Commodities

Gold prices rose on Tuesday, restoring some of its losses yesterday but failed to restore the $1,800 mark, with all eyes on the Federal Reserve policy meeting. With the U.S. Dollar (USD) moving into negative territory during the American session, the yellow metal was able to make some modest gains …

Oil prices stabilized on Tuesday, July 27, as investors bet that tight supply and growing vaccination rates would ease demand from the rise in Covid-19 cases around the world. Brent crude futures were up one cent at $74.51 a barrel. And US intermediate crude contracts fell eight cents, or 0.1%, …

Oil prices recovered from most of its earlier losses on Monday, but showed a mixed performance, with continuous concerns about recovery and the sustainability of production policies. However, most expectations are leaning towards a tight supply until the end of the year. In addition, markets are focusing on the coming …

Gold prices finished below $1,800 and fell to its lowest level in about three weeks, amid anticipation fort the upcoming Federal Open Market Committee (FOMC) meeting by the U.S. Federal Reserve. The policy statement, which is set to be released on Wednesday, will set the tone for markets in terms …

Gold prices surged, boosted by lower US bond yields and worries about higher delta infections, as investors look ahead to this week’s fed meeting. Spot gold rose 0.3% to $1,806.80 an ounce. And US gold futures rose 0.3% to $ 1806.70. The rise in Covid-19 infections continued at the weekend, …

Oil prices fell nearly a dollar on Monday as concerns about demand caused by the spread of mutated strains of the Coronavirus, as well as torrential rains in China, dispelled expectations of tight supplies for the rest of the year. Brent crude futures for September delivery fell 95 cents, or …

Silver finished the week with large losses that are the biggest in five weeks, due to the diminishing demand for safe havens as reflation fears eased and risk appetite improved among investors. The silver metal has now maintained a downward trend for three consecutive weeks. Silver futures lost 14.70 cents …

Oil prices continued to rise on Friday for the fourth consecutive session, scoring their first weekly rise in four weeks, with investors shrugging off concerns about output policy and a slower than expected recovery from the coronavirus crisis. The global benchmark Brent crude futures for September delivery added 31 cents …

Gold prices declined on Friday, extending their weekly decline that snapped a four-week rising streak, amid the rise of the U.S. Dollar (USD) and an improvement in risk appetite among investors, who seem to be less worried about reflation and slow recovery concerns. However, the yellow metal was supported by …

The number of crude oil and natural gas rigs in the United States increased for the fourth consecutive week, data showed on Friday. This is the first time that the total rig count registers four straight weekly rises since May. The total rig count rose by seven to 491 in …