Commodities Category

Gold and silver prices have fallen by more than 2% due to high volatility The precious metal market has been hammered by a perfect storm of market volatility, rising bond rates, and a strong US currency, sending gold and silver prices substantially lower. Gold’s reluctance to break over $1,920 an ounce has been highlighted by

Germany: It’s ‘realistic’ to stop using Russian oil by the end of the summer Germany claims to be making extra effort to disassociate itself off Russian fossil resources, , estimating that it will be completely independent on Russian crude oil imports by late summer. According to Economy and Climate Minister Robert Habeck, Europe’s largest economy

Oil prices are falling as China’s economic slowdown has a negative impact on demand Oil prices fell on Friday as China’s COVID-19 lockdowns weighed on the outlook for petroleum demand; though supply disruption fears fueled by Western sanctions limiting Russia’s crude and product exports. By 0040 GMT, Brent crude futures had fallen 4 cents to

Gold is near a two-month low due to a stronger dollar & the possibility of a rate hike in U.S.A   In Asia on Thursday morning, gold was down, hitting a two-month low. The yellow metal’s demand was harmed by a rising dollar and the prospect of a rate hike in the United States weakened

Oil continue gains on Russia-Europe tension as hopes for Chinese support   Oil prices rose further in early Asian trade on Wednesday as geopolitical tensions remained high, with Russia warning of gas supply cuts to Poland and Bulgaria, while hopes of Chinese economic stimulus boosted the outlook for oil demand. Brent crude futures were up