Gold prices fell on Monday, April 12th, under pressure from rising US Treasury bond yields and the dollar, after better-than-expected US economic data increased the possibility of a rise in the rate of inflation. This fell in the spot market 0.4% to 1735.90 dollars an ounce. And gold fell in …
Read More »Gold Declines to Limit Weekly Gains
Gold prices declined on Friday, as the U.S. Dollar (USD) rose across the board supporting by rising Treasury bond yields. Today’s decline limited the yellow metal’s weekly gains Gold futures for June delivery decreased by $13.40, or 0.8%, to close at $1,744.80 per ounce. For the week, gold’s most-active contracts …
Read More »U.S. Oil Rigs Unchanged for the Week: Baker Hughes
The number of active rigs drilling for crude oil and natural gas in the United States increased by two this week, raising the total rig count to 432, according to data by Baker Hughes on Friday. The weekly report showed that the number of oil rigs remained unchanged at 337, …
Read More »Gold Falling After Promising Data From China, But it is on The Way to Achieve a Weekly Rise
Gold prices fell on Friday, April 9th, as strong economic data from China boosted hopes for a quick recovery, but the yellow metal is on track to rise by more than 1% per week with the dollar and US Treasury yields falling from their recent high levels. China’s factory-gate prices …
Read More »Gold Closes at Six-Week High
Gold prices rose on Thursday to their highest level in about six weeks as the U.S. Dollar (USD) plunged amid expectations of a rise in inflation. In addition, a decline in the benchmark U.S. 10-year Treasury bond yields contributed to the yellow metal gains. Gold futures for June ended rose …
Read More »U.S. Natural Gas Storage Rises
Natural gas inventories in the United States increased by 20 billion cubic feet (bcf) last week, according to data by the U.S. Energy Information Administration (EIA). The EIA weekly report showed on Thursday that natural gas supplies reached 1.784 trillion cubic feet, decreasing by 235 bcf compared with the same …
Read More »Oil Prices decline Post The US Data
Crude oil prices fell on Thursday after official data showed a significant increase in US gasoline stocks, which raised concerns about weak demand in the world’s largest oil consumer as crude supplies rose around the world, and Brent crude fell 51 cents, or 0.8%, to $62.65 a barrel. The price …
Read More »Oil Falling After US Gasoline Stocks Rose, Contrary to Expectations
Oil prices fell on Thursday, April 8th, after official data revealed that US gasoline stocks rose significantly, raising concerns about weak demand in the world’s largest consumer of crude at a time when supplies rose around the world. Brent crude fell 51 cents, or 0.8%, to $ 62.65 a barrel. …
Read More »XAU/USD Near Two-Week Peaks
Gold rose and reached peaks during the early European session today, with the bulls making a fresh attempt to break a strong barrier near $1.745-46. After falling yesterday, the yellow metal managed to regain some positive momentum on Thursday and the US dollar tried to take advantage of the modest …
Read More »Oil Finishes on Mixed Note
Oil prices showed a mixed performance on Wednesday, as the global benchmark crude futures rose amid positive expectations for economic recovery around the world, while the U.S. oil futures declined following a surge in fuel stockpiles. Brent crude futures for May delivery rose by 42 cents, or 0.67%, to $63.16 …
Read More »