Market Update

Gold prices rose on Wednesday, August 4th, supported by the weak dollar, but the rise in precious metal prices remained in a narrow range, as investors awaited indications from the US jobs data regarding the recovery of the labor market. Spot gold rose 0.2% to $1,813.31 an ounce, while US …

US natural gas futures rose, recording their largest one-day gain in nearly two weeks, with expectations of hotter weather conditions continuing over the coming weeks, which tends to increase demand for air cooling. Gas contracts rose to the nearest maturity by 2.3% to settle at $ 4.027 per million British …

Crude oil inventories in the United States fell by 879,000 barrels last week, according to estimates by the American Petroleum Institute (API) released late Tuesday. Meanwhile, the stockpiles of gasoline and distillates declined by 5.8 million and 717,000 barrels, respectively. Official inventory data by the Energy Information Administration (EIA) is …

The New York Stock Exchange (NYSE) closed higher on Tuesday, recovering from yesterday’s losses after struggling for direction earlier in the session, due to pressures on the tech sector. However, Wall Street investors showed more focus towards earnings reports, with an improved sentiment driving the S&P index to a new …

Increasing concerns about the resurgence of the coronavirus pandemic with an increased number of new infections with the Delta variant led oil prices to a second consecutive daily loss on Tuesday. Pandemic-related concerns are leading to mixed expectations about demand recovery as the economic rebound from the coronavirus crisis remains …

Silver prices rose on Tuesday, for the second consecutive session, amid improved demand from investors. Silver front-month contracts added less than a cent, or 0.04%, to finish at $25.566 per ounce. Silver modest gains come despite another decline by gold futures, amid an increase by the U.S. Dollar (USD) and …

Gold prices finished lower on Thursday, amid a fluctuating performance by the U.S. Dollar (USD) that edged higher into the positive territory. The yellow metal’s front-month futures lost $8, or 0.44%, to $1,810.10 per ounce. Since the beginning of the year, gold’s contract has declined by about $83.00 or 4.38%. …

European stocks managed to close higher on Tuesday, with the release of some positive earnings reports by major companies, to log yet another record high closing level. The STOXX Europe 600 Index edged higher by 0.20% to finish at 465.38 points. The French CAC40 index rose by 47.91 points or …

Factory orders in the United States increased by 1.5% in June, official data by the U.S. Department of Commerce showed on Tuesday. Orders for durable goods rose 0.9%, while nondurable goods orders grew by 2.1%. Capital goods orders, excluding aircraft and military equipment, went up by 0.7% in June. The …

The yield on the benchmark 10-year Treasuries traded near 1.18% after dropping to 1.15%, the lowest in nearly 6 months amid weak data and as investors remain concerned about a spike in COVID-19 cases.