed sentiment as well as the pre FOMC Minutes anxiety have kept the Gold Index stuck. Recession-related fears have been renewed and even gained major attention with China, Europe in focus.FOMC Minutes will be eyed closely to confirm 75 …

Western Texas Intermediate crude oil has dropped from 1% to 3%, extending its losses to three consecutive days. Mixed US data and weaker Industrial Production as well as Retail Sales from China keep producers uncertain of total oil requirements. The Iran nuclear deal agreement would free additional crude to the …

The German government plans to keep the last three nuclear power plants operational, the Wall Street Journal reported on Tuesday.After having shut down three of the six remaining power plants back in January, German economy and environment ministers reaffirmed in March that the costs and risks of keeping nuclear facilities …

The dollar rose to a one-week high on Tuesday, August 16, after weak data on the global economy, particularly in China, raised fears of a recession and cast a shadow over currencies such as the Australian dollar. The dollar index, which measures the greenback’s performance against a basket of currencies, …

Gold prices stabilized on Tuesday, as a stronger dollar and fears that the Federal Reserve would raise interest rates again put pressure on US bond yields. And gold settled in spot transactions at $ 1779.39 an ounce, and US gold futures fell 0.1 percent to $ 1795.70. The US 10-year …