Commodities

Gold prices rose on Wednesday, August 4th, supported by the weak dollar, but the rise in precious metal prices remained in a narrow range, as investors awaited indications from the US jobs data regarding the recovery of the labor market. Spot gold rose 0.2% to $1,813.31 an ounce, while US …

US natural gas futures rose, recording their largest one-day gain in nearly two weeks, with expectations of hotter weather conditions continuing over the coming weeks, which tends to increase demand for air cooling. Gas contracts rose to the nearest maturity by 2.3% to settle at $ 4.027 per million British …

Crude oil inventories in the United States fell by 879,000 barrels last week, according to estimates by the American Petroleum Institute (API) released late Tuesday. Meanwhile, the stockpiles of gasoline and distillates declined by 5.8 million and 717,000 barrels, respectively. Official inventory data by the Energy Information Administration (EIA) is …

Increasing concerns about the resurgence of the coronavirus pandemic with an increased number of new infections with the Delta variant led oil prices to a second consecutive daily loss on Tuesday. Pandemic-related concerns are leading to mixed expectations about demand recovery as the economic rebound from the coronavirus crisis remains …

Silver prices rose on Tuesday, for the second consecutive session, amid improved demand from investors. Silver front-month contracts added less than a cent, or 0.04%, to finish at $25.566 per ounce. Silver modest gains come despite another decline by gold futures, amid an increase by the U.S. Dollar (USD) and …

Gold prices finished lower on Thursday, amid a fluctuating performance by the U.S. Dollar (USD) that edged higher into the positive territory. The yellow metal’s front-month futures lost $8, or 0.44%, to $1,810.10 per ounce. Since the beginning of the year, gold’s contract has declined by about $83.00 or 4.38%. …

Crude oil prices reversed course after an early recovery, as concerns about coronavirus restrictions combined with slowing factory activities in key markets weighed on sentiment. Brent crude futures were down 26 cents, or 0.4%, at $72.63 a barrel by 0645 GMT. US West Texas Intermediate crude fell 16 cents, or …

Gold prices fell, moving in a narrow range, as investors held off making big bets focusing on important US jobs data due later in the week, a key indicator of the US Federal Reserve’s stance on policies ahead. And gold fell in spot transactions 0.1 percent to $ 1810.92 an …

Oil prices closed lower on Monday, amid increased concerns about the pace of economic recovery from the coronavirus pandemic with the rising number of infections with the new Delta variant, especially after indicators showed slower growth in activity in the U.S. and China last month. PMI readings in the world’s …

Gold prices finished higher on Monday as the U.S. Dollar (USD) declined across the board with Treasury bond yields falling to their lowest level in about six months. The yellow metal remains supported by the mixed economic data are concerns over the spread of the novel coronavirus Delta variant. Gold …