February 18, 2022 9:08 am
Spot Gold eased from a fresh 36-week high on Friday, as prospects of a Russia-US meeting next week cooled demand for haven assets. However, the Ukraine standoff has put the metal on course for a third straight week of advance. Yesterday the yellow metal rose above the $1,900 mark for the first time since last […]
Read moreFebruary 17, 2022 9:10 am
Futures on US West Texas Intermediate Crude Oil recovered from a one-week low, registered earlier on Thursday, after a report by Russian state news agency RIA of mortar shelling in Ukraine. Separatists in eastern Ukraine, backed by Russia, accused Kyiv government forces on Thursday of opening fire on their territory four times in the past […]
Read moreFebruary 11, 2022 9:50 am
Spot Gold eased from recent two-week peak on Friday, as the US Dollar firmed and US Treasury yields rose above 2% for the first time in 2 1/2 years on expectations the Federal Reserve will probably raise interest rates in March in response to hot consumer inflation data. Annual CPI inflation in the United States […]
Read moreFebruary 10, 2022 10:21 am
Following a Wednesday rally on the back of a surprise US crude inventory drop, futures on US West Texas Intermediate Crude Oil were in consolidation mode on Thursday ahead of the outcome of US-Iran nuclear talks. A potential agreement could lift US sanctions on Iran’s oil and ease supply tightness worldwide. “The restoration of sanction […]
Read moreFebruary 4, 2022 10:06 am
Spot Gold edged higher on Friday as the US Dollar plummeted to a 2 1/2-week low ahead of the keenly anticipated US Non-Farm Payrolls data, which could affect the Federal Reserve’s hawkish policy stance. Last week the yellow metal registered a 1 1/2-month trough after the US central bank signaled a possible rate hike in […]
Read moreFebruary 3, 2022 10:22 am
Futures on US West Texas Intermediate Crude Oil eased from their recent near 88-month peak on Thursday, as investors took profits and after surprisingly weak US private sector employment data. Still, the market remained supported by tight supply, as major oil producers stuck to their plan to raise output at a moderate rate. Private payrolls […]
Read moreJanuary 27, 2022 10:23 am
Futures on US West Texas Intermediate Crude Oil eased from an 87 1/2-month peak on Thursday, as the US Dollar advanced to a fresh six-week high and US Treasury yields rose after the Federal Reserve signaled a March interest rate hike. The US Dollar Index, which reflects the relative strength of the greenback against a […]
Read moreJanuary 21, 2022 10:19 am
Spot Gold eased from recent two-month highs on Friday, but was still on track to register its second straight week of advance, as US Treasury yields continued to ease, while reducing the opportunity cost of holding the non-yielding metal. US 10-year government bond yields dropped for a third day to 1.788% on Friday, after surging […]
Read moreJanuary 20, 2022 10:24 am
Futures on US West Texas Intermediate Crude Oil eased from recent more than seven-year highs on Thursday, as market players took profits after a month-long price surge. Still, robust demand and short-term supply disruptions continued to provide certain support to the market. “The International Energy Agency said global oil demand is on track to hit […]
Read moreJanuary 14, 2022 10:27 am
Spot Gold was heading for its largest weekly advance since early November, while drawing support from a softer dollar and lower bond yields. Market players awaited the next set of US macro data due out later on Friday for more clues about the Federal Reserve’s tapering timeline. The US Dollar hovered just above a two-month […]
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