The U.S. dollar fell against all of its biggest rivals, weighed by concerns related to the coronavirus spread in the U.S. Even though the latest number of cases reported in the country was around 35,000, the country has reached over 5.4 million contagions, while the death toll surpassed 170K. However, the country has reduced the …
The U.S. Dollar remains low, gold takes an advantage Read More »
On September 11, gold and silver rates both declined dramatically in Indian markets. On Multi Commodity Exchange, gold futures dipped 0.9% to 51,306 per 10 grams, while silver futures fell 1.5% to 67,970 per kg. In the previous session, gold had boosted 0.7% while silver had climbed 0.52%. In India, gold and silver prices have …
After touching three-year lows in the previous session, crude oil prices saw some gains on Friday’s trading. Brent crude increased by 40 cents or 0.9% to trade at $43.34 a barrel. On Thursday, Brent oil closed with a drop of 1.9%. Oil prices have been hit by a record decline in US economic growth since …
December gold futures are trading at $1971.40 currently. It is a net increase of $16 on the day. Taking in mind the pace at which the yellow metal price is moving up, analysts think that $2,000 per ounce could become a reality shortly. Since March, the yellow metal has gained around $500 in value. Moreover, …
In the early US trading yesterday, gold prices pushed to another nearly nine-year high. The yellow metal is not far below the record highs of 2011 when it scored $1,920.70. August gold futures were up $12 an ounce and traded at $1,877. Several factors are supporting bulls in the precious metals markets. Economic uncertainty creates …
Gold is bullish and it could lead to new record highs Read More »
The price of oil has registered a new increase on Tuesday. The price of crude oil recorded its highest level since the beginning of March, just before the pandemic spread massively in Europe. A barrel of Brent, the benchmark for Europe, stood at around $44.6 per barrel on Tuesday, which is equivalent to 3.19% more …
Oil rebounds to maximums since March, exceeding $40 per barrel Read More »
Saudi Arabia’s energy minister stated that OPEC and its allies are going to restore oil output next month. However, the demand recovers slowly from the COVID-19 crisis, so the impact will be barely felt. Oil production has been curbed for three months as a result of the sink in demand because of the coronavirus pandemic. …
The silver institute has published a report recently. According to it, the demand for the precious metal grew 10% in the first half of this year, compared to 2019. The white metal price averaged $16.65 an ounce during the first half of the year. Silver value dropped significantly in the middle of March. However, it …
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