Commodities

Several gold investors were frustrated with gold’s price action so far in 2022 as the prices declined nearly 5%. However, commodity analysts at Bank of America have a slightly more optimistic view of the precious metal.In a report Monday, the analysts said that in the current environment, gold prices are …

Oil prices rose on Monday after Iran’s nuclear talks appeared to have reached a dead end and with the implementation of a Russian oil ban imminent, scarce supplies struggled to meet still-strong demand. Brent crude futures rose 88 cents, or 1 percent, to $93.72 a barrel by 1100 GMT. US …

Gold prices rose more than 1% on Friday, September 9, to reach their highest level in more than a week, as a weak dollar boosted demand for the yellow metal, even as US Reserve policymakers pledged to raise interest rates to tame inflation pressures. Spot gold rose 1.1% to 1726.80 …

With a new trading week, geopolitics could impact financial markets on two fronts, firstly; on the Chinese front, US President Biden is pondering an executive order to screen and restrict US overseas investment in technology development in China. The Chinese embassy in Washington said, Friday, that Beijing opposes the order, …

Oil prices surged about 4% on Friday, boosted by real as well as threatened cuts to supply, although futures posted a second weekly decline as aggressive interest rate hikes and China’s COVID-19 curbs weighed on the demand outlook.Russian President Vladimir Putin has threatened to halt oil and gas exports to …

As the US dollar trims losses on Friday amid risk appetite and a rebound in US yields, the Gold Index is hovering around $1710.Gold turned to the downside again after approaching the $1730 area and pulled back sharply toward $1710, erasing daily gains on Friday. The stabilized dollar and rebounding …

Gold prices rose more than 1 percent on Friday to its highest level in more than a week as a weak dollar boosted demand for the yellow metal, even as Federal Reserve policymakers pledged to raise interest rates to tame inflation pressures. And gold rose in spot transactions 1.1 percent …

Oil prices rose on Friday, boosted by investor interest in Russia’s threat to halt oil and gas exports to some buyers, but crude is set for a second weekly decline as demand is affected by large interest rate increases by central banks and the impact of coronavirus-related restrictions in China. …

Crude prices edged higher by about 1% on Thursday after abandoning a seven-month low in the prior session as some technical traders bought the dip and Russia threatened to halt oil and gas exports to some buyers.That price increase came despite a surprise size of US crude inventories, news that …

Belgian Prime Minister Alexander De Croo warned that Europe is in need to immediately act to address the energy crisis or risk the kind of fundamental economic shutdown that the bloc would struggle to recover from.“A few weeks like this and the European economy will just go into a full …