Front-month gold futures retreated following the establishment of a new record yesterday, reaching $3,040 per troy ounce. The contract declined by 0.7% to $3,018.20 per ounce on Friday; however, it concluded the week with a net gain. According to Kieran Tompkins of Capital Economics, analysts have linked the surge in gold prices to increased concerns Read More
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Natural gas futures have experienced a decline following the EIA’s report of a 9 Bcf rise in inventories for the previous week. This adjustment has narrowed the storage deficit relative to the five-year average, decreasing it from 230 Bcf to 190 Bcf. “Although not without precedent, net injections are infrequent at this juncture in the Read More
Gold futures remain stable following the establishment of a new record earlier in the trading session. Futures remain stable at $3,041.90 per troy ounce, following a peak of $3,065.20/oz earlier in the trading session. The increase in the value of the precious metal can be attributed to heightened demand for safe-haven assets, stemming from concerns Read More
U.S. natural gas futures have experienced an increase for the second consecutive session, driven by weather forecasts indicating a return of colder temperatures for the remainder of March. “Although the fundamentals continue to exhibit a downward bias, there appears to be significant support in the range of $3.95/mmBtu to $4.00/mmBtu,” notes Gelber & Associates. The Read More
Oil prices were little changed on Friday as traders remained cautious about frequent and steeper rate hikes by the U.S. Federal Reserve, concerns that have triggered a rout in energy prices over the last three days. Brent futures , which fell about 5% over the last three days, were up marginally from near-three week lows Read More
Oil prices pared early gains on Thursday as signs of a strong economic rebound in top crude importer China were offset by fears over the impact of potential increases to European interest rates. Brent crude futures were up 33 cents, or 0.41%, at $81.08 a barrel by 3:35 p.m. ET. U.S. West Texas Intermediate (WTI) Read More
Gold prices were set to break their three-session winning run on Thursday, weighed down by a firmer dollar and as bullion’s outlook remains clouded by prospects of further interest rate hikes from the U.S. Federal Reserve. Spot gold was down 0.3% at $1,831.70 per ounce, after hitting a one-week peak in the previous session. U.S. Read More
Oil prices rose Tuesday, supported by hopes a solid economic rebound in China will drive up fuel demand, offsetting worries about further U.S. interest rate hikes dragging on consumption in the world’s biggest economy. Brent crude futures for April , due to expire on Tuesday, were up by 87 cents to $83.32 per barrel. The Read More
Oil prices stabilised on Thursday after Brent crude posted its biggest one-day loss for seven weeks in the previous session, with gains on Russian supply curbs capped by an expected rise in U.S. inventories. Brent crude futures rose 25 cents, or 0.3%, to $80.85 a barrel by 1004 GMT, compared with about $98 a barrel Read More
Gold prices were stuck in a tight range on Monday, as bets of more interest rate hikes from the U.S. Federal Reserve dimmed the outlook for non-yielding bullion and boosted the dollar. Spot gold was little changed at $1,842.40 per ounce, as of 0347 GMT, after falling to its lowest since late December in the Read More