On Wednesday, gold prices fell to their lowest in nearly two weeks, weighed down by persistently higher US bond yields and the dollar. By 0741 GMT, spot gold fell 0.4 percent to $ 1941.40 an ounce, and US gold futures fell 0.7 percent to $ 1944.80. On Tuesday, the price …
Read More »US natural gas contracts jump 7%
The prices of US natural gas contracts rose to their highest level in nearly 14 years when settling Monday’s trading, in conjunction with a drop in temperatures in the United States and the continued weakness of global supplies due to the Russian-Ukrainian war. Expectations have increased about the high demand …
Read More »Oil prices rebound after heavy losses, amid fears of a lack of supply
On Wednesday, oil prices made up for the heavy losses incurred in the previous session, with attention focused on the short supply from Russia and Libya, while data showed a decline in US inventories last week. Brent crude futures rose 66 cents, or 0.6 percent, to $ 107.91 a barrel …
Read More »Market Drivers – US Session – 19 April
Money flowed out of bonds again, sending the 10-year Treasury yield higher by 4 basis points to 2.9%. The bond market continues to price in aggressive rates by the Federal Reserve this year.Economic DataHousing Starts rose by 0.3% in March, taking the rolling 12-month number of starts to 1.793M, above …
Read More »Crude Oil Gets Lower As WTI Reverses Down
Crude Oil has been bullish since US WTI crude reversed from $-37.50 two years ago. It headed toward $100 where it traded for some time, but the conflict in Ukraine last month sent it surging higher, especially when the US president Joe Biden decided to place sanctions on Russian oil. …
Read More »Gold slides to multi-day low, eyes $1,950 amid stronger USD
Gold extended the previous day’s retracement slide from the vicinity of the $2,000 psychological mark and witnessed some selling on Tuesday. The intraday downfall picked up pace during the early North American session and dragged spot prices to a four-day low, around the $1,957 region in the last hour. The …
Read More »OPEC+ supply gap widens in March as sanctions hit Russia’s production
A report from the OPEC + group seen by Reuters showed that the production of the alliance of oil producers was less than production targets in March by 1.45 million barrels per day, with the beginning of a decline in Russia’s production after the sanctions imposed by the West. The …
Read More »Gold is falling with the rise of the dollar
Gold prices fell on Tuesday as the dollar rose on expectations that prices may in the near term retest the resilience of the yellow metal at the key level of $2000 an ounce. Spot gold fell 0.2 percent to 1975.36 dollars an ounce, and US gold futures fell 0.4 percent …
Read More »Gold Expected To Recapture $2000 Mark Despite Buoyant Us Yields, Stronger USD
The Gold Price remains poised to recapture $2,000, and trades around 1.0% higher on the day. Elevated inflation, recession risks and the Russia-Ukraine war continue to boost the precious metal safe-haven appeal.This week’s speech from Fed Chair Jerome Powell will keep precious metal traders on their toes. Gold prices came …
Read More »Gold prices rise to the highest level in a month as the Ukrainian crisis continues
Gold prices jumped about 1 percent to their highest level in more than a month on Monday, as concerns about the economic fallout from the Russia-Ukraine war and rising inflation pushed investors to the precious metal as a safe haven. And the price of gold in spot transactions reached 1993.28 …
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