Gold and silver just achieved its highest ratio as the yellow metal slid more than 1% to its lowest price in a week. Recent price rallies motivated investors to take profits, but the metal is still on track to trade higher for the third consecutive month amid ... More »
The relentless spread of the coronavirus outside China boosted demand for safe-haven assets and raised support for interest rate cuts from major central banks. As a result, palladium and scaled another all-time high on supply deficit worries. Both oil and Asia... More »
The weekend brought soaring spikes for gold as the number of confirmed COVID-19 cases infects region outside of its core, China. The metal began this week with an initial surge to around $1660 per ounce through the Asian session as stocks continued to tumble. ... More »
Out of 1.8 million tons of oranges grown in Egypt, 1.68 million tons are exported around the world. The record pushed the country past Spain for the second year in a row. Egypt now accounts for 38 percent of global exports of oranges in 2019, according to ASWA... More »
Gold prices fell by 0.60 dollars by 0.04% on Monday, closing at $1,580.8 in London. Futures in the United States also inched down by 0.08% to $1,581.4 per ounce from lower trading volumes than usual in celebration of an American holiday. The safe-haven commodi... More »
The dispute between Russia and Belarus is starting to threaten the supply of fuel in European countries. For the first time, the long-running disagreement between the two is getting on the nerves of European experts and traders. Reports say that Belarus will t... More »
Bulls felt a sigh of relief this Wednesday’s trading as prices continue to advance in the market. After a rough couple of days, both Brent oil and crude oil reached green territories. Oil futures were able to extend their rally after China reported its lowest ... More »
Energy Minister Parviz Shahbazov of Azerbaijan says that an emergency or early meeting for OPEC+ is unlikely. The official’s comments come at a time when traders and experts are widely expecting an emergency meeting for the pact. It’s speculated whether the as... More »
Oil prices slipped on Thursday. It let go of earlier gains after news said OPEC officials failed to agree on deeper production cuts amid a sharp drop in global demand growth. US crude futures lost 0.5% and traded at $50.48 per barrel. Global benchmark Brent fu... More »
Gold prices slid steeply on Tuesday and retraced some positive gains in January. Risk appetite recovered after the Chinese central bank said it would support the economy because of the damage the coronavirus is doing to the economy. Gold futures for delivery i... More »
Oil prices slipped on Friday as sentiment continued to be weak. China’s industrial base got ready to impose extreme measures to halt the rapid spread of the coronavirus. US crude futures were 0.6% weaker at $51.81 per barrel. UK Brent, which is the global crud... More »
Oil prices surged after Yemen’s Houthi rebels said they attacked an oil facility in Saudi Arabia. West Texas Intermediate for delivery in March gained 48 cents to $53.96 per barrel on the New York Mercantile Exchange. On Tuesday, the contract rose 0.6%. Meanwh... More »
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