Gold futures closed higher overnight (Oct 22). Investors are buying gold as a safe haven amid inflation concerns. Investors buy gold contracts as a safe haven, after growing concerns about inflation. The Fed predicted yesterday that US inflation will increase until next year and is going to start taper asset purchases soon, but will not …
Crude oil futures ended negative on October 21, down for the first time in six days. WTI crude oil contracts for delivery in December were down 92 cents, or 1.1%, to $82.50 a barrel. BRENT crude futures were down $1.21, or 1.4%, at $84.61 a barrel. Profit-taking, however, drove crude oil prices down after the …
Imagine a world where fiat currency does not yet exist. Now your government has decided to introduce dollars as a medium of exchange. You are the first to go to a bank and borrow 1 dollar. This dollar you have to pay back with interest, let’s say the interest on 1 dollar is 1 dollar …
Gold rose last night (Oct 20). The gold futures were up $14.4, or 0.81%, to $1,784.9 per ounce. Silver futures were up 56.2 cents, or 2.35%, to close at $24.445 an ounce. The platinum contracts were up $5.2, or 0.5%, to $1,052.3 per ounce. The palladium contracts were down $18.50, or 0.9%, to $2,082.40 an …
Gold contracts rose yesterday evening (October 19). The positive factor was the depreciation of the dollar and buying pressure on safe havens after the U.S. published weak economic data. Gold futures were up $4.8, or 0.27%, at $1,770.5 per ounce. Silver futures were up 61.9 cents, or 2.66%, at $23.883 an ounce. Platinum was up …
Gold, oil rose – Weak U.S. Dollar Drives Buying Mood Read More »
Crude oil futures closed higher on October 18, tracking rising global oil demand. Investors are watching the report on U.S. crude oil inventories this week. WTI crude futures were up 16 cents, or 0.2%, at $82.44 a barrel. BRENT crude futures were down 53 cents, or 0.6%, at $84.33 a barrel. The opening of many …
Rising global demand for crude oil continues to push prices higher this morning. WTI crude futures rose $1.16, or 1.42%, to $83.36 a barrel, the highest level since October 2014. BRENT crude oil futures rose 94 cents, or 1.11%, to $85.80 per barrel. This is the highest closing level since October 9, 2018. The International …
Oil up, Gold down – U.S. Economic Data Still Good Read More »
Energy Crude oil rose for the 8th week in a row and is getting close to Wall Street’s announced target of $90 by year-end. Demand for crude oil continues to rise due to the recovery from the COVID 19 pandemic, but supply remains tight. After OPEC+ turned down the U.S. government on the issue of …
Another week in which the gold price showed light and shadow. Towards the middle of the week, the price of gold increases neatly and was able to climb to the $ 1800 mark, before he had to let feathers at the end of the week again and fell back to $ 1,768.20. In the end, …
Precious Metals Gold futures fell $29.6, or 1.65%, to $1,768.30 per ounce, but were up 0.6% for the week. Silver was down 12.8 cents, or 0.55%, at $23.349 an ounce. Platinum was up $6.6, or 0.63%, at $1,058.90 per ounce. Palladium was down $74.30, or 3.5%, at $2,076.60 an ounce. Gold futures closed lower last …
Gold Weakens at the End of the Week – Crude Oil Remains Strong Read More »