Commodities

Oil prices fluctuated on Tuesday, recovering from losses before giving up some of its daily gains, but managed to close higher with markets anticipating the coming OPEC+ decision on production policy. Concerns over the rising number of coronavirus (COVID-19) cases in a number of countries continue to limit the effect …

Gold prices finished lower on Tuesday, as the U.S Dollar (USD) and Treasury bond yields rebounded from recent declines. However, the yellow metal was able to recover from session lows but still closed at its lowest level since April 14. Front Month Gold futures for July delivery lost $17, or …

Gold prices fell on Tuesday, June 29, hovering near the lowest level in a week, which it reached in the previous session, as it was pressured by the rise of the dollar and fears that the US Federal Reserve will tighten its monetary policy earlier than expected. Spot gold fell …

Oil prices fell for a second session on Tuesday, June 29, on concerns about slowing growth in fuel demand, as the outbreak of the most contagious delta from Covid-19 imposes new restrictions on movement around the world. Brent crude futures were down 26 cents, or 0.4%, at $74.42 a barrel, …

Oil prices declined on Monday and closed at their lowest level in more than a week, with markets awaiting the outcomes of the coming OPEC+ meeting. Uncertainty regarding production policies coupled with concerns over the rising number of COVID-19 cases in some countries are weighing on energy markets. The OPEC+ …

Gold futures finished higher on Monday, as the U.S. Dollar (USD) showed a relatively weak performance at the beginning of the week. Markets are anticipating key economic data this week, with some analysts seeing the yellow metal possibly restoring the $1,800 level. Gold futures for August delivery gained $2.90, or …

Despite the trend of oil prices to reach about $ 75 a barrel, shale oil producers in the United States are fulfilling their pledges to maintain the current level of spending and production stability, unlike what happened during previous booms. In the past, the rise in crude oil prices, as …

Oil prices touched high levels not recorded since October 2018, and then fell from them, at a time when investors focus on the OPEC meeting this week, while the differences between the United States and Iran over the revival of the nuclear agreement continue, delaying the increase in Iranian oil …

Oil prices rose on Friday, extending gains for the fifth consecutive week due to expectations for demand recovery. Brent crude futures for August delivery rose by 62 cents, or 0.82%, its biggest rise since June 21, to close at $76.18 per barrel, rising by $2.67, or 3.63% for the week. …

Gold prices rose modestly on Friday, as the U.S. Dollar (USD) declined across the board, finishing the week higher for the first time in four weeks. The rise in U.S. inflation provided support for gold amid mixed expectations for interest rates. Gold futures for August delivery gained by $1, or …