Commodities

Oil prices rise on rate cut cheer, OPEC+ soothes oversupply fears
June 07, 2024 11:36 AM AEST| By InvestingInvesting.com-- Oil prices rose in Asian trade on Friday, extending a mid-week rebound after OPEC+ members sought to reassure markets over potential supply increases, while traders welcomed rate cuts

Oil prices settle higher on global rate-cut optimism after ECB delivers first cut
June 07, 2024 04:40 AM AEST| By InvestingInvesting.com -- Oil prices settled higher Thursday, as signs that global rates cuts are underway boosted optimism on the global economy easing demand worries somewhat following an unexpected build in

Gold sees little love from rate cut expectations; Copper struggles
June 03, 2024 02:50 PM AEST| By InvestingInvesting.com-- Gold prices fell in Asian trade on Monday, as a rush into risk-driven assets, on the back of increased rate cut expectations, largely left out the yellow metal, even as the dollar sank

Oil prices rise after OPEC+ extends production cuts; Gaza ceasefire in focus
June 03, 2024 11:32 AM AEST| By InvestingInvesting.com-- Oil prices rose in Asian trade on Monday after the OPEC+ extended its current run of production cuts into 2025, although speculation over a ceasefire in Gaza kept gains limited.

Oil prices lower on demand jitters, hopes for Gaza truce; OPEC+ meeting eyed
June 01, 2024 06:28 AM AEST| By InvestingInvesting.com-- Oil prices slipped to weekly loss after settling lower Friday, as fresh hopes on a Gaza ceasefire and ongoing demand concerns weighed on sentiment ahead of the weekend's meeting of top

Oil prices slip on demand jitters ahead of key OPEC+ meeting
June 01, 2024 04:14 AM AEST| By InvestingInvesting.com-- Oil prices ebbed lower Friday, as investors digested U.S. economic data showing a steady pace of inflation that helped stoke bets on Federal reserve rate cut ahead of the weekend's mee

Market experts: Gold to charge higher
May 31, 2024 10:16 PM AEST| By InvestingInvesting.com - Gold prices soared to record highs, with spot gold reaching a new peak of $2,449.89 per ounce on Monday. Silver also hit its highest levels in several years earlier last week, and copp

Oil prices steady ahead of key US inflation data, OPEC+ meeting
May 31, 2024 07:20 PM AEST| By InvestingInvesting.com-- Oil prices steadied Friday, ahead of the release of key U.S. inflation data and the weekend's meeting of top crude producers.

Gold prices steady with PCE test in focus, copper slips on weak China PMIs
May 31, 2024 02:38 PM AEST| By InvestingInvesting.com-- Gold prices steadied in Asian trade on Friday, with traders remaining wary of the yellow metal before key U.S. inflation data that is likely to factor into the outlook for interest rat

Gold prices dip, weighed by dollar strength as rate jitters grow
May 30, 2024 01:54 PM AEST| By InvestingInvesting.com-- Gold prices fell in Asian trade on Thursday, weighed chiefly by strength in the dollar and U.S. Treasury yields as traders remained on edge before key economic readings that are likely

Oil prices flat as rate, inflation jitters offset big inventory draw
May 30, 2024 11:26 AM AEST| By InvestingInvesting.com-- Oil prices steadied in Asian trade on Thursday as optimism over a bigger-than-expected draw in U.S. inventories was offset by caution ahead of key economic data that is likely to facto

Oil inventories slump by 6.5M barrels last week: API
May 30, 2024 07:04 AM AEST| By InvestingCrude Oil WTI Futures, the U.S. benchmark, traded at $79.27 a barrel following the report after settling down 0.8% at $79.23 a barrel.

Oil prices settle lower ahead of fresh crude inventory data
May 30, 2024 05:38 AM AEST| By InvestingInvesting.com-- Oil prices settled lower Wednesday, as traders looked ahead to fresh petroleum inventory data for signs of a pick up demand as the U.S. summer season gets underway.

Oil prices rise on demand hopes; OPEC+ meeting looms
May 29, 2024 11:14 PM AEST| By InvestingInvesting.com-- Oil prices rose Wednesday, extending recent gains on expectations that OPEC+ will keep production cuts in place at the onset of the travel-heavy U.S. summer season.

OPEC+ online meeting suggests "nothing to see here" - RBC
May 29, 2024 10:32 PM AEST| By Investing
UBS favors oil, sees more potential upside in gold, copper
May 29, 2024 07:12 PM AEST| By InvestingUBS reiterated positive views on oil, gold, and copper as geopolitical tensions in the Middle East show no signs of stopping.

Gold prices steady amid rate jitters, copper flat with China in focus
May 29, 2024 02:42 PM AEST| By InvestingInvesting.com-- Gold prices steadied in Asian trade on Wednesday as focus remained squarely on upcoming cues on U.S. inflation and interest rates, although a somewhat hawkish outlook on rates kept tra

Gold prices steady as dollar drifts lower amid inflation watch
May 28, 2024 02:06 PM AEST| By InvestingInvesting.com-- Gold prices steadied in Asian trade on Tuesday, seeing some relief from a mildly weaker dollar as traders braced for a swathe of key inflation readings this week, most notably from the

Oil prices steady after rebounding from 3-mth lows, inflation data awaited
May 28, 2024 11:20 AM AEST| By InvestingInvesting.com-- Oil prices steadied in Asian trade on Tuesday after rebounding from more than three-month lows over the past two days, with focus remaining chiefly on upcoming inflation readings this

Gold prices rise slightly after weekly losses; inflation in focus
May 27, 2024 02:56 PM AEST| By InvestingInvesting.com-- Gold prices rose slightly in Asian trade on Monday, recouping some of last week’s losses as traders remained cautious towards metal markets ahead of a key U.S. inflation reading this

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