Commodities

Analysts predict that a second Donald Trump presidency after the election on November 5th would be generally negative for the oil market, albeit it would probably have a limited impact. Even while Trump seems to have a more pro-oil and gas agenda than a Democratic contender, it would take a …

Gold prices tumbled on Thursday, dropping over 1.67% to reach their lowest point in two weeks. This decline comes as investors shift their focus from safe-haven assets to upcoming US economic data, particularly the Personal Consumption Expenditure (PCE) data due on Friday. The precious metal is trading at $ 2,357.5 …

Oil prices edged lower on Thursday as concerns over weak demand in China, the world’s largest crude importer, and expectations of a possible ceasefire deal in the Middle East outweighed the previous session’s gains. The gains had been driven by larger-than-expected declines in U.S. crude inventories. Brent crude futures for …

The USD Index (DXY) retreated slightly as the Japanese yen strengthened and US Treasury yields displayed mixed movement. The upcoming release of Q2 Growth Rate data, Durable Goods Orders, and Initial Jobless Claims on July 25 will be closely watched. Forex Space The Japanese yen’s continued appreciation pressured the US …

Oil prices experienced a notable rebound on Wednesday, halting a three-day streak of losses. The uptick in prices was driven by a combination of decreasing U.S. crude inventories and heightened supply risks due to wildfires in Canada. Brent crude futures for September increased by 40 cents, or 0.5%, reaching $81.41 …

Despite a little decline in US Treasury yields, the USD Index saw some gains and returned to the 104.50 region. The preliminary S&P Global Manufacturing and Services PMIs and advanced goods trade balance are due on July 24, with new home sales coming in second. In addition to continuing Monday’s …

Gold prices have risen above $2,400, ending a four-day losing streak due to falling US Treasury yields. Market players are awaiting crucial economic data, including June’s inflation and Q2 GDP, to gauge the Fed’s next move. India’s import tax cut on gold and silver has also boosted retail demand, supporting …

Gold prices saw little movement in Asian trade on Tuesday, hovering near 11-day lows as traders sought further clarity on U.S. political developments and monetary policy ahead of the Federal Reserve meeting next week. Despite a significant drop from record highs reached earlier this month, gold remained relatively stable due …

The critical metals market, the lifeblood of electric vehicles and modern electronics, is engulfed in a bitter competition for supremacy. Western mining companies are on one side, supporting techniques that are ethically and environmentally sound. China, an industrial giant with an unrelenting thirst for output and market dominance, is situated …

Dubai TV hosted Mohammed Hashad, Head of Research and Development at Noor Capital, and a member of the US Association of Technical Analysts, to comment on and shed light on market movements, especially the American markets, which recorded further gains following the assassination attempt on Trump and amid ongoing negotiations …