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 …
Investors look anxiously at the future oil demand, due to the further spreading delta variant Brent crude futures rose 70 cents, or 1%, to $69.73 a barrel. WTI crude futures rose 54 cents, or 0.8%, to $67.13 a barrel. Due to rising employment figures and hopes for rapid recovery of the economy, the dollar has …
Gold prices in Asia fell this morning. This is due to weakening economic data in China and the rapid increase in COVID-19 cases worldwide. Gold futures contracts fell 0.11% to $1,787.90. In contrast, the dollar was slightly stronger than yesterday. Gold and the dollar normally move together inversely. However, the yellow metal had its highest …
Gold metal falls – amid rising infection figures Read More »
After the release of official data, the slowdown in refining volumes, and economic activity in China, oil prices fell today by more than 1%. The price of Brent fell 90 cents, or 1.3%, to $69.69 per barrel. The price of WTI fell 97 cents, or 1.4%, to $67.47 per barrel. In China, the economy is …