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Commodities

Gold Falls With Dollar In Favor

Gold prices fell on Wednesday, as the dollar rose after preliminary results from the US presidential elections showed a close convergence than expected. US President Donald Trump winning in Florida and advancing in several other states. Gold Spot fell 0.5% to 1898.97 dollars an ounce, reducing losses by more than …

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Oil Posts First Gain in Four Days

Oil prices rose for the first time in four sessions, supported by expectations that the OPEC+ alliance will continue the current output cuts for longer than previously estimated. Brent crude futures for January delivery rose by $1.03, or 2.7%, to close at $38.97 per barrel. Meanwhile, the West Texas Intermediate …

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Gold Finishes Higher for Second Day

Gold prices rose on Monday for the second consecutive session, amid increasing uncertainty about the second wave of the COVID-19 pandemic and the US elections. The yellow metal futures for December delivery closed higher by $12.60, or 0.7%, at $1,892.50 per ounce. This comes after gold futures recorded an 0.8% …

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