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Commodities news

A team of top news editors and analysts at Tradingpeek.com will provide a comprehensive coverage of important commodity news and influential economic reports that will make you aware of what is going on in the commodity markets, we update commodity news daily.

Commodities news

Gold prices are rising strongly after reaching a 8 week low

05:23 pm 2018-03-02

Gold futures rebound from 8-week lows in US trading as investors sought to buy the yellow metal as security goods because of US President Donald Trump's comments on Thursday that the United States will begin next week to impose new tariffs on imports of steel up To 25% and 10% for aluminum imports. During a meeting with some US industry officials, Donald Trump pledged to reinvigorate the steel and aluminum industries, saying it was time to take action to stop the flow of products into US territory.More

Gold futures are offsetting some of their losses

06:57 am 2018-03-02

Gold futures are offsetting some of their losses, after cutting a large part of their losses yesterday, to stop gold from falling before the end of the week after hitting an eight-week low yesterday, after having suffered severe losses during trading on Thursday, because of The US Dollar Index rose as market expectations increased the Federal Reserve's rate hike four times this year.  Where gold prices rose by 1.00% to reach levels of $ 1318 per ounce after recording a low of $ 1315 dollars an ounce and…More

Oil futures extended losses in Asian trading on Friday

06:44 am 2018-03-02

Oil futures extended losses in Asian trading on Friday, hitting their lowest level in 10 days, following the US Energy Information Administration's announcement of US oil inventories, which showed a surplus of 3.0 million barrels last week on February 23 Versus a deficit of 1.6 million barrels in the previous weekly reading, beating expectations of a surplus of about 2.4 million barrels, to see stocks rise to about 423.5 million barrels, and stocks remain below the average range for such a time of year. Oil futures fell…More

Oil prices witnessed sharp losses close to 2 percent in Thursdays trading

03:48 pm 2018-03-01

Oil futures are losing heavily in European trading on Thursday, hitting a 10-day low after the US Energy Information Administration announced yesterday US oil inventories, which showed a surplus of 3.0 million barrels last week on Feb. 23 Versus a deficit of 1.6 million barrels in the previous weekly reading, beating expectations of a surplus of about 2.4 million barrels, to see stocks rise to about 423.5 million barrels, and stocks remain below the average range for such a time of year. Oil futures fell for the third day…More

Gold prices fall to the lowest level in 3 weeks

02:52 pm 2018-03-01

Gold futures fell sharply during European trade on Thursday, hitting a three-week low as gold prices fell sharply as the US dollar index rose as market expectations increased the Federal Reserve's rate hike four times during The price of gold fell by 0.50% to reach levels of 1305 dollars per ounce after recording a low of $ 1304 dollars an ounce and opened today's session at 1318. $ per ounce to a high of 1319. dollars per ounce Gold prices ended last month with a loss…More

Gold maintains marginal gains and oil prices experiencing strong losses during US trading

06:13 pm 2018-02-28

Gold futures have maintained their marginal gains in US trading as gold prices rose after hitting a three-week low on Wednesday as market expectations increased the Federal Reserve's rate hike four times this year. Rising by 0.36% to reach $ 1320 per ounce after recording a low of $ 1315.62 an ounce and opened today's session at 1317. $ per ounce to reach the highest level at 1321. $ per ounce Gold prices ended yesterday's trading lower by 0.88%, as the US currency gained against a basket…More

​Oil futures fell for the second day in a row

10:08 am 2018-02-28

Oil futures fell for the second day in a row, with oil prices falling during European trade, to Brent crude to $ 66.47 dollars a barrel, also fell US crude to reach levels of 62.70 dollars per barrel, after yesterday's first loss In four days, as a result of corrective and profit-taking operations and the rise in US crude inventories, according to the US Petroleum Institute.  US crude hit $ 62.78, $ 62.52 and $ 62.52 respectively. Brent crude fell to $ 66.25 a barrel from…More

​Gold futures rose on Wednesday

09:54 am 2018-02-28

Gold futures rose on Wednesday, as gold prices rose after hitting a three-week low on Wednesday as market expectations increased the Federal Reserve's rate hike four times this year. Rising 0.35% to reach $ 1317 per ounce after recording a low of $ 1315.62 an ounce and opened today's session at 1317. $ per ounce to reach the highest level at 1318. $ per ounce Gold prices ended yesterday's trading lower by 0.88%, as the US currency gained against a basket of global currencies. Gold prices last…More

Oil prices suffer the first loss in four days

05:59 pm 2018-02-27

Oil futures were lower in US trade, with oil prices falling Tuesday, with Brent crude reaching $ 66.60 per barrel, recording a loss of 1.01%, and US crude falling to $ 63.02 a barrel. Recording declines of 1.40% on its way to the first loss in four days due to correction and profit taking after recording a three-week high in yesterday's trading. US crude opened today at $ 63.98, recording a high of $ 64.07 and a low of $ 63.56. Brent crude fell to $ 67.15…More

Gold futures rise during trading on Tuesday

10:13 am 2018-02-27

Gold futures rose during the day, as gold prices rose to a four-session high of 0.35% to reach 1330 dollars per ounce. The dollar index, which measures the performance of the US currency against its basket of other currencies, fell by 0.26% To 89.60 levels. Gold prices ended yesterday's trading up 0.3%, due to the decline of the US currency against a basket of international currencies. Gold prices last week fell 1.5%, the third weekly loss in a month, the largest weekly loss in percentage this year,…More

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