Commodities

Oil prices declined on Thursday, amid renewed concerns about demand recovery amid a resurgence of the Coronavirus pandemic with a third wave and lockdown measures in Europe. Losses come one day following the rise of oil futures due to supply disruption caused by an incident that affected flows through the …

Gold prices declined on Thursday, as the U.S. Dollar (USD) rose against major rivals supported by the high Treasury bond yields and positive economic data. The yellow metal futures for April delivery closed lower by $8.10, or 0.5%, at $1,725.10 per ounce. Gold has now given up all of its …

Gold prices rose Thursday, March 25th, as an increase in Covid-19 infections in Europe fueled fears about the pace of the economy’s recovery, but the rise of the dollar curbed the gains of the yellow metal. Spot gold increased 0.1% to $1736.51 an ounce and US gold futures rose 0.2% …

Oil prices have fallen by more than 2% as the new general isolation measures aimed at combating the Coronavirus have revived concerns about the demand for oil products, even as boats face difficulties to float a stranded container ship that blocks the route of crude oil tankers in the Suez …

Oil prices surged and closed higher on Wednesday, a day following entering into the correction territory, after an incident in Egypt’s Suez Canal led to concerns about the flow of global crude supplies. Oil stockpiles in the United States rose last week by 1.9 million, the U.S. Energy Information Administration …

Gold prices returned to gains on Wednesday, following two consecutive daily declines, amid increased demand for safe-havens, amid concerns about a third wave of the Coronavirus pandemic and renewed lockdowns in Europe. The rise of the yellow metal futures came despite the rise of the U.S. Dollar (USD) to its …

Oil prices rose in today’s trading by about 3% after a container ship ran aground in the Egyptian Suez Canal and other ships accumulated inside the canal. Brent crude prices rose by about 3% to $62.7 a barrel, and Texas crude prices rose by more than 3% to about $59 …

Gold prices rose on Wednesday, March 24th, as US Treasury yields stabilized near their lowest level in a week, while the metal ignored the dollar’s ​​rise in the wake of the US Federal Reserve’s assertion that the inflation rate will not get out of control. Gold rose in the spot …

Oil prices dropped on Tuesday and entered into a correction wave amid selling pressures and concerns about the outlook for the recovery of the global demand. A third wave of the Coronavirus pandemic and imposing new lockdown measures in Europe are diminishing hopes of a quick economic recovery and a …

Gold prices declined on Tuesday to their lowest level in more than a week, amid a rise by the U.S. Dollar (USD). The Dollar Index (DXY), which measures the greenback’s performance against a basket of six major international currencies, is up by 0.67% at 92.36. Gold futures for April delivery …