Commodities

Gold prices stabilized on Wednesday as the dollar weakened after the US Federal Reserve raised interest rates by a quarter of a percentage point in a widely expected move. And the price of gold in spot transactions rose 0.1 percent to $ 1920.45 an ounce (an ounce) at 1920 GMT, …

The XAU/USD Index has climbed near $1,930.00 after the announcement of the Fed’s monetary policy. An aggressive hawkish stance from the Fed has failed to deter gold bulls. The DXY has slipped near 98.40 in absence of an aggressive interest rate hike by the Fed. Gold prices have rebounded sharply …

The Gold Index is eroding support at $1,900 on a 9% reversal from $2,065 highs. Gold’s spikes down to $1,894 lows after Fed’s rate hike. Muted reaction after the Federal Reserve confirms market expectations. Gold futures have spiked down to fresh two-week lows at $1,894 per troy ounce on Wednesday …

The International Energy Agency said on Wednesday that three million barrels per day of Russian oil and its products may not reach the market by the beginning of April, in the wake of Russia’s invasion of Ukraine. “Of the cutback, we see a reduction in total exports of 2.5 million …

The US dollar started the day on the back foot but managed to recover the ground lost during US trading hours. The EUR/USD pair is trading at around 1.0940, while GBP/USD changes hands at 1.3035.Economic DataCanada’s benchmark index extended losses for a third straight session on Tuesday, as weakness in …

The FOMC has an unenviable task of trying to guide monetary policy through a period of turbulence. The March 15-16 meeting will be essential to communicate its present action and set the monetary policy path and tone for the future.Leaning the stance of individual policymakers will matter more than usual …

Mykhailo Podoliyak, one of the representatives of Ukraine at Russian-Ukrainian negotiations, has said, ”We’ll continue tomorrow. A very difficult and vicious negotiation process. There are fundamental contradictions. But there is certainly room for compromise. During the break, work in subgroups will be continued”.Russia lobbed more missiles into Kyiv, amid heightened …

The euro zone economy is still set for robust growth this year, even if war in Ukraine is going to be a drag via high commodity prices, European Central Bank President Christine Lagarde said on Tuesday.“If the baseline scenario of the staff projections materializes, the economy should still grow robustly …

The gold price is down 1.5% after falling from a high of $1,954.72 to a low of $1,907.08, slipping below a critical level on the daily chart with the downside now fully exposed. The price of oil has been falling and markets are volatile ahead of tomorrow’s US Federal Reserve …

Tesla is raising prices for its entire electric car lineup – a move that came days after CEO Elon Musk warned the firm was under “significant” inflationary pressure given the rising cost of key commodities following the Russian invasion of Ukraine.For example, Tesla’s cheapest available car, the Model 3 with …