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Commodities

Gold Closes at Six-Week High

Gold prices rose on Thursday to their highest level in about six weeks as the U.S. Dollar (USD) plunged amid expectations of a rise in inflation. In addition, a decline in the benchmark U.S. 10-year Treasury bond yields contributed to the yellow metal gains. Gold futures for June ended rose …

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U.S. Natural Gas Storage Rises

Natural gas inventories in the United States increased by 20 billion cubic feet (bcf) last week, according to data by the U.S. Energy Information Administration (EIA). The EIA weekly report showed on Thursday that natural gas supplies reached 1.784 trillion cubic feet, decreasing by 235 bcf compared with the same …

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Oil Finishes on Mixed Note

US Oil (

Oil prices showed a mixed performance on Wednesday, as the global benchmark crude futures rose amid positive expectations for economic recovery around the world, while the U.S. oil futures declined following a surge in fuel stockpiles. Brent crude futures for May delivery rose by 42 cents, or 0.67%, to $63.16 …

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