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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

Gold settles around 1342 levels and silver at the highest level in two months

12:28 pm 2018-01-15

Gold is settling around a 4 month high as the dollar index continues to decline, with gold futures rising at the beginning of the week to record gains in European trading, by 0.58% to reach $ 1342 per ounce, reaching its highest level since And the gains are following the decline of the dollar index to its lowest level in 3 years. Gold usually benefits from the weakness of the dollar, because it enhances the attractiveness of the metal as an alternative asset and makes commodities at dollar prices cheaper for holders…More

Oil falls from its highest level in 3 years

01:24 pm 2018-01-12

Oil fell after hitting record highs yesterday as oil futures fell during European trade on Friday, with Brent crude falling 0.65% to reach $ 68.80 a barrel, also fell US crude by 1% to reach levels of 63.12 The decline comes as the Trump administration decides to extend the sanctions on Iran and is awaiting US drilling data. Today is President Trump's deadline to decide either to give up or re-impose sanctions on Iran, which will have implications for Iran's oil exports . Prices also fell on concerns…More

Gold continues to rise and reaches its highest level in 4 months

12:51 pm 2018-01-12

Gold futures continue to rise and reach a 4-month high, gaining 0.77% to reach $ 1332. A weekly gain, respectively, among the longest weekly gain since March 2017. Gold prices ended yesterday's trading up by 0.4%, the second daily gain respectively, after weak economic data in the United States and the decline of the US dollar, the dollar index fell by 0.5%, continuing losses for the third consecutive day, recording a four-point low of 91.22 points, Reflecting the continued open selling of the US currency against most of the global…More

Gold maintains its gains near the highest level in 4 months

02:15 pm 2018-01-11

Gold futures continue to rise on a blush and remain firm around their highest level in 4 months as the yellow metal rose during European trade on Thursday, gaining 0.14% to reach $ 1321 an ounce after opening at 1316.74. , And recorded the highest level at 1320.80, and the lowest level at 1315.70. Gold prices rose yesterday by 0.4%, and the highest level in four months was 1327 ounces, due to the decline of the US dollar and the improvement in investment demand on safe assets following…More

Oil continues to rise and Brent is approaching 70

01:39 pm 2018-01-11

Oil futures are continuing to rise and Brent is close to breaching the $ 70 a barrel barrier as oil futures rallied during European trade on Thursday, as concerns over the supply glut in the United States declined, especially after crude inventories fell to a new low in more than two years. , And a sharp and unexpected decline in the production of US crude oil. Where Brent crude rose 0.05% to reach $ 69.22 a barrel, reaching a high level in 3 years, and US crude rose…More

Oil keeps gains and eye on inventory data

11:56 am 2018-01-10

Oil futures maintain their gains, and expectations for further gains as Brent crude rose during European trade, to reach levels of 69.25 dollars a barrel, adding gains of 0.62%, also rose US crude by 0.90% to reach levels $ 63.52 a barrel, bringing US crude to its highest level since December 2014, and Brent hit its highest level since May 2015. US crude oil finished yesterday's trading up 2.5%, and Brent crude rose 1.9%, the second consecutive daily gain due to the decline in drilling and exploration…More

Gold rises to the highest level in 4 months

11:26 am 2018-01-10

Gold futures are on strong gains, hitting a four-month high of $ 1327, gaining 0.5% after the US dollar fell. China said it would diversify its foreign bond purchases and reduce US bond purchases, Pushing the US dollar index and recording a sharp drop in mid-US trade. Yesterday, gold prices lost 0.6%, the third consecutive daily loss, and the biggest daily loss since December 7, as the dollar rose to a two-week high against a basket of global currencies. Gold prices rose 1.4% last week, The longest weekly gain since…More

US crude at its highest level in 3 years and Brent approaching 70

08:47 pm 2018-01-09

Oil futures have seen strong gains during US trade and US crude at a three-year high. Black gold witnessed strong gains in US trade, with Brent crude gaining 1.40% to $ 68.72 per barrel, Since May 2015. US crude gained 1.86% to reach $ 62.87 a barrel, reaching its highest level since December 2014. The gains came in support of the unrest in Iran and the bad weather in several Western countries and boosted gains after raising the Energy Information Administration's expectations for crude prices in 2018 and 2019.…More

Gold decline from its highest level in 3 months

12:28 pm 2018-01-09

Gold fell for a third consecutive day as the US Dollar Index rose on speculation that the US interest rate will rise this year. Gold fell to $ 1314 per ounce in mid-European trading, losing 0.37%. Recorded a high of Tuesday's low of $ 1320 and a low of $ 1313. The price of gold yesterday closed 0.1%, the second daily loss respectively, with the acceleration of the wave of correction and profit taking, after the prices on Thursday, the highest level in four months 1326.01 an ounce,…More

Oil is back in mid European trade after hitting its highest level since mid 2015

11:17 am 2018-01-09

Oil is back in mid-European trade after reaching its highest level since mid-year. Brent hit a high of $ 67.95 a barrel in Asian trade, hitting a high of $ 68.24. $ 67.69, down again during European trade to reach levels of 67.53 dollars a barrel, also rose US crude during Asian trade to reach levels of 61.99 dollars, the highest level of 62.53 dollars a barrel for the first time since May 2015. The gains are due to the decline in drilling and drilling activities in the…More

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