Commodities

On Friday, financial markets witnessed some kind of improvement in risk sentiment and a correction of the US dollar. The euro is still headed toward the lowest weekly close since December 2002.Economic Data Risk sentiment is the key market mover on Friday. Economic data from the US showed a larger-than-expected …

Gold retreated to the $1,799 level on Friday, the lowest since February 2022. Recovery followed later to find resistance shortly at $1,820. US shares are sharply rising on Friday, on a recovery rally. Crude oil prices also hit gains. US yields settled and the US dollar is correcting lower. Usually, …

Oil prices surge for a third straight session on Friday, with front-month WTI future last trading higher by close to $3.0 in the mid-$109.00s per barrel, more than $11 higher than mid-week lows in the $98.00s. The rally on Friday was partially spurred by a rebound in global equity markets …

Oil prices continued to rise on Friday, but were heading for their first weekly loss in three weeks, as concerns about inflation and slowing global growth due to the closures in China to combat the pandemic outweighed the impact of concerns about dwindling fuel supplies from Russia. Brent crude futures …

The Russian currency has reportedly made large gains in spite of the sanctions imposed on Moscow by the United States and Washington’s allies.The US and EU attempted to cripple the Russian economy, but the value of the ruble is heading up. After two months of imposing state-crushing sanctions, the ruble …

The US dollar index surged on the back of prevalent risk aversion. Panic selloff hit US equities and a broad crash impacted most cryptocurrencies, meanwhile massive quantitative tightening signals attracted the attention of traders, investors and market participants. Monetary policymakers recurrently hint at measures set to trench liquidity.Economic Data There …

On Thursday, crude oil prices exhibited mixed performance as supply fears as well as geopolitical tensions in Europe got the upper hand over the economic data related fears across financial markets as inflation is soaring globally.Trading has been thin and nobody knows what’s going to move the needle,” said John …

Russian sanctions on Poland’s key pipeline are expected to limit Europe’s ability to import Russian natural gas if Ukrainian pipes go down. The Russian measures are also expected to put additional pressure on US natural gas producers as Russia is intended to cut Off Supplies to Europe.As Europe races to …

Gold price is losing 1.60% on Thursday, falling from a high of $1,858.87 to a fresh cycle low of $1,822.27. The US dollar is bid and climbed to fresh two-decade highs on Thursday as investors flock to the safe-haven currency in the face of surging inflation.Wednesday’s data bolstered market’s expectations …

Oil prices fell more than 1% on Thursday in a volatile week, as economic concerns and fears of a recession weighed negatively on global financial markets, outweighing concerns about supplies and tension in Europe. Brent crude futures fell $1.25, or 1.2 percent, to $106.26 a barrel by 0303 GMT. US …