Commodities

Gold remains firm in the aftermath of another US strong jobs report issued last Friday. News headlines on war crimes and the potential for more sanctions in the context of East Europe’s tensions are set to keep haven flows strong.Hawkish Fed backdrop is increasingly weighing on the upside momentum of …

Gold prices rose on Monday, as demand for the safe-haven metal was boosted by the war in Ukraine and risk aversion in broader stock markets, but its gains were limited by a rise in US Treasury yields after strong jobs data in March. And gold rose in spot transactions 0.1 …

Gold prices stabilized on Monday, April 4th, with the US dollar and US bond yields rising after strong jobs data raised expectations for a sharp interest rate hike. There was little change in the price of gold in spot transactions at 1922.43 dollars an ounce. US gold futures rose 0.2% …

Oil prices topped $105 a barrel on Monday, as concerns persisted about tight supplies due to Russia’s invasion of Ukraine and a deal on Iran’s nuclear deal despite countries withdrawing from strategic oil reserves. The invasion of Ukraine in February sharply exacerbated already existing supply concerns and raised oil prices. …

GBP/USD fell during US trade on Friday, as the US dollar strengthened versus the majority of its G10 counterparts. following strong US economic data.The US dollar benefitted from a surge in US yields, particularly at the short-end of the curve. The bond market moves reflected a market interpreting Friday’s data …

Baker Hughes on Friday reported that the number of active US rigs drilling for oil was up by two to 533 this week. That followed a climb of seven oil rigs the week before, Baker Hughes data show. The total active US rig count, which includes those drilling for natural …

Gold slumps for the third day of the week amid an upbeat market mood and rising US yields. The Gold Index (XAU/USD) slides as the second quarter begins, down some 0.64% in the North American session. The Russia-Ukraine tussles, elevated global inflation, and rising US Treasury yields, keeping the non-yielding …

US liquefied natural gas (LNG) exports rose nearly 16% last month to a record high, according to preliminary Refinitiv data, with shipments to Europe continuing to dominate.US LNG is in high demand as European countries try to cut gas imports from Russia following its invasion of Ukraine while also looking …

Commodities wrapped up their best quarter in over 32 years in the aftermath pf Russia’s invasion of Ukraine supercharged a rally in markets from oil to wheat and nickel.The commodities’ rally extends last year’s rebound, which was driven by higher consumer demand for goods and services when the economy reopened …

Oil prices fell on Friday, ahead of a meeting of member states of the International Energy Agency to discuss the withdrawal of strategic oil reserves, coinciding with a massive planned withdrawal of reserves in the United States. Brent crude and US West Texas Intermediate crude are heading for their biggest …