Commodities

Oil prices declined on Thursday for the third consecutive session, with expectations that progress in talks between the United States and Iran regarding the nuclear deal might lead to lifting sanctions, thus increasing market supplies. Brent crude futures for July delivery fell by $1.55, or 2.3%, to finish at $65.11 …

Gold prices rose on Thursday, recovering from a brief earlier decline, extending its rising trend to the sixth consecutive session. This is the longest rising streak for the yellow metal contracts since the beginning of the year. Gold is maintaining its gains despite the improvement in risk sentiment, as evident …

Gold prices increased on Wednesday, extending their gains to reach a fresh level that is the highest in four months, and logging its fifth consecutive daily rise. The yellow metal gains come before the release of the United States Federal Reserve’s April meeting minutes. Gold is gaining ground on the …

Oil prices fell on Wednesday, following the release of the weekly inventories report from the United States Energy Information Administration (EIA). Data by the EIA showed an increase in U.S. crude stockpile, which prompted a decline in oil prices to their lowest level in roughly three weeks, despite the decline …

Gold prices rose on Wednesday, recovering from earlier losses on the back of a decline in the U.S. Dollar (USD) nearing its fifth consecutive daily rise. The yellow metal futures remain near their highest level in about four months ahead of the release of the U.S. Federal Reserve’s April meeting …

Gold prices rose on Wednesday, May 19, hovering near their highest levels in four months, supported by the dollar’s decline, ahead of the release of the minutes of the latest US Federal Reserve policy meeting, which is expected to shed more light on policymakers ’views on inflation. Spot Prices rose …

Oil prices fell for the second consecutive session on Wednesday, May 19, due to renewed demand concerns with the rise in cases of Coronavirus in Asia and fears of high inflation, which may push the US Federal Reserve to raise interest rates, which may limit economic growth. Brent crude futures …

Oil prices declined on Tuesday, as media reports pointed to expectations of a rise in output as talks continue regarding the Iran nuclear deal. In addition, data by the American Petroleum Institute (API) estimated that crude oil inventories in the United States rose by 620,000 barrels last week. Gasoline inventories …

Gold prices rose on Tuesday, registering gains for the fourth consecutive session, as the U.S. Dollar (USD) continued to decline against major peers. In addition, the rising consumer inflation in the United States leading to mixed expectations for the interest rates also increased the demand for safe-haven assets. After trading …

The price of gold rose today after the less-than-expected home building permits data. Homebuilding permits decreased to 1,760 million, compared to an expected 1,770 million. Housing Starts fell 9.5% in April. Gold is receiving from the increasing US dollar index its weakness, in light of weak US data, and expectations …