During Tuesday’s session, WTI crude oil prices have risen very slightly and have continued to swing around the $60 range. The oil continues uphill, and WTI is up 1.10% on Wednesday. It reached $61.28, the
Copper fell on Monday on the fear that China, the largest consumer of metals, wants to put caps on commodity prices to avoid possible inflation. The market is also pressured by faltering demand and higher
Surging US Treasury yields weighed on gold. The precious metal dropped by 0.3% to $1,738.12 per ounce on Monday. Gold futures decreased by 0.4% to $1,737.70 per ounce. In the first quarter of 2021, gold
Since August of 2020, the price of gold has been declining until it stabilized around $1,730-1,740 an ounce, which is the level it currently holds. However, analysts are optimistic about the prospects for gold. Factors
After hearing about the improvement in the United States and China’s service sectors, large consumers of crude oil, the oil price rose today. Increased COVID-19 vaccinations raised prospects for more robust global economic growth. The
What is Spot Price? Spot price is the price in the marketplace. For instance, security, commodity, or currency can be bought/sold at a particular place and time. In a global economy, most securities or commodities’
Gold prices rose to their highest level in more than a week on Tuesday. Weaker dollar and a drop in US bond yields supported this rise. A strong appetite for risky assets limited gains of
Saudi Arabia has raised oil prices for Asian customers, which are its primary market. May supplies from state oil company Aramco will increase between 20 and 50 cents a barrel. Meanwhile, Arab Light crude will
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