October 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 […]
Read moreOctober 8, 2021 8:50 am
Spot Gold was mostly steady within a tight daily range on Friday as market focus sets on the US Non-Farm Payrolls report due out later in the day. Some analysts project strong data will add to the case for the Federal Reserve to begin tapering monetary stimulus and mount pressure on the yellow metal. “Gold’s […]
Read moreOctober 7, 2021 8:38 am
Futures on US West Texas Intermediate Crude Oil retreated for a second straight trading day on Thursday after a surprise increase in US crude oil stocks raised concerns over weaker demand. The official report by the US Energy Information Administration (EIA) showed yesterday that crude oil inventories had risen by 2.346 million barrels to 420.8 […]
Read moreOctober 1, 2021 8:49 am
Spot Gold eased from a one-week peak on Friday, as the US Dollar hovered just below a fresh one-year high, mounting pressure on the dollar-priced commodity. A stronger dollar makes Gold more expensive for international investors holding other currencies. Still, a drop in US 10-year Treasury yields limited losses for the yellow metal. “The gold […]
Read moreSeptember 30, 2021 8:45 am
Futures on US West Texas Intermediate Crude Oil rose on Thursday, recouping part of the loss from Wednesday following a surprise increase in US oil and fuel inventories. The official report by the US Energy Information Administration (EIA) showed yesterday that crude oil inventories had risen by 4.578 million barrels to 418.5 million barrels during […]
Read moreSeptember 24, 2021 9:57 am
Spot Gold rebounded from a six-week low on Friday, as concerns over indebted property developer China Evergrande supported demand for the safe-haven metal, while the US Dollar eased from recent one-month highs. “Asian investors could be building gold to protect against undesirable developments in the Evergrande saga over the weekend,” Jeffrey Halley, a senior market […]
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