Commodities

On the first day of trading in 2025, the US dollar surged to the top of the forex pile as wider markets continue to place a strong bet on the safe haven currency. In a world of unstable economic conditions, traders may not be the largest supporters of the US …

Oil prices started 2025 with modest gains on Thursday as investors cautiously assessed China’s economic outlook and fuel demand. President Xi Jinping’s pledge to adopt proactive policies aimed at boosting growth in 2025 provided some optimism to the market. Brent crude futures climbed by 0.21% to $74.80 per barrel, while …

Gold prices inched higher in Asian trading on Thursday, building on their robust performance in 2024 as a softer U.S. dollar lent support. However, investor caution lingered due to the U.S. Federal Reserve’s indications of fewer interest rate cuts in 2025. Spot gold rose by 0.3% to $2,632.82 per ounce, …

The Treasury and State Departments said Tuesday that the Biden administration had placed additional penalties on Iranian and Russian organizations for their efforts to sabotage the 2024 election. In particular, the Treasury Department is enacting new sanctions against the Moscow-based Center for Geopolitical Expertise and its director, Valery Mikhaylovich Korovin, …

XAU/USD is trading above $2,600 per ounce as the year draws to a close, though upward momentum remains limited. Risk-off sentiment spurred by the year-end market slowdown has provided some support for gold prices.Trading activity has been subdued in recent days as investors prepare for the New Year’s holiday, with …

Oil prices concluded 2024 with a second consecutive year of losses, despite a modest increase on Tuesday. While Brent crude futures and US West Texas Intermediate (WTI) crude saw slight gains, they remain below their year-end 2023 levels, indicating a subdued market.The subdued price environment reflects a confluence of factors. …

China’s GDP is projected to grow by approximately 5% in 2024, aligning with the government’s formal growth target, according to President Xi Jinping. This reinforces confidence in the resilience of the world’s second-largest economy despite a year of economic uncertainty. Stability Amid Challenges: Speaking at a New Year event, Xi …

Oil prices rose on Tuesday following news of China’s continued manufacturing expansion in December. However, both Brent and WTI are poised to end lower for the second consecutive year due to demand concerns in key consuming nations. Brent Crude Futures: Increased by 0.8% to $74.56 per barrel. West Texas Intermediate …

Gold prices remained largely unchanged during Asian trading hours on Tuesday, with Spot Gold steady at $2,607.65 per ounce and Gold Futures for February delivery edging 0.2% lower to $2,620.22 per ounce by 00:23 ET (05:23 GMT). Year-end trading typically sees thin volumes, with institutional investors wrapping up positions ahead …

The year 2024 in the oil market was characterized by a perplexing blend of robust demand and lingering uncertainties. While global oil consumption reached a record high, defying expectations amidst concerns about slowing Chinese economic growth, the year ended with prices largely stagnant. Brent crude hovered around $74 per barrel, …