Commodities Category

US jobs report indicates more rate hikes are on the way, gold prices are rising Even as the US jobs report suggested additional interest rate hikes this year, gold was up in Asia on Monday morning, putting pressure on non-yielding bullion. By 10:26 p.m. ET, gold futures were up 0.32 percent to $1856.20. (2:26 AM

With an eye on the US NFP, the XAU/USD is approaching the $1,875 mark The gold price (XAU/USD) is swinging around $1,870, following an upswing to reclaim a one-month high during Friday’s early Asian session, as the NFP-related caution saps enthusiasm. The recent mixed stories about China, as well as resurgence in US Treasury yields,

OPEC prepares to establish new output targets, oil prices are rising Oil prices have climbed ahead of the OPEC cartel of oil-producing nations’ meeting on Thursday, as ministers prepare to establish output targets for July in their first meeting since the European Union slapped sanctions on Russian petroleum. Some members of OPEC are pressuring the

Ahead of the Manufacturing PMI, XAU/USD is expected to fall  In the New York session, the gold price (XAU/USD) broke down from its prior consolidation in a $1,846.20-1,864.16 range. The precious metal has been very volatile as investors prepare for the Federal Reserve (Fed) to increase the scope of its aggressive stance in June. Inflationary

Crude Oil Climbed Whether Russia’s Oil Imports Will Be Banned by the EU Crude oil closed yesterday at 9080, up 2.06%, as traders awaited news on whether the European Union would agree to an embargo on Russian oil imports. On Monday and Tuesday, the EU will gather to consider the sixth package of sanctions against