Archive for Tag: market outlook 2022

wheat news

Wheat continues its downtrend, declining around 10% from its recent high

The price of Chicago Wheat futures is down 0.33% at $11.4 per bushel on mid-Friday trades. Wheat started the week with mild bullish pressure, gaining around 1.80% on Monday. Prices, however, fell on the two subsequent days, i.e., on Tuesday and Thursday. This decline is a resumption of the...

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market outlook

Copper rises on comments from PBOC and the Federal Reserve

Chicago copper futures price, is up 0.05% at $4.4300 per pound on mid-Wednesday trades. Copper prices gained recently as the Fed took the possibility of a 75-basis points rate hike off the table, and PBOC, the Chinese central bank, pledged to support the economy to counter pandemic woes. The...

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market outlook

Gold starts May with a bearish note

Gold futures at COMEX is down 1.92% at $1875 per troy ounce on mid-Monday trades. Gold opened May on heavy bearish pressure. Price has gone below the $1,900 price level as price declines due to the strengthening U.S. dollar, and Fed’s tightening monetary policy among other factors. It is...

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Gold range-bound as markets eye Ukraine crisis, Fed policy stance

Gold was trading 0.41% up at $1,945.50 European shares gave up early gains to trade flat on Thursday, as the war in Ukraine marked a month and Western nations planned more sanctions on Russia. European gas prices soared after Russian President Vladimir Putin said the country would seek payment...

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Oil tops $100, gas, grains, metals spike as Russia invades Ukraine

Brent Crude was trading up 6.95% at $100.59 Global commodity prices jumped towards multi-year highs on Thursday as Russia launched a full scale invasion of Ukraine, with prices responding in knee-jerk fashion despite steady export flows of Russian oil, gas, grains and metals to the West. Oil prices rose...

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