Commodities

Gold prices rose on Friday for the second consecutive session to expand their strong weekly gains. A fluctuating performance by the U.S. Dollar (USD) and a decline in Treasury bond yields helped the yellow metal notch its biggest weekly rise since the beginning of the year. Gold futures for June …

The number of active rigs drilling for crude oil in the United States increased by seven to reach a total count of 344 this week, according to data by Baker Hughes reported on Friday. With natural gas rigs unchanged, the total rig count went up by seven rigs to 439.

Gold prices stabilized today, Friday, near their highest levels since late February, and is on the path of achieving the second consecutive weekly gain, supported by the decline in US Treasury revenues and the weakness of the dollar. Gold settled in spot transactions at $1,762.70 an ounce, with the beginning …

Oil prices extended their gains today, Friday, and are on a path of achieving a weekly profit of about 7%, with an improved outlook for crude demand and a strong economic recovery in China and the United States, which erased concerns about an increase in Covid-19 infections. With the close …

Copper prices surged on Thursday to their highest level in about a month and a half, amid positive economic data prompting expectations for higher demand, amid concerns about limited supplies of the red metal. Copper futures for May delivery rose by 2.2% to settle at $4.22 a pound, reaching its …

Oil prices rose on Thursday for the fourth consecutive session, supported by an improved outlook for demand recovery this year. Brent crude futures for June delivery added 36 cents, or 0.5%, to close at $66.94 per barrel. Meanwhile, the West Texas Intermediate (WTI) crude futures for May delivery gained 31 …

Gold prices rose on Thursday and saw its best session performance since March, amid a decline in the U.S. Treasury bond yields and fluctuations by the U.S. Dollar (USD). Moreover, rising tensions between the United States and both Russia and China, improved demand for the yellow metal as a safe …

Gold prices rose Thursday, April 15th, supported by the weak dollar and declining US bond yields, while investors awaited the weekly US jobless claims report and March retail sales data for more clarity on the recovery of the world’s largest economy. Spot gold rose 0.5% to $1744.60 an ounce. US …

Oil prices stabilized Thursday, April 15th, to hold near the highest level in a month after jumping about 5% in the previous session after the International Energy Agency and OPEC raised oil demand forecasts as major economies recovered from the pandemic. Brent crude rose 4 cents to 66.62 dollars a …

Oil prices continued to rise in Wednesday, supported by the improved outlook demand from the International Energy Agency (IEA), which raised expectations for global demand for crude this year by 230,000. The IEA expects a 5.7 million-barrel a day growth in the global demand for oil in 2021 compared with …