Commodities

Gold prices rose on Tuesday, supported by the surge in U.S. inflation and concerns about the resurgence of the coronavirus (COVID-19) pandemic with the spread of the Delta variant. Today’s gains came despite a mostly positive performance by the U.S. Dollar (USD) with more investors hedging against the rising consumer …

Gold rose in Tuesday morning trading in Asia, settling to a one-week low hit during the previous session. While the dollar weakened ahead of US inflation data that could indicate when the US Federal Reserve is likely to start declining assets. Gold futures were also up 0.24 at $1,810.15, dropping …

Stalled talks among major oil producers about pumping more supplies could deteriorate into a “price war”, the International Energy Agency said Tuesday, July 13, as COVID-19 vaccines drive up crude demand. The agency added that the possibility of a battle for market share threatens markets, even if it is a …

Oil prices rose on Tuesday, July 13 to compensate for most of the losses it incurred the previous day, as the market received support as a result of tight supplies, along with expectations of more withdrawals from US crude stocks, but fears of the spread of Covid-19 strains curbed the …

Oil prices posted on Monday the first decline in three sessions due to the rising concerns about the resurgence of the Coronavirus pandemic with the spread of the Delta variant in many parts of the world. Uncertainty about the pandemic and economic recovery is negatively reflecting on the expectations for …

Gold prices declined on Monday as the U.S. Dollar rose across the board, and amid a rebound in stock markets hitting new record highs with an improvement in risk sentiment among investors, which weighed on the demand for safe havens. In addition, the decline came as a correction movement with …

Oil prices rebounded ahead of the weekend and WTI closed in positive territory, rising more than 3%. On Monday, after rising to $75 during Asian trading hours, WTI fell to 73.14 before recovering slightly. At the time of writing, WTI is down 1.4% at $73.60. In a joint statement published …

Gold prices fell and are heading to record the largest decline in nearly two weeks, with the decline in the metal’s attractiveness due to the recovery of the dollar and stocks. And gold fell in spot transactions 0.4% to $ 1800.96 an ounce. And US gold futures fell 0.6% to …

Oil futures fell on fears of a slowdown in global growth, tipping the scales against a possible tightening of supplies after talks between major producers faltered to increase production in the coming months. Brent crude for September delivery fell 35 cents, or 0.5%, to $75.20 a barrel, and West Texas …

Oil prices continued to rise on Friday for the second consecutive session, as the recent drop in U.S. crude inventories provided support to the outlook despite uncertainty about the OPEC+ agreement, but couldn’t recover all of its weekly losses. Brent Crude futures for September delivery rose $1.43, or 1.93%, to …