Commodities

The world economy is encountering a significant increase in forces resulting in simultaneous increase in inflation and stagnation of economic output, as surging energy prices boost inflation and, accordingly, slow the recovery from the recession that has been among the major impacts of the pandemic.Crude pushed past $80 for the …

Gold rose in Tuesday morning trading in Asia. However, a stronger dollar and higher US Treasury yields capped the yellow metal’s gains, and investors are waiting for more clues from US Federal Reserve officials about when they will start reducing asset purchases and raising interest rates. Gold futures were also …

With a small gain, gold futures settled on Monday, as Treasury yields eased back from their highest levels during the trading session.Bearish elements, such as the hawkish comments from the Federal Reserve last week and expectations for interest rate hikes, have been a prevalent factor governing the market’s sentiment.Investors do …

The executive director of the Port of Long Beach warned on Monday of an industry crisis over supply chain disruptions.Mario Cordero, the official who is in charge of the largest container port complex in the United States, said that the supply chain is definitely disrupted and has been for some …

Oil prices rally as supply and demand conflict with West Texas Intermediate up near to 2% on the trading day.WTI crude expects substantial buying flow according to the Commodity Trading Advisor, supporting higher prices.WTI is currently trading at USD 75.33 and is higher by 1.85% from as low as USD …

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. Fed The recent Federal Reserve decision was one of the most prominent headlines on …

Gold prices fell on Monday, September 27, due to the rise in US bond yields and the rise of the dollar, while investors awaited statements by policymakers at the US Federal Reserve in search of indications of when to reduce the fiscal stimulus measures taken to mitigate the consequences of …

The gold market will have to encounter a real test next week, as holding the $1,700 per ounce level. This will be critical for the precious metal, which has stayed largely above that level since the beginning of 2021 till date.Even with China’s Evergrande fears worrying the markets, gold failed …

Market sentiment dampened the appetite for high beta currencies like the Canadian dollar, so, the USD/CAD pair has dropped 40-pips on the back of the climb to new monthly highs recorded by West Texas Intermediate crude oil.In the next week, the Canadian GDP report will be the major focus of …

The U. S. dollar rose to 110.79 Japanese yen from 110.24 yen. The euro fell to USD 1.1716 from USD 1.1747.U.S. crude oil for November delivery rose 68 cents to USD 73.98 per barrel on Friday. Brent crude oil for November delivery rose 84 cents to USD 78.09 per barrel.Wholesale …