by finance_admin | December 1, 2024 | Commodities, Markets, News
Spot gold rises 0.6% to $2,341.15 per ounce amidst softer U.S. economic data and rate cut expectations Gold prices reached a two-week high on Thursday as weaker U.S. economic data fueled expectations of interest rate cuts by the Federal Reserve this year. As of 0512...
by finance_admin | November 28, 2024 | Commodities, Energy
Oil prices inched higher on Thursday amid reduced trading activity due to the US Thanksgiving holiday, as market participants turned their attention to a postponed OPEC+ meeting now set for December 5. Brent crude, the global benchmark, hovered near $73 per barrel in...
by finance_admin | November 19, 2024 | Commodities
Dubai Multi Commodities Centre (DMCC) has unveiled a special edition of its Future of Trade report, spotlighting transformative trends in the global gold market and predicting the emergence of an “Asian Century” for the precious metals industry. This...
by finance_admin | November 15, 2024 | Commodities
Gold prices remained flat on Friday near their lowest levels in two months, as a strengthening U.S. dollar and reduced expectations for aggressive Federal Reserve rate cuts pressured the metal. Spot gold stood at $2,566.09 per ounce at 0943 GMT, while U.S. gold...
by finance_admin | November 12, 2024 | Commodities, Energy
Oil prices remained relatively stable in early Tuesday trading, following a recent decline triggered by China’s stimulus plan and concerns about oversupply. Brent crude futures were down by 1 cent at $71.82 per barrel, while U.S. West Texas Intermediate crude...
by finance_admin | November 11, 2024 | Commodities
Gold prices held steady during early trading on Monday as investors awaited a series of speeches from Federal Reserve officials and upcoming U.S. economic data to gauge future interest rate moves. Key Points Current Prices: Spot gold remained nearly flat at $2,683.78...
