Oil prices deepened their losses by about 3%, during Thursday's trading, as Brent crude fell below $ 67 a barrel, after the OPEC + alliance decided to stabilize the production policy. The drop in prices comes amid fears that the…
Continue ReadingGold prices fell in trading today, Thursday; Investors are betting that the US Federal Reserve will gradually reduce its bond purchases faster to counter rising inflation. Investors are also assessing how central banks will respond to rising inflation and concerns…
Continue ReadingThe first Omicron case identified in the United States kicked selling into high gear on Wall Street yesterday. Stocks began the previous session sharply higher, but started to lose gains once Federal Reserve Chairman Jerome Powell reiterated that a faster…
Continue ReadingOil markets are awaiting the meetings of the Organization of Petroleum Exporting Countries “OPEC” and its allies in what is known as the OPEC + alliance, following the withdrawals from the strategic reserves led by the United States, as well…
Continue ReadingGold prices rose on Wednesday, as weak bond yields and uncertainty about economic growth due to the Omicron coronavirus mutated pushed investors to the safe haven of gold. And the spot gold price rose 0.59% to $ 1748.92 an ounce…
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