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Commodities news

A team of top news editors and analysts at 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

Oil prices extend gains as Middle East tensions continue

10:59 am 2019-06-21

Oil prices continued gains from the previous session on Friday on Thursday. The index was on track to achieve its first weekly gain in five weeks. After the New York Times reported that US President Donald Trump had agreed to military strikes against Iran in response to the drop of a US drone, before the withdrawal at the last minute. WTI also rose after jumping 5.4% the previous day. The index remains on track to gain 9 percent…More

Gold heading for best weekly performance in more than three years

09:02 am 2019-06-21

Gold prices continued to rise on Friday to reach their highest level in six years, after recording earlier $ 1415.4 an ounce, the highest level since September 2013. The trend to record the best weekly performance in more than three years, in light of the weakening of the dollar and the increasing geopolitical tensions . Wall Street is slightly lower on the market before relations between the United States and Iran worsen Wall…More

Oil jumps more than 2 percent after Iran dropped a US drone

11:43 am 2019-06-20

Oil prices rose more than 2 percent on Thursday as tensions rose in the Middle East after Iran claimed it had shot down a US drone that had entered its airspace. Washington has confirmed the fall of its drones but insisted that it did not enter Iranian territory. Iran says it has shot down a US drone Iran claimed on Thursday that the Islamic Revolutionary Guards Corps (IRGC) had intercepted and dropped…More

Gold hits the highest price since 2013 after the Fed decision

09:05 am 2019-06-20

Gold rose on Thursday to the highest point since September 2013 amid rising prices for precious metals. On Wednesday, the US Federal Reserve decided to leave interest rates unchanged, with no planned cuts until the end of the year. However, it did not rule out cutting interest rates in the future. The Dow is jumping more than 150 piasters ahead of its release in the hope of a rate cut Wall Street stocks…More

Gold prices fell from their highs before the Federal Reserve decision

09:47 am 2019-06-19

Gold prices have fallen from their highest levels in a year as the Federal Reserve announcement of its interest rate decision and pressure from equity gains stemmed from the easing of concerns over the US-China trade dispute. During Tuesday's trading, Futures prices closed above $ 1350 an ounce, hitting their highest level since April 18, 2018, as interest rate speculation in the US and the euro area increased. Wall Street rises in pre-Fed…More

Oil price rises as US inventories and trade optimism fall

08:47 am 2019-06-19

Oil continued to rise on Wednesday after rising almost 4% in the previous session on new hopes that the United States and China would reach a trade agreement and end the ongoing conflict between them.  US President Donald Trump said the two countries would resume trade negotiations today and said he would meet his Chinese counterpart Xi Jinping at the upcoming G-20 summit in Osaka. Crude oil prices also boosted the decline in US oil inventories after…More

Oil fell, with Brent crude falling below 61 dollar a barrel

11:26 am 2019-06-18

Oil prices fell on Tuesday as Brent crude futures fell below $ 61 a barrel as fears of a global economic slowdown amid the US-China trade dispute have affected investment incentives. The losses were offset to some extent by tensions in the Middle East after the attack on two tankers in the Gulf of Oman. The United States had earlier accused Iran of being responsible for the incident and indicated it would deploy an additional 1,000…More

Precious metals are jumping ahead of comments by ECB President Draghi

08:14 am 2019-06-18

As investors waited on Tuesday for a speech by ECB President Mario Draghi at the conference in Sintra, Portugal, stocks were little changed but precious metals rebounded. Gold was near a 14-month high in parallel to a jump in sovereign bonds issued by Germany and the US, which showed risk aversion amid pessimistic economic outlook. The EUR rose slightly. The markets were preparing for monetary policy decisions this week and macroeconomic reports from the US…More

Oil falls due Iraqi minister describes market as weak

11:28 am 2019-06-17

Oil prices fell on Monday as Iraqi Oil Minister Thamer Ghadhban described the world oil market as "fragile" and said his country was "confident" the United States would give Iraq a 90-day concession on Iran's oil sanctions. Meanwhile, Saudi Energy Minister Khalid al-Faleh said oil shipping routes should remain open globally because he sees demand for oil to rise sharply this year. Al-Falih added that Saudi Arabia will continue to reduce production to balance the market. Minister of Energy,…More

Precious metal is retreating as investors await the Fed meeting

08:49 am 2019-06-17

The precious metals trade fell as investors awaited the Federal Reserve meeting this week, despite the prospect of a reduction in interest rates, while more clarity is expected about the future of US-China trade relations. US markets are high in pre-market trading Wall Street was up in the pre-market market as investors waited patiently for the Federal Reserve's interest rate decision to be released on Wednesday. Interest rate cuts at…More

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