Commodities

Investors and traders are paying attention to oil prices ahead of the summer driving and travel season amid a mix of optimistic expectations, well-founded fears and high demand for fuel.Optimism about OPEC+ trendsOil recently achieved its first weekly gains in a month, supported by reports and data that injected more …

Gold prices have continued to decline since the beginning of trading on the first day of the new week’s trading, following in the footsteps of commodities that took a downward trend since the opening bell.Spot gold contracts fell to $2,318 per ounce, compared to the previous daily close, which recorded …

Investors and traders kept a close eye on the US inflation figures as well as the FOMC meeting in June. Due to the Fed’s aggressive approach, selling transactions took hold of gold prices immediately following the announcement that US interest rates would remain steady. Prior to the announcement of the …

Oil prices experienced a slight decline in early Thursday trading, reacting to the U.S. Federal Reserve’s decision to postpone interest rate cuts and growing concerns over ample U.S. crude and fuel stocks. Brent crude futures dipped 0.5% to $82.23 per barrel, while U.S. West Texas Intermediate (WTI) crude futures fell …

Recent economic news and headlines have been dominated by data and concerns related to US inflation. The negative surprise of the US CPI in May caused the US dollar to rapidly revert its recent positive trend, although the hawkish stance taken by the Federal Reserve helped the USD Index (DXY) …

On Wednesday, WTI started to rise and peaked at about $79 per barrel. This came after May’s consumer price increases were less rapid than anticipated, according to positive inflation data. This raised expectations that the Federal Reserve (Fed) will lower interest rates in September.Those expectations were short-lived, though, as Fed …

Gold surged after the release of US CPI data, which showed price rises slowing in May. This suggests that the Federal Reserve may cut interest rates sooner than expected, lowering the opportunity cost of holding Gold. Gold could experience more volatility after the Fed policy decision is announced on Wednesday. …

Gold prices held steady in Asian trade on Wednesday, hovering around the crucial $2,300 support level as traders awaited further clarity on U.S. monetary policy from the Federal Reserve’s meeting and upcoming inflation data. Recent Decline and Support Level: The yellow metal has experienced a sharp decline in recent sessions …

Positive sentiment prevails in the US economy, as evidenced by the May NFIB Small Business Optimism Index exceeding expectations. Upcoming data, including the Consumer Price Index (CPI) and the Federal Open Market Committee’s (FOMC) monetary policy decision with its “dot plot,” are likely to influence gold prices as inflation concerns …

Oil prices edged lower on Tuesday, as market participants adopted a cautious stance in anticipation of crucial U.S. inflation data and the outcome of the Federal Reserve’s policy meeting. These events are poised to offer valuable insights into the trajectory of inflation and its subsequent impact on fuel demand. Brent …