After rising for the first session of the week, oil prices returned to losses on Tuesday. The Brent crude futures for November delivery dropped by $1.40, or 3.3%, and closed at $41.03 per barrel. Meanwhile, the US West Texas Intermediate (WTI) crude futures for November delivery closed lower by $1.31, …
Read More »Gold Settles Above $1,900 an Ounce
Gold prices increased on Tuesday for the second consecutive session, restoring the $1,900 per ounce mark. The yellow metal gains were supported by the US Dollar (USD) decline. Gold futures for December delivery gained $20, or 1.1%, and settled at the level of $1,903.20 per ounce.
Read More »Oil Declining And Demand Concerns Outweigh Hopes For US Stimulus
Oil prices fell on Tuesday, September 29, erasing gains from the previous session, while chronic demand concerns due to the Corona pandemic outweighed hopes generated by a new US stimulus package that lawmakers find difficult to agree on. US West Texas Intermediate crude futures fell 34 cents, equivalent to 0.8%, …
Read More »Gold Settles as US Dollar Weakens Ahead of Trump And Biden Debate
Gold prices stabilized on Tuesday, September 29, with the dollar retreating from its highest level in two months, as investors look to the first US presidential debate and the developments of a new bill for coronavirus aid in the United States. There was little change in the yellow metal in …
Read More »Oil Closes Higher on Stimulus Hopes
Oil prices closed higher on Monday, amid increased hopes for a new economic stimulus package in the United States. However, rising concerns about the increasing number of COVID-19 cases in many countries limited the gains of crude prices. Brent crude futures closed higher by 51 cents, or 1.22%, at $42.43 …
Read More »Gold Settles Higher as USD Declines
Gold prices closed higher on Monday, rising in the first session of the week as the US Dollar (USD) declined across the board against major currencies. In addition, political uncertainties and the rising number of COVID-19 cases in many countries are spurring demand for safe havens. Gold futures for December …
Read More »Gold Rises as US Dollar Weakens, Eyes on a debate between Trump and Biden
Gold prices rose on Monday, September 28, as the dollar retreated from a two-month high last week as political uncertainty increased ahead of the first presidential debate between US President Donald Trump and his Democratic rival, Joe Biden. Gold rose in the spot market 0.1% to $ 1861.13 an ounce …
Read More »Gold Futures: Further Rangebound Likely
Open interest in Gold futures markets shrunk by nearly 1.6K contracts on Friday, clinching the second drop in a row in light of preliminary figures from CME Group. Volume, in the same line, went down for the second consecutive day, now by almost 127K contracts.
Read More »Oil Prices Post Weekly Losses
Oil prices declined on Friday, amid concerns about the rising number of COVID-19 cases spurring a negative outlook the global demand recovery. The decline also comes after data showed an increase in active oil rigs in the United States. Brent futures for November delivery closed lower by 2 cents, or …
Read More »Gold Futures Down 5% for the Week
Gold prices closed Friday in decline, extending its weekly losses to its worst level since last March. The yellow metal losses came amid the appreciation of the US Dollar (USD). Gold futures for December delivery decreased by $10.60, or 0.6%, and settled at $1,866.30 per ounce. For the week, the …
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