Gold steadied on Tuesday, after three sessions of declines, as uncertainties from rising Covid-19 infections countered a buoyant dollar and bets for early tapering of the U.S. Federal Reserve’s economic support. Spot gold was little changed at $1,729.80 per ounce by 7:04 a.m. ET, while U.S. gold futures rose 0.3% to $1,731.80. Coronavirus cases in Read More
Oil prices fell by 4% on Monday, extending last week’s steep losses on the back of a rising U.S. dollar and concerns that new coronavirus-related restrictions in Asia, especially China, could slow a global recovery in fuel demand. A United Nations panel’s dire warning on climate change also added to the gloomy mood after fires Read More
Oil prices fell for a third day on Wednesday on mounting concerns that the increasing spread of the delta variant of the coronavirus in top consuming countries will cut fuel demand. Brent crude oil futures slid 57 cents, or 0.8%, to trade at $71.82 per barrel. U.S. West Texas Intermediate (WTI) crude fell 79 cents, Read More
Gold prices were caught in a tight range on Tuesday as investors held back from making large bets ahead of U.S. jobs data later this week expected to shed more light on labor market health and the Federal Reserve’s tapering timeline. Fundamentals Spot gold slipped 0.2% to $1,810.40 per ounce by 0859 GMT, while U.S. Read More
Oil prices fell on Monday as worries over China’s economy resurfaced after a survey showing growth in factory activity slipped sharply in the world’s second-largest oil consumer, with concerns compounded by higher crude output from OPEC producers. Brent crude oil futures slid by 87 cents, or 1.15%, to $74.54 a barrel by 1145 GMT after Read More
Oil prices fell on Friday but remained on track to post weekly gains with demand growing faster than supply, while vaccinations are expected to alleviate the impact of a resurgence in COVID-19 infections across the globe. Brent crude futures for September , which expire on Friday, had dropped 6 cents, or 0.1%, to $75.99 a Read More
Europe’s top energy companies signalled confidence in a lasting recovery from the pandemic impact by drawing on higher oil prices to boost shareholder returns and reassure investors as they roll out risky climate strategies. After swiftly cutting spending and jobs in response to the unprecedented collapse in energy demand last year, executives from Royal Dutch Read More
Copper prices are set to extend their retreat from record highs in the coming months, under pressure from rising mine supply and China’s drive to cap commodity prices, a Reuters poll found. Benchmark copper soared to a record peak of $10,747.50 a tonne in May, partly propelled by speculators betting that strong demand from electric Read More
Oil prices fell $1 on Monday as concerns about fuel demand caused by the spread of COVID-19 variants as well as changes to import rules in China offset expectations of tight supplies through the rest of the year. Brent crude futures for September fell 97 cents, or 1.3%, to $73.13 a barrel by 0850 GMT Read More
Gold prices steadied on Friday after hitting a more than one-week low in the previous session, as a retreat in U.S. bond yields and weak economic data countered a stronger dollar. Fundamentals Spot gold was flat at $1,806.08 per ounce, as of 0047 GMT, after hitting its lowest since July 12 at $1,791.16 on Thursday. Read More
