Archive for Tag: Latest 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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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 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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