Commodities

Gold prices rose on Wednesday for the second consecutive session to close at their highest level in about two months, supported by the decline of the U.S. Dollar (USD). The rapid resurgence of the coronavirus with a third wave of the pandemic is increasing demand for safe havens and negatively …

Oil prices fell for a second day Wednesday, April 21, under pressure from fears that the rise in Covid-19 injuries in India will push demand for crude to fall in the third largest oil importer in the world. The price of Brent crude futures for June delivery fell 29 cents, …

Gold prices rose on Wednesday, April 21, hovering near their seven-week highs reached earlier this week, as demand for the safe-haven metal increased due to declining US Treasury revenues. Spot gold rose 0.5% to $1786.80 an ounce, after reaching $1789.77 on Monday, its highest level since February 25. US gold …

Crude oil inventories in the United States are estimated to have increased by 436,000 barrels last week, according to data by the American Petroleum Institute (API) released on Tuesday. Gasoline stockpiles declined by 1.6 million barrels, while distillate inventories increased by 655,000 barrels, for the week ended April 16. Official …

Oil prices declined on Tuesday, as concerns about a new wave of the coronavirus pandemic resurfaced, following a large increase in new cases. Furthermore, the United States Congress is discussing a law that could allow suing the Organization of the Petroleum Exporting Countries (OPEC) on antitrust grounds due to their …

Gold prices rose on Tuesday, as demand for safe havens increased due to sharp declines in the stock market. However, the yellow metal could not recoup all of yesterday’s losses. Despite the rise by the U.S. Dollar (USD), the greenback remains down on a weekly and monthly basis, which provided …

Gold prices fell on Tuesday, April 20, after hitting a seven-week high in the previous session, as US bond yields favored a recovery in the face of support represented by the weakening of the US dollar. Gold fell in the spot market 0.1% to $1768.01 an ounce, after hitting $1789.77 …

Oil prices rose to the highest level in more than Tuesday, April 20, as the decline in the US dollar supported commodities and due to expectations of a decline in crude stocks in the United States, the largest consumer of fuel in the world, but the increase in Coronavirus cases …

Oil prices finished higher on Monday, due to supply disruptions in Libya and expectations for a recovery in the global demand. Brent Crude futures for May increased by 24 cents, or 0.36%, to $67.01 per barrel. Meanwhile, the May West Texas Intermediate (WTI) crude futures gained 25 cents, or 0.4%, …

Gold prices closed lower on Monday, after recording its best weekly performance since December 18 last week. The yellow metal’s decline comes despite the decline of the U.S. Dollar (USD) near its lowest level in about six weeks. Gold futures for June delivery decreased by $9.60, or 0.5%, to finish …