Published on 21/01/2022 10:59:10 AM
Commodities:
Oil’s rally faltered after U.S. crude stockpiles rose modestly amid renewed pledges from President Joe Biden to try to curb prices. Gold prices were muted on Friday and were on course for a second consecutive weekly gain, as investors turned to safehaven assets while awaiting signals on interest rate hikes from the U.S. Federal Reserve's meeting next week.
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Published on 19/01/2022 9:45:44 AM
Commodities:
Oil prices rose for a fourth day to a seven-year high as an outage on a pipeline from Iraq to Turkey increased concerns about an already tight supply outlook amid worrisome geopolitical troubles in Russia and the United Arab Emirates Gold prices were flat on Wednesday, steadying near a oneweek low hit in the previous session, as the U.S. Treasury yields strengthened to two-year highs on expectations of quicker interest rate hikes by the Federal Reserve.
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Published on 18/01/2022 9:35:30 AM
Commodities:
Brent oil extended gains to the highest level in seven years as geopolitical tensions stirred in the Middle East and concerns about the demand impact of the omicron virus variant eased. Gold was steady as investors weighed the outlook for monetary policy against the risks posed by the omicron virus variant to the global economic recovery.
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Published on 17/01/2022 9:46:40 AM
Commodities:
Oil prices rose on Monday, with Brent crude futures at their highest in more than three years, as investors bet supply will remain tight amid restrained output by major producers with global demand unperturbed by the Omicron coronavirus variant. Gold prices eased on Monday, as U.S. Treasury yields gained on hawkish signals from the Federal Reserve and markets began to price in a sooner-than-anticipated reduction in balance sheet.
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Published on 14/01/2022 10:06:35 AM
Commodities:
Oil prices eased for a second session on Friday on growing concerns that Washington may soon act to cool prices, while movement controls in China to rein in a COVID-19 outbreak weighed on fuel demand. Gold prices on Friday were poised for their best weekly gain since last Nov, as investors await economic data that could provide clarity about U.S. Federal Reserve's tapering policy, while a weaker dollar and Treasury yields supported bullion
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Published on 13/01/2022 9:04:08 AM
Commodities:
Oil steadied near a two-month high after U.S. stockpiles contracted and energy agencies said markets were tightening. Gold prices on Thursday held near a one-week high hit in the previous session, as the U.S. dollar and Treasury yields retreated after inflation data came in line with expectations and reiterated the need for a quicker interest rate hike.
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Published on 12/01/2022 9:28:04 AM
Commodities:
Oil extended its biggest one-day gain this year as investors embraced risk assets and industry estimates showed a draw in U.S. stockpiles. Gold prices were flat on Wednesday, as traders focused on U.S. inflation data for rate clues after less hawkish comments from the Federal Reserve chief fuelled a bullion rally last session.
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Published on 11/01/2022 9:11:59 AM
Commodities:
Oil prices rose on Tuesday after two days of losses, with some risk appetite returning as the market awaited clues from the U.S. Federal Reserve chairman on potential rate rises and as some oil producers continued to struggle to beef up output. Gold prices were flat on Tuesday, as markets anticipated quicker rate hikes based on key December U.S. inflation data due later this week, while stronger bond yields continued to cap gains.
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