Commodities

The price of gold fell on Friday, due to the impact of the rise in the dollar and US Treasury bond yields on the demand for the precious metal priced in the US currency, and prices are heading for the largest weekly decline since mid-May. And gold fell in spot …

Yield curve inverts in the US, signaling at least economic slowdown and hinting at the possibility of recession or a big decline in economic growth globally and in the domestic economy at most.Monetary policy decisions by major central banks round the globe triggered some sort of panic and risk aversion, …

US President Joe Biden may use the Cold-War era “Defense Production Act” To stimulate fuel production. Several US news reports have said that Biden is open to using all possible cards and reasonable tools the federal government has to increase fuel production and lower fuel prices for Americans, including the …

“There is no need for Russia to cut its oil output,” Russian Deputy Prime Minister Alexander Novak told RBC media on Thursday.“OPEC+ role is on the rise due to uncertainties with demand and supply in China, Iran, Libya and Venezuela,” Novak added. “We don’t have plans to switch to an …

Gold rises to the highest level in four days, eyes $1850 and silver erases losses, approaching Wednesday’s high near $21.90.US yields slide as demand for Treasuries picks up amid risk aversion. Gold gained momentum boosted by a context of risk aversion and a weaker US dollar. XAU/USD rose from under …

Oil prices pared earlier gains and fell on Thursday, after a day of sharp declines caused by US interest rate hikes, but the attention was still focused on the supply shortage. Brent crude futures fell 45 cents, or 0.4 percent, to $118.06 a barrel, while West Texas Intermediate crude futures …

An OPEC+ document seen by Reuters and citing secondary sources showed on Thursday that Russia’s crude oil production rose to 9.273 million barrels per day in May from 9.159 million in April. Total production by members of the Organization of the Petroleum Exporting Countries (OPEC) and their allies including Russia, …

Central banks are inside the storm amid global tenacious high inflation. The US Fed was the star of Wednesday’s interest rate show. Fed decided to hike rates by 75 bps, the largest since 1994, but dismissed the chances of a 100 bps hike. Fed Chair Powell said it was the …

Gold price witness a firmer rebound after hitting a low of $1,815.00 in the late New York session as the Federal Reserve dictated a 75 basis point rate hike after its two-day policy discussion meeting. Fed chair Jerome Powell went beyond his words, took 75 bps into the consideration, and …

Gold is poised for another downside but a short squeeze is not off the table. The Fed at the top of the hour is expected to seal the deal one way or another.As per the pre-open analysis on gold for the week, Gold, Chart of the Week: XAU/USD bulls need …