Commodities

The US dollar climbed against its most major counterparts in the New York session on Friday, as US treasury yields rose amid growing expectations that the Federal Reserve will tighten monetary policy aggressively to curb high inflation.The benchmark yield on the 10-year treasury note spiked up to 2.462 percent. Yields …

The Canadian dollar gains against the USD. It was trading 0.4% higher at 1.2477 to the USD, or 80.15 US cents, after touching its strongest intraday level since Jan. 20 at 1.2471. It was the ninth consecutive day of gains for the Canadian currency, which is the longest winning streak …

Baker Hughes on Friday reported that the number of active US rigs drilling for oil was up by seven to 531 this week. That followed a decline of three oil rigs the week before, Baker Hughes data show. The total active US rig count, which includes those drilling for natural …

Gold (XAU/USD) prices have seen indecisive, two-way price action in recent trade, swinging between the mid-$1940s and $1960s. A sharp rally in US yields to fresh multi-year highs to reflect an upping of hawkish Fed bets as market participants reacted to a chorus of major US banks issues hawkish new …

A Saudi Aramco oil facility located in Jeddah, Saudi Arabia, was hit by a missile launched by Yemen’s rebel Houthi militia on Friday, reports on social media suggested. A Yemeni Houthi spokesperson later said that the group would be announcing more details on a wide operation in Saudi Arabia later …

The Ukrainian government website reported on Friday that the government has removed the requirement to obtain export licenses for corn and sunflower oil for the 2021-2022 season. Ukraine had suspended exports of some grains, salt, sugar, meat and livestock as it battled an invasion by Russian military forces, and loaned …

On Friday, gold is set to achieve weekly gains for the third time in four weeks, as the lack of tangible progress in peace talks between Russia and Ukraine led to a rise in the price of the precious metal, which is considered a safe haven, despite the rise in …

Oil prices fell on Friday as supply concerns eased as European Union countries remained divided over an oil embargo on Russia, while the United States and its allies considered releasing more oil from storage to calm markets. Brent crude futures fell 46 cents, or 0.4 percent, to $118.57 a barrel …

The American dollar finished the day mostly lower across the FX board, although it managed to keep advancing versus the Japanese yen, with USD/JPY hitting a fresh multi-year high of 122.40.The EUR/USD pair is still struggling with the 1.1000 threshold, unable to extend gains beyond the level. GBP/USD settled around …

Brussels agrees on more military aid for Ukraine, but no new sanctions. Activists have made a joint call for a European embargo on Russian oil, gas and coal, as thousands prepare for protests against continued hostilities around the world.On the other hand, Germany’s Olaf Scholz warns immediate Russian energy ban …