COMMODITY INSIGHTS
Commodities are capturing vastly the attention of investors amid the latest monetary turbulence. Our experts, therefore, demonstrate the daily global commodity key developments to know.
03 Oct 2022
Crude oil rallies 4% as OPEC+ weighs huge output cut to support prices
Both Brent and WTI oil contracts gained 4% on Monday morning to $89/b and $83/b respectively as the OPEC group and its allies led by Russia, a group known as the OPEC+...
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30 Sep 2022
Gold and Silver edge higher on softer dollar and bond yields
The yellow metal rose to near $1,670/oz on Friday morning supported by a softer dollar and bond yields, gaining more than $65/oz since bottoming at $1,615/oz on...
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15 Sep 2022
Gold slips below $1,690/oz on soaring dollar and yields
The price of the yellow metal fell to as low as $1,685/oz, while Silver dropped to $19,30/oz on Thursday morning, extending recent losses as investors concern that the Fed’s aggressiveness to curb...
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07 Sep 2022
WTI drops to $85b on renewed demand worries despite OPEC cuts
WTI crude oil prices extended declines towards the $85/b mark while Brent fell to as low as $91/b during Wednesday’s morning session, hitting their lowest levels since...
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02 Sep 2022
Gold and Silver are taking a hit from the stronger dollar and bond yields
The precious metals Gold and Silver extended their losses towards multi-month lows of $1,690/oz and $17,50/oz respectively yesterday, driven by Federal Reserve’s...
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31 Aug 2022
WTI crude oil plunges 4% to $89b on recession fears and Iran nuclear deal
WTI crude oil prices fell more than 4% to below the $89/b mark on Wednesday morning and Brent towards $94/b as energy investors fear that the aggressive rate hikes from some major central banks such...
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