Commodities

Gold prices rose on Wednesday with the decline of the U.S. Dollar (USD) after data showed that inflation in the United States registered 5.4% in July. The yellow metal managed to close higher for the second consecutive day, registering its highest gains since July 29. Gold front-month futures gained $21.60, …

Oil prices declined on Wednesday after data showed a decline in U.S. crude inventories last week. Earlier, the U.S. Energy Information Administration (EIA) reported that crude inventories in the United States fell by 400,000 barrels last week. Meanwhile, gasoline stockpiles declined by 1.4 million barrels and distillate inventories increased by …

Oil fell below $70 a barrel, pressured by a CNBC report that the White House will call on OPEC and its allies to boost production in an effort to stem rising gasoline prices. And the price of Brent crude is up 35% since the beginning of this year, supported by …

Oil rose towards $71, as signs of increased fuel demand in the United States offset concerns about travel restrictions in Asia due to the spread of the Delta strain. Sector data showed a decline in US crude and gasoline stocks last week, while the US Energy Information Administration said that …

Gold prices rose, as fears of a rise in covid-19 cases with the mutated strain of the Coronavirus outweighed pressures from the rise in the dollar and bond yields, while investors awaited inflation data in the United States due to being released later today. Spot gold rose 0.2% to $1,732.61 …

Oil prices closed higher on Tuesday for the first time in three sessions, amid improved expectations for demand recovery after the U.S. Senate passed a huge infrastructure package. Brent crude oil futures for October delivery gained $1.59, or 2.30%, to close at $70.63 per barrel. The West Texas Intermediate futures …

Gold prices rose on Tuesday, despite the rise of the U.S. Dollar (USD) across the board, with investors tempted by the relatively low levels that the yellow metal has reached following recent declines. Gold front-month futures closed higher by $5.40, or 0.31%, at $1,728.8 per ounce. This market the largest …

Oil prices rose more than one percent, offsetting some of the losses incurred in the previous session when prices hit their lowest level in three weeks, but the gains were likely limited by fears that the rise in Covid-19 cases and the imposition of restrictions in China will negatively affect …

Oil prices declined on Monday for the second consecutive session to reach their lowest level in about three weeks. The decline comes amid a rise by the U.S. Dollar (USD) and concerns over the spread of the Delta variant of the Coronavirus, with some Asian countries restoring lockdowns and other …

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 …