Tag Archives: China

The American WTI crude oil has retreated back towards $110, with oil prices in downturn on deteriorated risk sentiment. But these dips proved attractive to potential buyers as lockdowns ease in China while Russian OPEC output is still negotiated.Updates about an easing of lockdown restrictions in China failed to hold …

Silver price is rallying more than 2% in the day amidst falling US Treasury yields. Market sentiment has improved during the US session, a headwind for the dollar.Silver holds ground for the last two trading days and advances firmly in the US session, almost 2% up, and is closing at …

The GBP/USD is higher by 0.17% in midday US trading session, pulling away from the consolidation between 1.2150 and 1.2250 after travelling from a low of 1.2216 to a high of 1.2296 so far on the day. Global growth concerns have been the main focus at the start of the …

The Gold Index has recovered some ground after earlier slipping below the $1800 mark on Friday, on higher US Treasury yields, which during the session are sliding, thus lifting the prospects of the non-yielding metal. XAU/USD is trading almost flat, around $1811.02 a troy ounce.As for market sentiment, the rhetoric …

Russia’s average production of oil and gas condensate increased by about 1.7 percent on a monthly basis to 1.4 million tons per day (10.25 million barrels per day) in the first half of May, Interfax news agency reported, citing a source. It also said that Russian oil exports – excluding …

On Monday, gold prices fell more than one percent to their lowest levels since late January, as the dollar’s strength continued to affect demand for the yellow metal, which is denominated in the US currency. And gold fell in spot transactions 0.8 percent to $ 1797.82 an ounce (an ounce) …

Gold retreated to the $1,799 level on Friday, the lowest since February 2022. Recovery followed later to find resistance shortly at $1,820. US shares are sharply rising on Friday, on a recovery rally. Crude oil prices also hit gains. US yields settled and the US dollar is correcting lower. Usually, …

The Russian currency has reportedly made large gains in spite of the sanctions imposed on Moscow by the United States and Washington’s allies.The US and EU attempted to cripple the Russian economy, but the value of the ruble is heading up. After two months of imposing state-crushing sanctions, the ruble …

On Thursday, crude oil prices exhibited mixed performance as supply fears as well as geopolitical tensions in Europe got the upper hand over the economic data related fears across financial markets as inflation is soaring globally.Trading has been thin and nobody knows what’s going to move the needle,” said John …

The West Texas Intermediate (WTI) for June delivery has added 1.51 US dollars to briefly touch USD 109.77 per barrel on the New York Mercantile Exchange, later in the day the American crude oil settled at USD 105.71. Oil closed with strong gains on Wednesday, reversing a prior-session selloff after …