Strategists say that if the collapse in oil prices this week was bad, it could be fundamentally worse next month. In fact, prices could fall as low as -$100 per barrel. Paul Sankey, the managing
In an attempt to stem the damage of low oil prices, Saudi Arabia plans to reduce Riyals to 120 billion ($32 billion) from its cash reserves. Mohammed Al-Jadaan, the minister of finance of SA, said
Gold regained its luster on Wednesday after a bad day on Tuesday and is currently recovering the 1,700 level against the dollar. The reason is the approval of the expansion of the PPP in the
In comparison to February, five out of eight critical farming commodities resumed impressive exports with a two-digit increase in March. These five farm commodities include cashew, vegetables, rice, pepper, and cassava. The coronavirus pandemic hasn’t
On Tuesday, gold operated at highs since November 2012 at $1,730. Investors are concerned about the impact of Coronavirus on the world economy and metal production at individual mines worldwide. It drove gold prices higher.
Oil imports in China have dropped in March, according to a Reuters poll on Monday. Analysts expect China’s economic contraction in the first quarter of 2020 due to the Coronavirus outbreak. China is the world’s
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
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
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