Commodities

Gold rose in Tuesday morning trading in Asia. The dollar also rose and stabilized after falling during the previous session, which pushed the yellow metal to the highest point in two weeks. Gold futures rose 0.17% to $1,850.94 by 11:10 PM ET, after hitting their highest since May 9 at …

Oil prices fell by nearly a dollar on Tuesday, on fears of a possible recession and restrictions to combat COVID-19 in China, which outweighed the impact of tight global supply and expectations of increased demand for fuel as the summer travel season begins in the United States. Investment banks including …

Gold prices strengthened on Tuesday, with the US dollar falling to its lowest level in a month for the second session in a row, making the yellow metal priced in dollars less expensive for buyers abroad. Spot gold rose 0.3% to $1,858.19 an ounce by 07:57 GMT, after rising to …

Germany announced that the European Union is likely to agree to a ban on Russian oil imports “within days”. At the same time, Moscow said it would work to strengthen its economic ties with China after it fell under the guillotine of Western isolation over its invasion of Ukraine. Ukrainian …

The US dollar weakened on the first trading day of the week, amid a better market sentiment. The EUR/USD pair flirts with 1.0700, helped by ECB Chair President Christine Lagarde. She said she expects the facilities program to end “very early” in the third quarter of the year, leaving policymakers …

The Gold Index advances for the fourth successive trading day and begins the trading week with an upbeat tone but retreats at the 20-day moving average (DMA) at $1856.45. The XAU/USD Index reflects the weak appetite for the US dollar, despite higher US Treasury yields, which are pairing last Friday’s …

In an interview on Dubai TV, Mohammed Hashad, Head of Research and Development Department at Noor Capital and a member of the US Society of Technical Analysts, commented on the latest developments of the financial markets, most notably: In the oil sector, the question is raised whether the market’s current …

Oil prices rose in early trading on Monday as US fuel demand, tight supplies and a slight decline in the dollar supported the market as Shanghai prepared to reopen after a two-month shutdown, raising concerns about a sharp slowdown in growth. Brent crude futures rose 82 cents to $113.37 a …

On Monday, gold prices rose to their highest level in more than a week, benefiting from a weaker dollar, although higher US Treasury yields limited gains for the dollar-denominated yellow metal. And gold rose in spot transactions 0.6 percent to $ 1856.41 an ounce by 0814 GMT. After prices reached …

Oil prices rose in early trading on Monday as US fuel demand, tight supplies and a slight decline in the dollar supported the market as Shanghai prepared to reopen after a two-month shutdown, raising concerns about a sharp slowdown in growth. Brent crude futures rose 82 cents to $113.37 a …