Market News

Oil prices dip amid weak Chinese spending data

Oil futures retreated from multi-week highs on Monday, weighed down by disappointing consumer spending data from China, the world’s largest oil importer. Brent crude futures declined by 32 cents, or 0.4%, to $74.17 per barrel by 1300 GMT, following Friday's close at their highest level since November 22. Similarly, U.S. West Texas Intermediate…
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Gold prices continue to recover, supported by escalating Russia-Ukraine tensions and a weaker dollar

Gold prices climbed on Tuesday, continuing their rebound from two-month lows, as the dollar retreated from recent highs and escalating Russia-Ukraine tensions boosted safe-haven demand. Spot gold rose 0.8% to $2,633.8 an ounce, while December gold futures gained 0.9% to $2,637.45 an ounce. This followed a nearly 2% surge on Monday, marking a…
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Oil prices remain stable as traders weigh the threat from Russia against the restart of operations in Norway

Oil prices held steady on Tuesday, as traders balanced the partial restart of production at Norway's key Johan Sverdrup oilfield with heightened geopolitical tensions following Russia's revised nuclear threat policy. Brent crude futures slipped 0.1% to $73.22 per barrel, while West Texas Intermediate (WTI) crude futures dipped 0.1% to $69.08 per…
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Gold prices rise following the release of CPI data, while copper experiences a surge amid anticipation of stimulus measures from China

Gold prices advanced in Asian trade on Friday, building on overnight gains as strong U.S. inflation data was tempered by a soft labor market report. Meanwhile, copper prices surged sharply, driven by expectations of further fiscal stimulus announcements from China. A weaker dollar also supported broader metal markets, as it retreated from…
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Oil is on track for a weekly increase amid concerns over potential supply disruptions in the Middle East

Oil prices edged lower on Friday, but remained on track for a second consecutive weekly gain as traders balanced the effects of hurricane damage on U.S. demand with the risk of a broader supply disruption if Israel targets Iranian oil facilities. Brent crude futures had dropped 60 cents, or 0.8%, to $78.80 a barrel, while U.S. West Texas…
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Gold prices remain steady as CPI data takes center stage, while copper benefits from Chinese stimulus measures.

Gold prices showed little movement in Asian trading on Thursday due to ongoing pressure from a stronger dollar, as attention shifted to important upcoming inflation data for clues on interest rates. In the industrial metals sector, copper prices saw a slight increase, recovering some recent losses as China, the top importer, announced plans for…
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