February 27, 2025 11:04 am
Key moments March natural gas futures fell 1.7%, dropping 6.9 cents as contracts near expiration. April futures declined 1.5%, settling at $4.07 per mmBtu. Increased U.S. natural gas output and milder temperatures are expected to reduce withdrawals from storage facilities. New York’s energy futures markets observed a notable downturn in natural gas futures, as increased […]
Read moreFebruary 27, 2025 9:43 am
Key moments The US dollar has gained 0.2% against rival currencies, putting pressure on gold prices. Several Federal Reserve officials are scheduled to speak later in the day, which may provide insight into the central bank’s policy plans. The Personal Consumption Expenditures (PCE) index, a key inflation report, is due to be released on Friday […]
Read moreFebruary 26, 2025 2:01 pm
A potential peace deal between Russia and Ukraine is weighing on oil prices due to the possibility of sanctions being lifted. Reports of declining U.S. crude oil inventories are offering some support to oil prices. Brent crude oil futures suffer slight price decrease at $72.83 per barrel. Oil prices remained relatively stable on Wednesday, hovering […]
Read moreFebruary 26, 2025 8:06 am
Having touched a one-week low on Tuesday, Spot Gold bounced back above the $2,900 mark on Wednesday, as uncertainty surrounding US President Trump’s tariff policies continued to underpin safe haven demand. Trump on Tuesday ordered a probe into potential new tariffs on copper imports in an attempt to rebuild US production of the metal. Concerns […]
Read moreFebruary 18, 2025 8:18 am
Spot Gold rose for a second straight trading day on Tuesday, since uncertainty surrounding US President Trump’s tariff policies underpinned safe haven demand. The Trump administration has already imposed a 10% tariff on imports from China, announced and postponed 25% tariffs on imports from Mexico and non-energy imports from Canada and is also intending to […]
Read moreFebruary 12, 2025 7:58 am
Spot Gold pulled back from a fresh all-time high of $2,942.78 per troy ounce on Wednesday, after Federal Reserve Chair Jerome Powell’s hawkish remarks reinforced expectations of a slower pace of monetary easing this year. Fed Chair Powell reaffirmed in the Semiannual Monetary Policy Report to the Senate committee that there was no urgency to […]
Read moreFebruary 5, 2025 8:02 am
Spot Gold registered a fresh all-time high of $2,865.52 per troy ounce on Wednesday on concerns of a new trade war between the United States and China. Beijing imposed targeted tariffs on US imports and placed several companies on notice for potential sanctions, as it responded to new US duties on Chinese imports. US President […]
Read moreJanuary 27, 2025 8:40 am
Spot Gold eased from a near 3-month peak of $2,786.06 per troy ounce on Monday on a stronger US Dollar. The US Dollar Index was gaining 0.21% on the day to 107.694, while making the yellow metal less appealing to holders of other currencies. Market players now focused on the outcome of the Federal Reserve’s […]
Read moreJanuary 23, 2025 8:29 am
Spot Gold eased from a 12-week high of $2,763.43 per troy ounce on Thursday, as the US Dollar firmed. “It’s just a technical pullback because the dollar has been taking back on $108 level, triggering some profit-booking, but the undertone for gold is expected to be positive,” Ajay Kedia, director at Kedia Commodities, was quoted […]
Read moreJanuary 17, 2025 8:12 am
Spot Gold was holding not far from a fresh 1-month high on Friday and was poised for a third weekly gain in a row, as expectations of further interest rate cuts by the Federal Reserve grew following the latest US CPI inflation data. Fed Governor Christopher Waller said on Thursday that three or four rate […]
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