March 1, 2024 8:11 am
Spot Silver was little changed not far from a three-day high of $22.785, after the latest US data implied price pressures were easing, while expectations of a Fed interest rate cut in June remained largely unaffected. The US core PCE Price Index, the Federal Reserve’s preferred measure of inflation, rose 2.8% YoY in January, in […]
Read moreFebruary 26, 2024 9:04 am
Futures on US West Texas Intermediate Crude Oil retreated for a second straight trading day on Monday, as the US Dollar remained firm on prospects that higher-than-expected inflation could delay potential interest rate cuts by the Federal Reserve. Markets are now expecting that the US central bank will not begin reducing interest rates until its […]
Read moreFebruary 21, 2024 8:23 am
Spot Silver rose on Wednesday on the back of a softer US Dollar and also underpinned by safe haven buying, as focus sets on the minutes of the Federal Reserve’s January policy meeting due out later in the day. The FOMC minutes could provide more clues regarding the timing of the central bank’s potential interest […]
Read moreFebruary 12, 2024 8:48 am
Spot Gold traded mostly flat at the start of an eventful week, as market focus sets on the US consumer inflation data and on speeches by a host of Federal Reserve officials. At least 7 Fed representatives are scheduled to make speeches this week, following last week’s remarks that the US central bank wants more […]
Read moreFebruary 8, 2024 10:11 am
Futures on US West Texas Intermediate Crude Oil rose for a fourth straight trading day on Thursday, as Israel rejected a ceasefire offer from Hamas, while US gasoline stocks decreased last week. Israel’s Prime Minister Benjamin Netanyahu has rejected Hamas’ most recent offer for a ceasefire and return of hostages held in the Gaza Strip. […]
Read moreFebruary 7, 2024 8:23 am
Spot Silver fell on Wednesday, erasing gains from the prior trading day while hovering above a two-week low ahead of speeches by Federal Reserve officials throughout the week that could provide further clues on the timing of potential interest rate cuts. Yesterday Fed representatives said that if the economy performed in line with expectations, this […]
Read moreJanuary 29, 2024 8:26 am
Spot Gold surged on Monday, underpinned as a safe haven by mounting worries over situation in the Middle East. Geopolitical risks heightened after 3 US service members were reportedly killed in an unmanned aerial drone strike on US forces located in northeastern Jordan. Risk aversion was also bolstered after a court order to liquidate property […]
Read moreJanuary 25, 2024 10:40 am
UK’s Drax said that it intended to establish an independent business with a focus on delivering large-scale and high-integrity carbon removal. The new entity will be operationally separate within the Drax Group and will be based in Houston, US. The business will be headed by Laurie Fitzmaurice, a senior energy infrastructure expert who has almost […]
Read moreJanuary 24, 2024 10:48 am
The International Energy Agency said in a report on Wednesday that power generated from low-emissions sources – wind, solar and nuclear, would be sufficient in order to meet growth in global demand over the upcoming three years. The IEA said that electricity generation from low-emissions sources would account for nearly 50 percent of global power […]
Read moreJanuary 19, 2024 8:48 am
Futures on US West Texas Intermediate Crude Oil were on course to register a 1.9% weekly advance, as market players continued weighing geopolitical tensions and latest oil supply projections. Yesterday Pakistan launched strikes on separatist militants on Iranian soil in retaliation two days after Tehran said it had hit the bases of another group in […]
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