Platinum Market

: Saudi Arabia's GDP is expected to shrink in 2020,

Oil Prices Rise While Gold Reaches Its Month-Lowest

Oil prices rose on Tuesday, and Brent crude oil rose for the fourth consecutive trading day. The prospect of Iran’s provision of additional supplies to the market soon faded as the U.S. rejoined negotiations with Tehran’s nuclear agreement. Brent crude oil rose by 17 cents, or 0.2%, to $73.03 a barrel and was up 0.2% …

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gold, Commodities worth $1.1 billion traded at IME

Inflation Is Pushing the Gold Price up To Its Highest

As inflationary pressures continue to increase, gold prices remained firm on Monday. However, gold prices should achieve their most significant monthly increase since July 2020. As of 11:45 am Eastern Time, spot gold fell 0.2% to US$1,904.41 per ounce but still rose 7.7% this month. U.S. gold futures rose slightly by 0.1% to 1,908.20 US …

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copper

Copper Loses Ground for Fear that China Wants to Limit Commodity Prices

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 inventories of the metal. Three-month copper on the London Metal Exchange declined by 0.6% at $8.875 a tonne. The metal …

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gold

Gold has suffered the biggest quarterly decline in four years

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 …

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gold

Gold, at Two-Week Highs After the Fed Chairman’s Speech

The price of gold has once again exceeded 1,750 dollars an ounce, its highest in the last two weeks. It resulted from Jerome Powell’s speech and the monetary policy measures adopted by the Federal Reserve. The central bank chairman has confirmed that, for the moment, there will be no increases in interest rates. The Fed …

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