Oil prices rose in Asia on Wednesday morning. They were lifted by a drop in U.S. oil supplies, which bolstered forecasts that fuel demand will surpass supply increases. However, an increase in COVID-19 instances around the world limited the black liquid’s rise. Brent oil futures rose 0.65 per cent to $74. This was after falling …
On Monday morning, gold was higher in Asia. The US dollar is holding steady, and investors anticipate the Federal Open Market Committee’s (FOMC) policy announcement later this week. By 12:52 a.m. ET (4:52 a.m. GMT), gold futures had risen 0.28 per cent to $1,806.90 per ounce, barely above the psychological level of $1,800 per ounce. …
The bioplastics market expects to grow by USD 76.12 billion between 2021 -2025, CAGR of 28.05 per cent during the forecast period. The bioplastics market report provides a comprehensive update, market size and forecast, trends, growth drivers, challenges, and vendor analysis. The report provides an up-to-date analysis of the current global market scenario and market …
Investors focused on U.S. inflation data, which could shed more light on the Federal Reserve’s policy tightening timeline. Hence, on Tuesday, gold prices remained stable in a narrow range. By 0619 GMT, spot gold was up 0.1 % to $1,808.24 per ounce. Meanwhile, US gold futures were up 0.2 % to $1,809.10. The dollar index …
Prices for commodities ranging from corn to copper to oil skyrocketed in the first half of 2021 due to pent-up demand and supply bottlenecks caused by the COVID-19 epidemic. According to Saad Rahim, chief economist of Trafigura, the rally’s dynamics are shifting. Additional broad-based increases appear likely, one of the world’s major commodity-trading firms. China …
Oil May Reach $100 as The Commodities Boom Moves Away from China Read More »
Dollar inflation also influences gold price boost. Investors wait for the U.S. federal reserve’s latest policy meeting release. Gold futures increased by 0.8% and reached $1,797.65 by GMT 3:34 AM. It is the highest result since June 18 ($1,794.86). The dollar usually moves in reverse to gold. As predicted, gold’s rise came along with the …
Gold Prices Increased on Tuesday, Reaching a Two-Week High Read More »
Analysts said that OPEC+ would hold a meeting with Russia and other allies on Thursday. It is expected OPEC to grasp world oil prices than they have in years. OPEC+, an oil producer and its allied organization, is expected to increase 500,000 to 1 million barrels of oil per day. Still, analysts said that there are rumors …
OPEC+ Might Not Increase Oil Production as It Is Expected Read More »
The current trend of iron ore prices is around US$220.50 per ton. This is more than twice the level of last year. In fact, in June last year, iron ore prices exceeded the $100 per ton mark for the first time since August 2019. This increase was caused by supply concerns in Brazil, which was …
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