Commodities

Gold prices rose on Tuesday, registering gains for the fourth consecutive session, as the U.S. Dollar (USD) continued to decline against major peers. In addition, the rising consumer inflation in the United States leading to mixed expectations for the interest rates also increased the demand for safe-haven assets. After trading …

The price of gold rose today after the less-than-expected home building permits data. Homebuilding permits decreased to 1,760 million, compared to an expected 1,770 million. Housing Starts fell 9.5% in April. Gold is receiving from the increasing US dollar index its weakness, in light of weak US data, and expectations …

Gold prices rose on Tuesday and reached their highest levels in nearly four months during the session, supported by the weakening of the US dollar and investors’ use of the metal, which does not yield a return, to hedge against rising inflation. Spot gold rose 0.2% to $ 1868.30 an …

Brent crude futures rose above the level of $70 a barrel for the first time since last March, as hopes for a strong recovery in fuel demand after the resumption of economic activities in the United States and Europe were offset by concerns about the spread of Covid-19 cases in …

Oil prices rose on Monday, opening the week with a strong performance amid expectations for recovery from the coronavirus pandemic. Recent media reports suggested that the Indian Prime Minister, Narendra Modi, is going forward with a new construction project named the Central Vista Redevelopment Project, which includes establishing new buildings …

Gold prices rose on Monday to reach a new level that is their highest in about four months, amid a decline in global stock markets and a subsequent increase in the demand for safe haven assets. In addition, a decline in the U.S. Dollar (USD) amid mixed expectations about interest …

Oil prices moved within a limited range today, Monday, after concerns about supplies subsided to support the recovery of a major US pipeline network, but the imposition of new restrictions in Asia amid the escalation of Covid-19 cases affected sentiment. The gasoline shortage plaguing the east coast of the United …

Oil prices finished higher on Friday, managing to register their third consecutive weekly rise. A recent downstream disruption in the United States that resulted from an attack on the Colonial Pipeline, which led to fears about a drop in the demand for crude oil by refineries, appears to be at …

Gold prices rose on Friday, as the U.S. Dollar (USD) declined, further increasing their second consecutive weekly gains. The yellow metal futures managed to finish the week at their best level in about three months. It is worth noting that a recent surge in Treasury bond yields, due to fears …

The number of active rigs drilling for crude oil and natural gas in the United States rose by five to 453 this week, according to data by Baker Hughes on Friday. The weekly report indicated that the oil rig count increased by eight to 352 this week, as natural gas …