Archive for Tag: Commodity market outlook

Commodity – Oil prices rise on expected U.S. stocks draw

Brent Oil was trading 1.36% upat $75.34. Oil prices climbed more than $1 on Wednesday, extending overnight gains after industry data showed U.S Crudestocks fell more than expected last week in the wake of two hurricanes, highlighting tight supply as demand improves. Prices were also supported as some OPEC...

Read More

Gold Down, Near Two-Week Lows as Dollar Strengthens

Gold was trading 0.38% up at $1800.40. Gold was down on Thursday morning in Asia, remaining near two-week lows. A strengthening dollar Index Futures contributed to the yellow metal’s losses, while investors also await the European Central Bank (ECB)’s latest policy decision. Gold Futures were down 0.21% to $1,789.75...

Read More

Gold Up as Continuous COVID-19 Concerns Decrease Risk Appetite

Goldwas trading 0.64% up at $1,795.14. Gold was up on Monday morning in Asia, with the dollarremaining near multi-month highs. However, continuing concerns about the spread of COVID-19 globally and its impact on the economic recovery turned investors towards the yellow metal. Gold Futures were up 0.28% to $1,788.95...

Read More