Crude oil fell today for the first time this week after the recovery started at the beginning of the week. Brent crude oil fell tonight Asia time (BKK GMT+7) by 0.24% to $70.83.WTI crude oil fell 0.21% to $67.88. Nevertheless, this week can be seen positively for crude oil. Brent crude oil started the week …
Experts expect a recovery in copper and iron ore due to the positive news from China. Both metals have lost ground since last month. COMEX Copper delivery for September fell 3.8% from last month to $4.223 per pound. Iron ore 62% FE delivery fell even more sharply by a full 25.9% to $159.92 per ton. …
At 3:52 p.m. GMT, WTI crude futures were down 0.56% at $67.16. Brent crude futures fell 0.62% to $69.97. After both crude oil futures contracts rose about 8% in the past two days. Increasing global approvals of COVID-19 vaccines and rising vaccination rates in the U.S. have investors hopeful for higher fuel demand. In addition, …
Oil prices fall, expectation of U.S. crude oil supply easing Read More »
Gold prices face a decline late Wednesday evening Asia time after the yellow metal had surpassed $1800 on Monday. Gold futures slipped 0.98% to $1787. Silver futures fell 0.78% to $23.78. Precious metals investors are now looking forward to Jackson Hole, where Fed Chair Powell will announce the Fed’s further approach to monetary policy. Investors …
Gold price decline in anticipation of Fed decision Read More »
Gold futures closed higher last night (August 23). Gold prices rose $108.60 to $2,385.10/ounce or 4.8%. Silver futures rose 54.4 cents to $23.656/ounce or 2.35%. The platinum contract rose $19.9, or 2%, to $1,014.1/ounce. Palladium futures rose $108.60 to $2,385.10 per ounce, or 4.8%. The dollar fell 0.58% last night to 92.9582, a factor supporting …
WTI crude oil futures for September rose $1.97, or 3.11%, to $64.11 a barrel. The weakening of the dollar caused crude oil prices to rise after falling 8.9% last week. The dollar movement index against the six major currencies in a basket of currencies fell 0.24% today, driving the crude oil market. This is because …
WTI crude oil rises 3% thanks to dollar depreciation Read More »
Investors are currently seeking safe haven, which is lifting gold prices. Global uncertainty such as the Taliban takeover, the spread of the Delta variant, and the loss of purchasing power spreads nervousness among investors. December gold futures rose 90 cents to $1,784 an ounce, up 0.05% and up 0.3% for the week. Silver metal futures …
Concerns about a collapse in crude oil demand are rising, due to the increasing number of COVID-19 cases around the world and fears of renewed lockdowns. Brent crude futures fell from $1.27 to $65.18/barrel, down 1.9%. WTI crude futures fell from $1.37 to $62.32/barrel, down 2.2%. The global economic slowdown is tempting investors to sell …
Crude oil falls due to the spread of the delta variant Read More »
Investors seek safe haven as fear hovers in the air. Gold futures were slightly higher by 0.16% at $1,786.90 an ounce at 3:20 a.m. GMT standard time Friday morning. Expectations of a strong dollar are sending gold prices higher again. The U.S. dollar index was unchanged at $93.55, while investors kept an eye on the …
Oil prices fell late Thursday. Brent crude oil contracts fell 3.1% to $66.13. WTI crude futures fell 3.5% to $63.18. The main reason is the increase in the number of people infected with COVID-19 around the world. Oil prices were affected by the weak economic situation in China, the world’s largest oil importer.The delta variant …