Commodities

Gold prices rose on March 9th, as the metal was boosted by a drop in US Treasury yields, after the previous session recorded its lowest level in nine months. The spot price of gold was up 0.7% to $1692.21 an ounce. Prices were down more than 1% on Monday to …

Oil prices retreated on Monday after jumping earlier in the session above $70 a barrel for the first time since the start of the Coronavirus crisis, following attacks on Saudi oil facilities. Brent crude futures, the world record, ended the trading session down $1.12, or the equivalent of 1.61%, to …

Oil prices declined on Monday for the first time in five sessions after briefly rising due to fears about geopolitical tensions. Brent crude futures for May delivery lost $1.12 or 1.6%, to close at $68.24 per barrel. The global benchmark futures exceeded $71.3 per barrel yesterday, trading higher than $70 …

Gold prices declined on Monday to their lowest level in about a year, as the U.S Dollar (USD) and Treasury bond yields continued to rise strongly, supported by expectations of economic recovery, especially after the Senate passed the $1.9 trillion stimulus package. The yellow metal futures for April delivery dropped …

Brent crude futures rose above $70 a barrel today, Monday, for the first time since the outbreak of the Covid-19 pandemic, while US crude touched its highest level in more than two years, following reports of attacks on Saudi facilities. Brent contracts for May delivery reached $71.38 a barrel in …

Gold rebounded today from its lowest level in nine months recorded last week, with the decline in bond yields and the approval of a huge US stimulus package to increase the attractiveness of the metal as a hedging tool in the face of inflation. Gold rose in the spot market …

Oil prices rose on Friday, reaching their highest levels since 2019, supported by the extension of the OPEC+ output cuts. The Organization of the Petroleum Exporting Countries (OPEC) and its partners, forming an alliance known as OPEC+, agreed on Thursday to extend most crude oil production cuts until the end …

Gold prices declined on Friday, extending their weekly losses as the U.S. Dollar (USD) strengthened and higher Treasury yields continued to drive away demand from the yellow metal. The first week of March continues on the negative performance of last month, as February saw the worst performance for gold futures …

The number of active oil and natural gas rigs in the United States increased by a single one this week, data by Baker Hughes showed on Friday. The total rig count in the U.S. stands at 403, 390 rigs less than the same time of last year. The oil rig …

Gold fell today to its lowest level in nearly 9 months and is heading towards a decline for the third week in a row, as the dollar and bond yields rose after statements by Federal Reserve Chairman Jerome Powell, who said that the increase in returns does not disturb the …