Commodities

Gold prices closed lower on Monday, opening the week with a negative performance, due to the rise of the U.S. Dollar (USD). The yellow metal has limited its monthly gains, after recent fluctuations. Gold futures for April delivery finished lower by $24, or 1.4%, at $1708.2 per ounce, its lowest …

Oil fell by more than 2% on Monday, March 29th, after news from the Suez Canal that rescue crews managed to move the giant container ship that has been blocking the vital global trade corridor for nearly a week. Brent crude fell $1.38, equivalent to 2.1%, to $63.19 a barrel. …

Oil futures rose on Friday, as a stranded ship continues to block the Suez Canal, one of the world’s major trade routes, thus disrupting the flow of large crude supplies. However, crude prices finished the week in losses, amid concerns about the resurgence of the Coronavirus pandemic through a third …

Gold prices rose on Friday, despite the stability shown by the U.S. Dollar (USD), amid increased demand from investors for safe havens. However, the yellow metal was unable to recover its weekly losses, most of which resulted from the rise of the USD and the high Treasury bond yields. Gold …

The number of active rigs drilling for crude oil and natural gas in the United States increased by six this week to 417, data by Baker Hughes showed on Friday. The rig count is now lower by 311 rigs compared with the same time of last year. It is worth …

Oil prices rose today by about 2%, to rebound due to fears that the float of a giant, stranded container tanker, impeding the movement of navigation in the Suez Canal, may take weeks, which may put pressure on the supplies of crude and refined products. But prices are still heading …

Gold prices stabilized today, as high US revenues and concerns about the global economic recovery following the rise in COVID-19 infections across Europe offset the rise of the dollar, but the yellow metal is still on the path of recording its first weekly decline in three weeks. There was little …

Oil prices declined on Thursday, amid renewed concerns about demand recovery amid a resurgence of the Coronavirus pandemic with a third wave and lockdown measures in Europe. Losses come one day following the rise of oil futures due to supply disruption caused by an incident that affected flows through the …

Gold prices declined on Thursday, as the U.S. Dollar (USD) rose against major rivals supported by the high Treasury bond yields and positive economic data. The yellow metal futures for April delivery closed lower by $8.10, or 0.5%, at $1,725.10 per ounce. Gold has now given up all of its …

Gold prices rose Thursday, March 25th, as an increase in Covid-19 infections in Europe fueled fears about the pace of the economy’s recovery, but the rise of the dollar curbed the gains of the yellow metal. Spot gold increased 0.1% to $1736.51 an ounce and US gold futures rose 0.2% …