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% …
Oil Prices Rise While Gold Reaches Its Month-Lowest Read More »
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 …
Inflation Is Pushing the Gold Price up To Its Highest Read More »
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 …
Copper Loses Ground for Fear that China Wants to Limit Commodity Prices Read More »
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 »
Gold prices rose to their highest level in more than a week on Tuesday. Weaker dollar and a drop in US bond yields supported this rise. A strong appetite for risky assets limited gains of metal. Spot gold was up 0.2% at $1,732.53 an ounce after hitting its highest level since March 25 at $1,738.32. …
Gold Rises, Although Risk Appetite Limits Progress Read More »
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 …
Gold, at Two-Week Highs After the Fed Chairman’s Speech Read More »
Global platinum production suffered from the pandemic, which mainly affected its primary global producer, South Africa. Last year, the total supply of the metal fell 17% compared to the 2019 figure. However, this year, it is estimated that the figure will grow again by 17%, spurred by demand from the automotive sector. 2020 was not …
In Wednesday’s trade, Gold and Silver futures dropped up to 0.7%. Gold futures for April delivery decreased by 0.25%. Silver futures for May delivery was down by 0.70%. Spot gold increased by 0.1% and was trading at $1,716.51 per ounce. On Monday, the yellow metal hit its lowest since June 5 and dropped to $1,676.10. …
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