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 has suffered the most significant price drop since 2016. It is one of the few commodities trading below the numbers …
Gold has suffered the biggest quarterly decline in four years Read More »
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 be 40 cents more expensive than in April and will cost 1.8 dollars a barrel above the benchmark, it reports. …
Saudi Arabia soars oil prices for key Asian customers Read More »
The spot gold price dropped in the trading session on Tuesday, falling 1.6% to the edge of $1.685 per ounce. The yellow metal’s prices were depressed by the US dollar strength and rising long-term interest rates. In the first three months of 2021, gold lost more than 10%. It is the first quarter with a …
Gold Down Pointing to A Quarterly Decline of More than 10% Read More »
The oil futures contracts dropped on the reports that the container ship stranded in the Suez Canal had refloated. It will allow the flow of more than 400 detained vessels through this vital seaway. On the London Stock Exchange, Europe’s benchmark North Sea Brent crude increased by 41 cents, or 0.63 percent, to settle at …
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