Commodities

Gains by the U.S. Dollar (USD) pushed gold prices into a third consecutive decline on Monday, with the yellow metal opening the week on a lower note, amid a weakened demand for safe-haven assets and an improvement in investors’ sentiment. Gold front-month futures declined by $36.60, or 2.08%, and finished …

Oil prices tumbled 4% on Monday, continuing their sharp losses incurred last week against the backdrop of the rise in the US dollar and fears that the global recovery in fuel demand may slow due to new restrictions to confront the pandemic in Asia, especially in China. The sentiment was …

Oil prices fell more than 2% on Monday, extending their heavy losses incurred last week on the back of the rise in the US dollar and fears that the global recovery in fuel demand may be set back due to new restrictions to confront the pandemic in Asia, especially in …

Gold fell to its lowest level in more than four months on Monday, as strong US jobs data fueled fears of an earlier-than-expected interest rate hike, increasing the opportunity cost of holding the non-yielding yellow metal. And gold fell in the spot market 1.1% to 1744.50 dollars an ounce. In …

Oil prices declined on Friday amid concerns about the spread of the Coronavirus Delta variant and a strong surge but the U.S. Dollar (USD) that followed the release of a strong jobs data for July. Oil futures extended their weekly losses and snapped a two-week rising streak. The spread of …

Gold prices finished lower on Friday, as the U.S. Dollar (USD) surged following the release of last month’s strong jobs report. Gold front month futures declined by $45.10, or 2.50%, to close at $1,760 per ounce, losing the key 1,800 level and finishing at its lowest level since April 14. …

The number of crude oil rigs in the United States increased last week, data showed on Friday. Oil rigs rise by two to 387, while natural gas rigs remained unchanged at 103, according to the weekly report by Baker Hughes. The oil rig count is higher by about 34 rigs …

Oil prices extended gains Friday, August 6, but are still on track for their biggest weekly loss since March as travel restrictions aimed at stemming the spread of the delta mutated strain raise concerns about fuel demand. Brent crude futures rose 47 cents to $71.76 a barrel, and US West …

Gold fell on Friday, August 6, to stay near the important level of $1800 an ounce, as it came under pressure from the stronger dollar as investors awaited the US jobs report for indications on the Federal Reserve’s stance on policy. And gold fell in immediate transactions 0.3% to $ …

Oil snapped a three-session losing streak to close higher on Thursday, amid concerns about the spread of the Delta variant of the coronavirus. Brent crude futures for October delivery added 54 cents, or 0.8%, to close at $70.92 per barrel. Meanwhile, the West Texas Intermediate (WTI) crude futures for September …