As Libya tightened supplies before the OPEC+ meeting, Monday, oil prices rose in early Asian trading. Meanwhile, COVID-19 continues to spread, and concerns about declining fuel demand have also limited the growth of black liquid. As of 8:59 pm Eastern Time, Brent crude oil futures rose 0.40% to US$78.17, and WTI futures rose 0.55% to US$75.62. Less …
Libya Tightens Oil Supplies, Causing Oil Prices to Go Up Read More »
Boosted by the fall in U.S. Treasury yields, gold rose in early Asian trading on Wednesday. Investors are now waiting for the U.S. and China inflation data to be released later this week. As of 9:34 pm Eastern Time, gold futures rose 0.32% to US$1,790.45. Yields on 10-year and 30-year U.S. Treasury bonds fell from …
Gold price increases as U.S. Treasury yields pull back Read More »
After a four-day rise, oil prices remained above $80 per barrel as traders assessed the implications of a global energy crisis on-demand and industrial output. West Texas Intermediate fell a tad after reaching its best close since October 2014. According to the IEA’s flagship report, the world is failing to invest in energy on the …
Gold should end September at almost $90 lower. Analysts predict a washout if the price falls below $1,700 per ounce. According to economists, the two-punch combo of rising US Treasury rates and a stronger US dollar is pulling gold lower amid inflationary fears and risk-off attitude in the market. December Comex gold futures were trading …
Gold futures edged higher on Thursday as the dollar remained stable and bond yields edged lower, offering some support for precious metals. So far this week, Gold has generally traded sideways. Analysts say investors are waiting for the U.S. August jobs report on Friday to determine the Federal Reserve’s and bullion’s next steps. In a daily research …
Gold Futures Edge Higher as The Dollar Remains Stable Read More »
The trading space has become a puzzle for investors, especially since the Covid 19 pandemic swept the world. The invisible enemy has touched everyone, and every sphere has noticed its traces. However, given that a vaccine against the virus already exists, we have reason to hope. Gold increased in Asia on Wednesday. For investors, this …
In trading, sector changes can happen in minutes. There is no word like ‘’permanent’’ there. Everything is evolving and developing. For example, statistics checked a few minutes ago may no longer be valid. According to the updated information, the price of gold increased by 0.12%. However, due to the strengthening of the dollar, the achievements …
The Major Influence of Dollar on Gold Price: What to expect? Read More »
On Thursday, commodities prices were mixed. The cost of gold fell while the rest of the non-agricultural goods rose. Base metals held solid due to supply concerns, while crude oil increased due to geopolitical tensions. On Friday, spot gold prices at the COMEX were near $1,799 per ounce, while spot silver prices at the COMEX …
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