November 12, 2021 10:02 am
Spot Gold eased on Friday as the US Dollar advanced to highs not seen since July 2020. Still, the yellow metal looked set to register its second straight week of gains, since concerns over rising US CPI inflation added to Gold’s appeal as an inflation hedge. US consumer prices rose at an annual rate of […]
Read moreNovember 11, 2021 9:37 am
Futures on US West Texas Intermediate Crude Oil were mostly steady on Thursday. That followed a sharp drop in the previous session due to concerns rising inflation in the United States, driven by a surge in energy costs, may urge the government to release more strategic crude stocks to push prices down. US consumer prices […]
Read moreNovember 5, 2021 10:24 am
Spot Gold extended gains from a day ago on Friday and looked set to register a weekly gain after two major central banks took no action on interest rates despite rising inflationary pressures, which added to the appeal of the precious metal. An environment of low interest rates tends to keep the opportunity cost of […]
Read moreNovember 4, 2021 10:02 am
Futures on US West Texas Intermediate Crude Oil rebounded from a three-week low on Thursday ahead of a meeting of the Organization of the Petroleum Exporting Countries and allies (OPEC+) later in the day, where producers are expected to reiterate plans to maintain monthly supply increases steady. Oil was nursing losses earlier following news that […]
Read moreOctober 29, 2021 9:12 am
Spot Gold remained stuck within a narrow trading range on Friday ahead of the key US PCE inflation report. Still, the precious metal looked set to register its third consecutive week of gains, as the US Dollar hovered above a fresh one-month low and US 10-year Treasury yields were on track for their largest weekly […]
Read moreOctober 28, 2021 9:43 am
Futures on US West Texas Intermediate Crude Oil retreated to a two-week low on Thursday following a larger-than-anticipated surge in US crude oil stocks. In addition, a surge in COVID-19 cases in western Europe, record deaths and the prospect of lockdown restrictions in Russia as well as new outbreaks of coronavirus infections in China threatened […]
Read moreOctober 22, 2021 9:02 am
Spot Gold was poised to register its biggest weekly gain since late August, as the US Dollar continued pulling back from the recent one-year peak, making the commodity more attractive for international investors holding other currencies. However, a sharp increase in 10-year US Treasury yields so far in October has capped Gold’s upside, as it […]
Read moreOctober 21, 2021 10:03 am
Futures on US West Texas Intermediate Crude Oil eased on Thursday, as some investors took profits following the recent market rally. However, oil losses seemed to have been limited by strong US demand and a switch to fuel oil from coal and gas. Oil prices reached fresh multi-year highs this week due to a global […]
Read moreOctober 15, 2021 9:34 am
Spot Gold looked set to register its best weekly performance since late August, as the US Dollar eased from one-year highs, while making the commodity less expensive for international investors holding other currencies. According to Michael Langford, director at corporate advisory AirGuide, the yellow metal should settle around $1,800, but it was not likely to […]
Read moreOctober 14, 2021 9:27 am
Futures on US West Texas Intermediate Crude Oil rose over 1% on Thursday, after an industry report showed a larger-than-expected drop in US fuel stocks. Additionally, expectations that rising natural gas prices ahead of the winter period will probably trigger a switch to oil to meet heating demand also supported the market. The American Petroleum […]
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