Published on 19/04/2021 9:59:14 AM
Commodities:
Oil prices fell on Monday amid mounting concerns that surging caseloads of coronavirus infections in India and other countries will lead to stronger measures and hit economic activity, along with demand for commodities such as crude. Gold prices rose on Monday, hovering near a seven-week peak hit in the previous session, as a softer dollar and a retreat in U.S. Treasury yields lifted demand for the safe-haven metal.
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Published on 16/04/2021 11:13:10 AM
Commodities:
Oil was mixed Friday morning in Asia but is on track to record a weekly gain of more than 6%. The improving global oil demand outlook as both the U.S. and China continue to make progress in their recoveries, gave the black liquid a boost and played a part in offsetting concerns about the everrising number of global COVID-19 cases. Gold prices were steady on Friday as robust U.S. economic data nullified support from lower Treasury yields, although the metal lookedset to post a second straight weekly gain on inflationary concerns.
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Published on 15/04/2021 10:26:26 AM
Commodities:
Oil prices were lower on Thursday though holding nearone-month highs after futures jumped in the previous as the International Energy Agency (IEA) and others upgraded forecasts for oil demand as majoreconomies recover from the pandemic. Gold prices rose on Thursday as a weaker dollar boosted the safe-haven metal's appeal, while investors awaited the release of weekly jobless claims and March retail sales data in the United States later in the day.
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