Commodities

Optimism on the US economy dived to an 18-month low as omicron infection levels exploded in addition to the hot inflation hitting unprecedented highs according to the latest IBD/TIPP Poll.The major shift came among investors, who are suddenly feeling more bearish about the US economic scene than they have been …

WTI crude oil has pulled back from session highs above $80.00 as US equities came under selling pressure at the opening of the North American session.Crude oil is expected to continue to perform better than equities, which are suffering from the Fed’s hawkish policy, if the demand outlook remains strong.Amid …

Gold prices rose on Tuesday, January 11th, supported by a decline in the dollar and US Treasury yields, as investors awaited the release of inflation data for December, this week, which may support a decision by the Federal Reserve to raise interest rates sooner than expected. And the price of …

The US dollar seesawed between gains and losses, attempting to find a clear direction and led by US Treasury yields once again. As the 10-year U.S. Treasury yield spiked to start 2022, investors have been rotating into more cyclical and value names. On Monday, the 10-year climbed as high as …

Oil prices weakened Monday as supply problems in Kazakhstan and Libya eased, while concerns grew about the rapid rise of Omicron cases in China, the second largest economy in the world. West Texas Intermediate, the benchmark for US crude, settled down by 67 cents, or 0.9%, at $78.24 per barrel. …

The majority of grocery stores have had trouble stocking up during the pandemic due to shortages of supplies and labour. Omicron is adding to the present trouble. Canceled flights, bare shelves at grocery stores, reduced bus schedules and schools closed due to staff shortages are only a few examples.The rapid …

Pressured by the rise of the US dollar, gold reversed its uptrend on Monday to record a drop to 1793 dollars per ounce, compared to the last closing, which recorded 1795 dollars per ounce.The precious metal rose to its highest level throughout the first trading session of this week at …

Oil prices rose Monday, January 10, as supply disruptions in Kazakhstan and Libya offset fears stemming from the rapid global rise in infections with the mutated Omicron strain of the coronavirus. Brent crude rose 16 cents, or 0.2%, to $81.91 a barrel, while US West Texas Intermediate crude rose 15 …

Gold settled on Monday near its lowest level in three weeks, as traders awaited US inflation data for the month of December, which may boost expectations that the Federal Reserve will raise interest rates sooner than expected after weak data on the US employment rate. There was little change in …

The last trading week ended with a decline in the US dollar as risk appetite improved with optimism around Omicron, in addition to data out of the USA. As a result, the dollar index, which measures the strength of the US currency against a basket of currencies, fell to 95.7. …