Archive for Tag: Commodity Markets Outlook

Commodity Markets Outlook

Gold Down, Near One-Week Low Over Strengthening Dollar, Increasing Risk Appetite

Gold was trading 0.36% down at $1,796.10 Gold was down on Wednesday morning in Asia. The dollar strengthened and fears about the recent surge in COVID-19 cases involving the Delta variant also eased, thus increasing investors’ risk appetite. Gold Futuresedged down 0.18% to $1,808.05 by 1:10 AM ET (5:10...

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Gold Prices Today

Gold Down as Investors Regain Risk Appetite

Gold was trading 0.54% down at $1,801.10 Gold was down on Wednesday morning in Asia. The dollar strengthened and fears about the recent surge in COVID-19 cases involving the Delta variant also eased, thus increasing investors’ risk appetite. Gold Futuresedged down 0.18% to $1,808.05 by 1:10 AM ET (5:10...

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market Outlook

Gold Up, Boosted by Ongoing COVID-19 Worries

Gold was trading 0.40% up at $1,816.10 Gold was up on Tuesday morning in Asia as concerns over the recent COVID-19 outbreaks involving the Delta variant in several countries also gave the safe-haven yellow metal a boost. Gold Futures were up 0.51% to $1,818.50 by 1:05 PM ET (5:05...

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Commodity Markets Outlook

Gold Down, Near Over Two-Month Low as Investors Await U.S. Jobs Data

Gold was trading 0.38% down at $1756.95 Gold was down on Wednesday morning in Asia, near an over two-month low and headed towards its worst monthly drop since November 2016. Investors now await U.S. jobs data for further clues on the U.S. Federal Reserve’s monetary policy moving forward. Gold...

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Gold Market Outlook

Gold Up Ahead of U.S. Inflation Data

GOLD was trading 0.38% up at $1,783.55. Gold was up on Friday morning in Asia as investors digested mixed signals from U.S. Federal Reserve officials on interest rate hikes earlier this week, while awaiting U.S. inflation data due later in the day. Gold Futures inched up 0.06% to $1,777.70...

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Commodity Markets Outlook

Oil Up, Investors Digest Fifth Week of U.S. Crude Stockpile Draws

Brent Crude was trading 0.16% up at $75.36. Oil was up Wednesday morning in Asia as a strong economic rebound of key consumers boosted fuel demand and drained bloated inventories. Investors now await an Organization of the Petroleum Exporting Countries and allies (OPEC+) meeting for clues on production policy....

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Commodity Markets Outlook

Oil Up Boosted by Key Markets, Ahead of OPEC+ Meeting

Brent Crude was trading 0.56% up at $75.34. Oil was up Wednesday morning in Asia as a strong economic rebound of key consumers boosted fuel demand and drained bloated inventories. Investors now await a Organization of the Petroleum Exporting Countries and allies (OPEC+) meeting for clues on production policy....

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Commodity Markets Outlook

Crude oil prices steady near multi-year highs

Brent Crudewas trading 0.65% down at $73.90. Crude oil prices hovered near multi-year highs on Thursday buoyed by dropping U.S Crude inventories and broadly shrugging off a stronger U.S. dollar. Brent Crude Oil futures dropped 20 cents, or 0.2%, to $74.19 a barrel by 1156 GMT. They hit their...

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Brent Crude oil Prices

Oil hits new high near $75 on demand rise, falling inventories

Brent Crudewas trading 0.54% up at $74.37. Oil gained for a fifth day on Wednesday, climbing towards $75 a barrel to its highest since April 2019, supported by a recovery in demand from the pandemic and a drop in U.S Crude inventories. The American Petroleum Institute reported U.S. crude...

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