Commodities

Texas factory output grew in December at the same pace compared with the previous month, data from a survey compiled by the Federal Reserve Bank of Dallas showed Monday.The production index of the Texas Manufacturing Outlook Survey which is a key measure of state manufacturing conditions, fell slightly to 26.7 …

The XAU/USD Index has advanced by 0.09% as the last trading week of the year kicks in. The market sentiment is mixed, as a result of Omicron fears and transmissibility, despite being less dull.The weekly chart depicts a neutral bias, though a descending triangle has formed, threatening of pushing prices …

Gold prices fell in weak trading on Monday, with the dollar rebounding, although it is still hovering near its highest levels in a week, with increased demand for safe havens due to concerns linked to the pivot omicron. And gold fell in spot transactions 0.1% to $ 1806.60 an ounce, …

Oil prices were mixed on Monday, with Brent crude rising, while US crude futures fell after airlines canceled thousands of flights in the United States over the Christmas holidays amid a surge in Covid-19 infections. US West Texas Intermediate crude futures fell 41 cents, or 0.6 percent, to $73.38 a …

Gold prices stabilized on Monday above the key level of 1,800 dollars an ounce, while a slight decline in US Treasury yields was offset by a rise in the dollar. Spot gold rose 0.1% to $1,809.95 an ounce and has mostly remained above $1,800 since closing above that level for …

The financial markets closed the trading week ending on December 24, with the progress of risk assets, led by global stocks, over the rest of the safe-haven assets, led by the US dollar. Over that week, the main drivers of the markets were the economic data and positive developments regarding …

Gold rose for the second successive week and finished slightly below $1810 after rebounding from $1783. It was unable to hit fresh monthly highs.The precious metal continued to improve its outlook, with a close above the 55-week simple moving average. The upside continues to face resistance around $1810/15. A break …

China’s finance ministry has announced on Friday that they will be extending tariff exemptions on some imported goods from the United States until June 30, 2022. There was no immediate market reaction to this news as trading conditions remain thin on Christmas Eve. From January 2020 through November 2021, China’s …

Brent crude futures fell 1% to $76 a barrel on Friday, coinciding with holiday liquidity tightening and closures due to Omicron as US markets were closed for holidays. Although Omicron has caused some travel restrictions and increased infections, a British health agency said the mutant was less likely to lead …

Russian Deputy Prime Minister Alexander Novak said Friday, December 24, that he expects relatively high gas prices next year, according to the Interfax news agency. Europe relies on Russia to provide about 35% of its natural gas needs, the price of which has risen to an all-time high on the …