The world of commodities had quite a rollercoaster week recently. Prices went up and down, and it’s not just about numbers; it’s about people. It’s because of folks worrying about the Federal Reserve’s rate decisions and strong labour market data. People investing in commodities aren’t always sure what’s happening, and they’re talking about something called …
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There were some notable ups and downs in global markets this week. Our weekly overview of forex, stocks, crypto and commodity markets will summarize this week’s overall global market performance and give you ideas on how to act and prepare for future market trends. Forex Weekly Overview The dollar was on the defensive yesterday as …
Weekly Overview: Forex, Stocks, Crypto, Commodities May 27 Read More »
On Wednesday, gold prices clawed back from a three-month low as the greenback and US treasuries declined, ahead of key American inflation data. Bullion futures for June 22 bounced up 0.49% or 9.10 points to $1,850.20 per ounce. This movement came after a drop of 0.20% to $1,836.50 per ounce in the early trading session. …
On Monday, gold prices slipped to their lowest in four weeks. The downturn came amid the prospects of aggressive policy tightening by the US Federal Reserve, denting the precious metal’s appeal. As of writing, bullion futures declined 1.92% or 36.70 points to $1,897.10 per troy ounce. The contract followed a drop of 0.71% to $1,934.30 …
Gold prices hover to 4-week low on rate hike worries Read More »
On Friday, gold prices eased as markets geared up for more aggressive central banks to curb worldwide mounting inflation. Subsequently, bullion contracts for June 22 dropped 0.61% or 12.20 points to $1,972.50 per troy ounce. Then, the spot gold declined 0.24% or 4.69 points to $1,973.55 per troy ounce. Nevertheless, the safe-haven demand triggered by …
On Tuesday, palladium prices pared their previous gains after the suspension of two state-owned Russian refiners in London. Futures tied to the precious metal for June delivery slashed 3.79% or 91.53 points to $2,325.77 per troy ounce. It reversed its Friday climb of 1.65% to $2,463.00 per share. Similarly, spot palladium ticked 3.60% or 87.49 …
Palladium drops after gaining on Russian supply risks Read More »
On Friday, gold traded within a tight range as the dollar firmed on prospects of aggressive US Federal Reserve. The latest trading session partially offset safe-haven metal’s demand amid the heightened Russia-Ukraine conflict. Bullion contracts witnessed a dip of 0.23% or 4.40 points to $1,933.40 per troy ounce. It moved negatively from a slight upturn …
Gold dwindles as strong Dollar offsets Ukraine concerns Read More »
Gold prices traded lower on Friday as higher U.S. Treasury yields dented the appeal of bullion. Accordingly, futures tied to the precious yellow metal skidded 0.83% or 16.10 points to $1,933.10 per troy ounce. It reversed a gain of 0.81% to $1,949.20 yesterday. At the same time, spot gold shed 0.41% or 7.99 points to …
On Tuesday, bullion prices traded lower as market participants kept an eye close to the resume of Russia-Ukraine peace talks later this day. Gold futures for the April 22 delivery slashed 1.35% or 26.25 points to $1,913.50 per ounce. The yellow metal benchmark followed Monday’s drop of 0.74% to $1,939.80 per ounce. At the same …
Gold prices decline; Russia-Ukraine talks in focus Read More »
On Thursday, gold held an advance as safe-haven demand remained strong ahead of potential new sanctions against Russia. Accordingly, futures tied to the yellow metal strengthened 0.20% or 3.95 points to $1,941.40 per troy ounce. It extended its gain of 0.82% to $1,937.30 yesterday. Meanwhile, spot gold slightly declined 0.14% or 2.93 points to $1,941.39 …
Gold prices firm as safe-haven demand remains strong Read More »
Gold declined amid the cautious trade on Wednesday as investors looked forward to the US Federal Reserve’s latest policy decision. Accordingly, futures tied to the yellow metal declined 0.46% or 8.60 points to $1,921.05 per troy ounce. It trailed a plunge of 1.59% to $1,929.70 per troy ounce yesterday, hovering around a two-week low. Nevertheless, …
On Wednesday, BMW AG lowered its estimate for automaking returns this year due to the Ukraine crisis and the global semiconductor shortage. Accordingly, it predicts its car segment margin before interest and taxation (EBIT) in a range of 7.00% to 9.00%. Without the impact of the war, it would have targeted a range of 8.00% …
BMW cuts car unit margin forecast due to Ukraine war Read More »
On Thursday, Gold prices slipped as risk sentiment in the global markets improved, despite escalating concerns on the Ukraine-Russia conflict. Futures tied to the precious yellow metal edged down 0.12% or 2.40 points to $1983.50 per troy ounce. At the same time, spot gold skidded 0.56% or 10.90 points to $1,980.37. It snapped a four-session …
On Tuesday, Gold extended its most significant weekly advance since July 2020 as the United States eyed a potential ban on Russian oil. Futures tied to the yellow metal were steady at $2,009.00 per ounce. They increased 0.70% or 14.20 points in the current trading session. At the same time, spot gold edged up 0.39% …
