Commodities

The US dollar has been the most prominent winner, and performed up against all major rival currencies. US Treasury yields soared to fresh highs with the yield on the 10-year note reaching 1.856% and that on the 2-year note surpassing 1%, and consequently impacting gold prices. At $1,813.56, gold is …

Shares of the mining and trading giant hit highest since 2012 as demand prospects fuel talk of years-long commodity super-cycle.Commodities giant Glencore Plc hit the highest in almost a decade, driven by rallies in everything from metals to coal and optimism for a years-long super-cycle.The world’s biggest commodity trader surpassed …

After hitting multi-year highs near the $86.00 per barrel level, WTI has since backed off to trade around $85.00. Market commentators have attributed rising geopolitical tensions in the Middle East as behind the latest push higher.After hitting multi-year highs early on during the European trading session near the $86.00 per …

US Treasury yields jumped overnight with the interest-rate sensitive 2-year printing a fresh 23-month high of 1.05%, while the benchmark 10-yearhit 1.83%, a level last seen in January 2020. Market expectations that the Federal Reserve will hike rates four times this year, by 25bps each time, and that the central …

Gold prices fell marginally during trading today, Tuesday, amid the rise in the yield on US 10-year Treasury bonds to the highest level in two years, and with the follow-up to developments in monetary policy. Investors’ eyes are still heading towards the Federal Reserve’s monetary policy meeting, scheduled for the …

Director of Research and Development at Noor Capital and member of the US Association of Professional Technical Analysts, Mohamed Hashad, was interviewed Monday morning by Dubai Channel to comment on the most outstanding developments in the financial markets during the second week of 2022, as oil continued to reap gains …

Amid holiday-thinned trading conditions with US markets shut for MLK Day, oil prices have been broadly stable on the first trading session of the week, with front-month WTI futures subdued near $84.00 per barrel.Prices hit a fresh two-month high in the $84.70s early on during Asia Pacific trade, but profit-taking …

Oil prices rose on Monday, with Brent futures reaching their highest levels in more than three years, as investors bet that supplies will remain limited due to pressures on production from major producers, while global demand was not affected by the spread of the new mutant Omicron from the Coronavirus. …

Sometimes, rumours take part in shaping the market’s overall mood even partially, though such rumours have no relation to reality. Something of this kind seems to have happened last week. The EUR/USD pair has been in a sideways trend since November, fluctuating in the range of 1.1220 – 1.1385.   …

Gold retreats for the second straight day as worse than expected US economic data dominated news headlines; US retail sales dropped the most in 10-months and the US 10-year T-bond yield hits 1.771%, weighing on the non-yielding metal.The precious metal slips for the second-consecutive day amid dismal US economic data …