Gold rose on Wednesday, March 17th, hovering near its highest level in more than two weeks, amid expectations of a higher level of inflation, although trading was limited to a narrow range, with investors showing caution before the two-day policy committee meeting of the Federal Reserve. Gold rose 0.3% in …
Read More »Oil Settled as demand Concerns Address a Sudden Drop in US Inventories
Oil prices varied on Wednesday, March 17th, as concerns over volatile demand in Europe addressed hopes for a recovery in US refining activities, while industry data showed that US crude inventories fell unexpectedly last week. Brent futures were down 7 cents, or 0.1%, to $ 68.32 a barrel after initially …
Read More »Oil Maintains Losses for Third Day
Oil prices continued to decline for the third consecutive session on Tuesday, amid concerns about the recovery of the global demand and overcoming the Coronavirus crisis. Brent crude futures finished lower by 49 cents at $68.39 per barrel. Meanwhile, the West Texas Intermediate (WTI) futures plunged by 59 cents and …
Read More »Gold Futures Close at Two-Week High
Gold prices rose on Tuesday to finish at their highest level in about two weeks, supported by expectations that the Federal Reserve policy statement will help lower Treasury bond yields. The yellow metal futures for April delivery rise by $1.70, or 0.1%, to close at $1,730.90 per ounce. This the …
Read More »Gold Rises as US Bond Yields Fall Ahead of a US Fed Meeting
Gold prices rose on Tuesday, March 16th, as US Treasury yields fell, while investors awaited a Fed meeting likely to dispel concerns about rising inflation. The spot price of gold rose 0.2% to $1735.76 an ounce while US gold futures rose 0.4% to $1735.90. The expectations of policymakers at the …
Read More »Oil Falling as Demand Worries Increase on The Increase in Inventories
Oil prices fell for the third session in a row on Tuesday (March 16th), as an increase in stocks in the United States exacerbated concerns about risks facing demand, with countries including Germany and France halting vaccinations to prevent Covid-19. Brent crude fell 49 cents, equivalent to 0.7%, to $ …
Read More »Oil Finishes Lower Despite Positive Demand Outlook
Oil prices continued to decline on Monday, for the second consecutive session, despite positive expectations for global demand recovery, as the U.S. Dollar (USD) continued to show rebound signs, despite the passing of the $1.9 trillion stimulus package. The global benchmark Brent crude futures for May delivery finished lower by …
Read More »Gold Finishes at Highest Level in Two Weeks
Gold futures resumed gains on Monday, after declining on Friday, opening the week with a positive performance and settling at their highest level since the beginning of the month. A decline in Treasury bond yields in the United States and anticipation for the upcoming central bank meeting in the U.S., …
Read More »Brent Crude Heading to $70 as The Outlook For Chinese Energy Demand Improves
Oil prices rose today, and Brent is heading towards the level of seventy dollars a barrel, as data show the acceleration of the Chinese economic recovery at the beginning of 2021, which supports the energy demand of the largest importer of oil in the world. Brent crude for May delivery …
Read More »Gold Gives up Gains Amid Hopes of a Quick Recovery After Chinese Data
Gold prices erased their early gains today, as hopes for a faster economic recovery were supported by better-than-expected Chinese industrial production data, and pressure continued on the metal due to high US bond yields. There was little change in the price of gold in the spot market at $1724.68 an …
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