Commodities

Gold prices rose in Asian trading on Thursday, edging closer to record highs as the U.S. dollar’s rebound cooled ahead of key inflation data. The yellow metal also benefited from safe haven demand, which was bolstered by disappointing earnings from NVIDIA Corporation (NASDAQ:NVDA) that shook global equity markets. Gold Holds …

Oil futures concluded Wednesday’s trading session in the red, influenced by a decline in U.S. oil inventories that was smaller than market expectations. Concerns over Chinese demand also weighed on prices, despite worries about potential supply shortages due to potential reductions in output from the Middle East and Libya.West Texas …

Despite the potential for significant disruptions in Libyan oil supplies and heightened tensions in the Middle East, oil prices have remained relatively stable. Traders have largely discounted the threat of supply shortages, focusing instead on factors such as weak demand from China, the risk of a broader economic slowdown, and …

Gold prices fell on Wednesday, pressured by a stronger U.S. dollar and growing uncertainty ahead of a crucial U.S. inflation report that could influence the Federal Reserve’s decisions at its September policy meeting. Gold Slips But Holds Key Level Spot gold dropped 0.6% to $2,510.39 an ounce by 0953 GMT, …

Oil prices remained largely unchanged on Wednesday, following a significant drop in the previous session that ended a three-day streak of gains. This stability comes amid ongoing concerns about potential supply disruptions from the Middle East and North Africa, as well as lingering worries about global fuel demand. Brent and …

Gold prices continued to climb on Tuesday, buoyed by a weakening US dollar. The greenback has been under pressure amid expectations of a future path for Federal Reserve interest rates and the release of positive economic data that has boosted risk appetite in global financial markets. The US dollar has …

Gold prices slipped in Asian trading on Tuesday, pressured by a strengthening dollar. However, the potential for lower interest rates and ongoing geopolitical tensions kept the precious metal close to its recent highs. Gold Market Performance Spot gold declined by 0.4% to $2,507.15 an ounce, while December gold futures fell …

Oil prices took a step back on Tuesday, following a sharp rally that saw them rise by more than 7% over the previous three sessions. The recent surge was driven by heightened concerns over potential supply disruptions in the Middle East and Libya, prompting traders to reassess the situation. Market …

The US Dollar Index (DXY) initially dipped to new lows near 100.50 on Monday but managed to reverse that decline later in the day, bouncing back toward the 101.00 barrier. Keep an eye on the Consumer Confidence gauge published by the Conference Board and the FHFA’s House Price Index on …

Following Powell’s remarks at Jackson Hole about possible policy easing in September, gold prices surged. Powell mentions labour market-linked concerns as well as inflation management; while some Fed officials reiterate forecasts for rate cuts.US durable goods orders increased 9.9% in July, indicating a robust economy; tensions in the Middle East …