Commodities

Oil prices fell on Tuesday, after the imposition of new restrictions to contain Covid-19 in China and fears of a global economic slowdown affected the outlook for fuel demand. The price of benchmark Brent crude in September contracts fell by $1.81, or 1.7 percent, to $105.29 a barrel, and West …

Gold settled on Tuesday, with lower yields on US Treasuries, which boosted demand and offset the impact of a stronger dollar that pushed gold to a nine-month low earlier. And gold settled in spot transactions at $ 1733.59 an ounce by 0740 GMT, after hitting its lowest level since September …

Gold price is struggling to find a way out by surrendering the critical support of $1,730.00 as the US Dollar Index, on Monday, prints a fresh 19-year high at 108.27 on expectations for higher US Inflation.Gold is also displaying subdued performance and the volatility prior to the release of the …

Gold fell on Monday as the dollar settled near a 20-year high, continuing to pressure demand for dollar-denominated gold. The price of gold fell 0.1 percent to $ 1740.16 an ounce by 0045 GMT. US gold futures fell 0.2 percent to $1,739.50. The dollar has stabilized near its highest level …

Oil prices fell nearly $1 on Monday in choppy trading after worries about a recession and China’s restrictions to combat COVID-19 outweighed persistent concerns about a supply shortage. Brent crude futures were down 82 cents, or 0.8 percent, at $106.20 a barrel. US West Texas Intermediate crude futures fell $1.04, …

Gold is correcting from a significant sell-off in the week ahead of NFP. The bulls eye a 50% mean reversion but it all comes down to key data on Friday. Despite gold kicking off the second half of the year with a drop below $1,800 per ounce, Bloomberg Intelligence sees …

US crude oil prices reclaim the $100 level on supply issues. Russia’s halt of a Kazaks terminal cut supply by 1.2 million BPD.Oil prices rise on Thursday, jumping from weekly lows around $95.13, as the US dollar retraces from two-year highs and recession fears abate. At the time of writing, …

The American Petroleum Institute said that crude oil inventories rose by 3.8 million barrels in the week ending July 1. In its weekly report, the American Institute stated that gasoline stocks fell by 1.8 million barrels last week, and distillate stocks fell by 635,000 barrels. The release of the inventories …

The head of the International Monetary Fund on Wednesday said the outlook for the global economy had darkened significantly since April and she could not rule out a possible global recession next year given the elevated risks.Recession-linked fears are still accelerating and leading the way across all financial markets and …

The USD/CAD pair remains pressured around 1.3030, extending the previous day’s pullback from the highest levels since late 2020, as traders pare USD gains amid a quiet Asian session on Thursday. It is worth noting that the bounce in the prices of Canada’s main export item, WTI crude oil also …