Mon, August 15, 2022

Commodities

Four cast gold bars of different size isolated on white background.

Gold Nears 6-year High as US-Iran Strain Persists

On Tuesday, with the persisting conflict in the Middle East, gold prices strengthened in Asia. August delivery of Gold futures increased by about 1.5% at $1,439.30. The Comex division of the New York Mercantile Exchange reported the increase. Spot gold climbed up 0.3% at $1,402.50 per ounce, bearing a fifth straight session of gains. Gold …

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Oil Inventory Report: The icon shows a group of oil barrel and a plunge in oil.

Oil Slows Progress on Venezuelan Export Qualms

OIL INVENTORY REPORT – On Tuesday, oil prices trimmed down their gains after global measures of Brent crude strengthened above $73 a barrel. Meanwhile, doubts rose as Venezuelan President Nicolas Maduro wants uprising on possibilities of hitting the country’s crude exports as the market grew less. As military backing were called by Venezuelan opposition leader …

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Wibest Broker-Oil Inventory Report: oil prices concept, oil being poured from a golden barrel

Oil Inventory Report: Oil Slips, Headed for Gains this Week

OIL INVENTORY REPORT – Brent slipped further away from the $70 mark after topping that level during the previous session, while West Texas Intermediate (WTI) crude was also slumped, dragged down by concerns over trade negotiations. Brent crude futures for front-month delivery lost 26 cents, or 0.5 percent, hitting $69.4 per barrel. Last session, it …

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