KEY POINTS Gold prices treaded water on Wednesday, with lower U.S. Treasury yields lending support, as bullion’s struggle to break out of its range-bound trade continued. Spot gold was up 0.1% at $1,821.57 per ounce by 0254 GMT. U.S. gold futures firmed 0.1% at $1,823.10. Gold prices treaded water on Wednesday, with lower U.S. Treasury …
KEY POINTS Shares in the Asia-Pacific region were higher on Tuesday as investors weigh economic concerns. In corporate news, Trip.com reported a net loss of 989 million Chinese yuan ($147.79 million) for the first quarter of 2022 after the U.S. market close. Overnight in the U.S., the major indexes fell following a major rebound on …
Asia-Pacific stocks gain as investors weigh economic concerns قراءة المزيد »
KEY POINTS U.S. West Texas Intermediate (WTI) crude futures rose $1.13, or 1%, to $110.7 a barrel at 0332 GMT, extending a 1.8% gain in the previous session. Brent crude futures advanced $1.26, or 1.1%, to $116.35 a barrel, adding to a 1.7% rise in the previous session. Oil prices rallied for a third day …
Oil extends gains as major producers flag capacity limits قراءة المزيد »
KEY POINTS Spot gold held its ground at $1,824.51 per ounce, as of 0246 GMT. U.S. gold futures were flat at $1,824.50. Gold prices were steady on Tuesday, as traders refused to commit in either direction in the absence of market-moving catalysts. Spot gold held its ground at $1,824.51 per ounce, as of 0246 GMT. U.S. gold …
Gold prices steady as investors await fresh impetus قراءة المزيد »
KEY POINTS The euro won support on Tuesday as traders braced for European inflation figures to run hot this week. The euro rose 0.3% overnight and at one point poked above its 50-day moving average. It last sat at $1.0578. The dollar held modest overnight gains on other currencies and traded at 135.37 yen and …
Euro gains traction ahead of inflation data, dollar steadies قراءة المزيد »
KEY POINTS The higher open on Monday comes after the European blue chip index closed up by 2.6% last Friday, marking its best day in more than three months. But despite the positive end to the trading week, last week was marked by more volatile trading as investors assessed the risks posed by rising inflation …
European markets climb as positive global momentum continues قراءة المزيد »
KEY POINTS The dollar found support from investors worried about recession and seeking safety to hold just below a two-decade high on Monday. The U.S. dollar index was steady at 104.010, having made a 20-year peak of 105.79 earlier in the month. The risk-sensitive Australian dollar eased 0.3% to $0.6918, weighed down by sliding commodity …
Dollar shelters under recession clouds as investors put safety first قراءة المزيد »
KEY POINTS Investors eyed the G-7 meeting this week for possible moves on Russian oil exports and a revival of the Iran nuclear deal. Brent crude futures slipped $1.42, or 1.3%, to $111.70 a barrel by 0010 GMT after rebounding 2.8% on Friday. U.S. West Texas Intermediate crude was at $106.08 a …
Oil slides more than $1 as G-7 debate Iran nuclear deal, Russia قراءة المزيد »
KEY POINTS Gold prices gained on Monday, as news of some Western nations planning to officially ban imports of the metal from Russia for its invasion of Ukraine sparked some interest in bullion. Four of the Group of Seven (G-7) rich nations moved to ban imports of Russian gold on Sunday to tighten the sanction …
Gold rises as G-7 nations plan to ban bullion imports from Russia قراءة المزيد »
The trade exchange value between Egypt and Jordan totaled $915.60 million in 2021, a 25% year-on-year (YoY) increase from $731.70 million. Egypt’s exports to Jordan surged by 23.20% to $725.40 million last year, compared to $588.90 million in 2020, Ahram Gate cited the Central Agency for Public Mobilization and Statistics (CAPMAS). Meanwhile, the Arab republic’s imports …
Egypt-Jordan trade exchange jumps 25% in 2021 قراءة المزيد »
Gold edged up on Friday as the dollar retreated and recession fears buoyed its safe-haven appeal, but looming interest rates hikes set the non-yielding asset on course for a weekly dip. Spot gold rose 0.1% to $1,824.69 per ounce, after earlier touching a one-week low of $1,816.10. U.S. gold futures settled up at $1,830.3. Boosting …
Gold edges higher as dollar slips, rate hike fears linger قراءة المزيد »
Oil prices settled up by more than $3 a barrel on Friday, supported by tight supply, but they notched their second weekly decline on concern that rising interest rates could push the world economy into recession. Brent crude settled up $3.07, or 2.8%, at $113.12 a barrel by 12:10 p.m. EDT (1610 GMT). U.S. West …
Oil settles up but posts weekly decline on recession fears قراءة المزيد »
