Commodities

Ahead of President Joe Biden’s virtual summit with Chinese President Xi Jinping, tens of businessmen are calling on Joe Biden to remove tariffs on China to help ease historic levels of inflation.The business community warned tariffs on China and retaliatory levies are hurting U. S. companies, industries and families by …

Relations between the UK and EU have been tattered due to the brinkmanship over the British threats to trigger an emergency clause known as Article 16 of the Northern Ireland Protocol. European Commission’s Maros Sefcovic said the EU will consider all tools at its disposal if the UK Government triggers …

Director of Research and Development at Noor Capital and member of the American Association of Professional Technical Analysts, Mohamed Hashad, was a guest on Dubai Channel to comment on the most outstanding developments in the financial markets today and throughout the current week. US-China Virtual Summit in Spotlight The markets …

Gold prices fell Monday, November 15, retreating from their highest level in more than 5 months in the previous session, as cautious investors assessed whether rising inflation would trigger a more aggressive response from central banks. Spot yellow metal prices fell 0.3% to $1858.73 an ounce, while US gold futures …

The “Big Short” movie star Michael Burry returned to Twitter Friday. After earlier remarks about inflation, SEC and Fed policies, the movie star who is also CEO of Scion Asset Management says that Elon Musk has wrong calculations and had it not quite right with his Rivian comments. Earlier in …

A handful of bearish factors are driving oil prices lower, with both WTI and Brent set for a third successive weekly loss.While crude prices have been relatively range-bound recently, hovering within the $80-85 per barrel range, they are expected to suffer their third weekly decline in a row. Yet, beyond …

Some investors bet that Rivian can become the next Tesla, whose own market cap stands above $1 trillion, while others say It is a bad bet.U. S. Electric automaker Rivian closed trading yesterday with value nearing $105 billion, two days after completing the largest U.S. IPO since Alibaba in 2014. …

Leaders of the Asia-Pacific Economic Cooperation (APEC) forum vowed on Friday to address economic recovery in the region by shoring up supply chains.The summit is tackling labour issues and continuing to respond to the COVID-19 pandemic. The summit is held amid heightened U.S.-China tensions.Biden and Xi expected to meet virtually …

Baker Hughes on Friday reported that the number of active U.S. rigs drilling for oil rose by four to 454 this week. That followed increases in each of the previous two weeks, including a climb of six oil rigs last week, Baker Hughes data show. The total active U.S. rig …

XAU/USD prices have recovered back to trading flat on the day, having at one point prior to the U. S. open been trading with losses of nearly 1.0%. Gold appeared to find good demand at $1850 as gold bulls and those seeking inflation protection bought the dip.As Fed encounters pressure …