Commodities

The U. S. supports calls for OPEC+ to do more to manage the economic recovery worldwide, a White House official said on Monday, as crude prices hit multi-year peaks. The official noted that Biden’s administration is closely monitoring the cost of oil and gasoline and using every tool to address …

Speaking to Dubai TV on Monday, Mohamed Hashad, Director of Research and Development at Noor Capital, discussed the current situation across global markets, with anticipation for a number of developments over the course of the week. ECB Hashad explained that we had seen a lot of hints from the European …

Crude oil prices have risen to their highest levels in seven years as domestic supply shortages in a number of pockets of the global energy market are intensified by investors seeking protection from “stagflation” by betting on prices that are still higher. Net speculative long positions in crude oil rose …

Gold fell in Monday morning trading in Asia, as the US Federal Reserve is expected to start reducing asset purchases on schedule despite the disappointing data in the latest US jobs report. Gold futures were also down 0.14% at $1,754.95 by 12:14 AM ET, with the yellow metal hitting a …

The NFP report, Friday, crowned all market related news given its impact on the U. S. Fed’s tapering and consequently its impact on the U. S. economy and currency.The Dow Jones Industrial Average hovered around the flatline but finished a volatile week with its strongest gains since June. Volatility returned …

Baker Hughes on Friday reported that the number of active U.S. rigs drilling for oil climbed by five to 433 this week. That followed increases in each of last four weeks. The total active U.S. rig count, which includes those drilling for natural gas, also climbed by five to stand …

The job data announced Friday by the Labor Department imply more dollar-printing from the Federal Reserve until investors have a rethink.While America gained only 194,000 positions in September, upside revisions and silver linings such as temporary Delta-related halts changed the direction.As the expectation for Fed’s tapering has become lower, the …

Gold settled, ahead of the non-farm payrolls data in the United States, as some analysts expect strong data that reinforces bets on scaling back economic stimulus and push the yellow metal further down. And gold rose in spot transactions 0.1 percent to $ 1757.30 an ounce, while US gold futures …

Retailers are racing to import the goods and gadgets for consumers to buy during holiday shopping season, the growing list of shortages has made it difficult for them to find enough stock. Due to inflation concerns, consumers expect higher prices, delays, and opportunistic resellers as Black Friday and Cyber Monday …

Market attention now shifts to the U. S. Nonfarm Payroll data. U. S. Fed Chief Jerome Powell has said that a good employment report could be enough to convince him on tapering.Markets are in a better mood on Thursday, amid news that U. S. Senate’s deal on extending the debt …