Commodities

As US Treasury yields decline and the US dollar fluctuates, gold prices climb. Treasury yields’ decline supports Gold’s rise, but the US Dollar Index’s slight increase opposes it. Tuesday’s US data was mixed, with lower consumer confidence and higher durable goods orders influencing the overall market sentiment. Although the price …

Oil prices showed little change on Tuesday following a rise in the previous session, as investors weighed mixed expectations amidst Russia’s supply cuts in response to recent Ukrainian attacks on Russian refineries. However, a slight decline in the dollar provided some support to the market. In Monday’s session, Brent crude …

Gold prices remained steady on Tuesday as investors shifted their attention to upcoming US inflation data, which could offer insights into the timing of potential interest rate cuts by the US central bank. Spot gold settled at $2,170.59 per ounce by 0310 GMT, while US gold futures dipped 0.2 percent …

The USD Index (DXY) declined from recent highs during the week’s bearish opening, although it continued to trade over the 104.00 mark. The Conference Board’s tracking of US Consumer Confidence, together with the FHFA’s House Price Index and Durable Goods Orders, will be the main topics of interest on March …

Official delegates said on Monday that OPEC as well as the larger OPEC+ see no need to adjust or suggest a change of the oil production policy that is currently in place during the looming the Joint Ministerial Monitoring Committee meeting for March. OPEC and allies chose to voluntarily decrease …

At the beginning of the week, oil prices surged by more than 1.30%, with WTI Oil finding support at $80.63. The US Dollar Index is a little weaker but still trades above 104.00. Russia faces issues from sanctions and drone attacks from Ukraine on Russian refineries and storage facilities, while …

Oil Prices Inch Up Amid Global Supply Concerns Early Asian trading on Monday saw a modest rise in oil prices, driven by mounting worries over global supply shortages amidst escalating conflicts in the Middle East and the ongoing Russia-Ukraine war. Additionally, a decline in the number of American oil exploration …

Global inflation-linked concerns, lest it should return to the previous highs, continue to reveal themselves in the context of the precautionary rhetoric adopted by major central banks worldwide. In practice, monetary policymakers have announced, through formal decisions, their intention to keep interest rates “higher for longer”, an important tool, until …

Gold has been declining since the beginning of daily trading on Friday, under pressure from the rise in the US dollar, which continues to benefit from the positive US data that was released on Thursday.The US manufacturing PMI rose to its highest level in three years this March. US home …

Oil prices found stability on Friday, with Brent crude hovering above the $85 per barrel mark, buoyed by growing optimism about a potential ceasefire in Gaza. Brent crude futures remained virtually unchanged at $85.76 per barrel, while US West Texas Intermediate crude futures edged up slightly to $81.08 per barrel …