Commodities

Oil prices soar after IEA lifts 2024 crude demand growth forecast

Investing.com-- Oil prices rose Thursday, boosted by the International Energy Agency lifting its annual crude demand growth forecast, while a substantial draw in U.S. gasoline inventories pointed to t

After record highs, what’s next for gold? ANZ weighs in

Investing.com-- Gold prices surged to record highs earlier this week, before swiftly consolidating and settling closer to the $2,150 an ounce levels. Analysts at ANZ Group warned that the yellow metal

Gold prices consolidate before more rate cues, copper rally cools

Investing.com-- Gold prices fell slightly in Asian trade, but kept recent record highs in sight as markets awaited more cues on U.S. interest rates from upcoming producer price index and retail sales

Oil prices steady near 4-mth high after Russia attacks, strong US fuel draws

Investing.com-- Oil prices rose slightly in Asian trade on Thursday, staying near four-month highs after a substantial draw in U.S. gasoline inventories and debilitating attacks on a key Russian fuel

Oil prices settle higher on surprise draw in US crude supplies, Russia disruptions

Investing.com -- Oil prices settled sharply higher Wednesday, as an unexpected draw in U.S. inventories pointed to rising demand just as Russia refineries faced disruptions following Ukraine attacks.

Gold prices fall from record highs, near $2,150 after hot CPI data

Investing.com-- Gold prices steadied in Asian trade on Wednesday, but were nursing a tumble from record highs after a strong U.S. inflation reading kept fears of higher-for-longer interest rates in pl

Australian gold miners fall as CPI data pulls bullion from record highs

Investing.com-- Shares of major Australian gold mining stocks fell on Wednesday, tracking a fall in the prices of the yellow metal, which retreated from record highs tracking hot U.S. inflation data.

Oil prices rise on signs of big US inventory draw, OPEC demand outlook

Investing.com-- Oil prices rose on Wednesday, supported by industry data showing a large, unexpected draw in U.S. inventories, while the OPEC maintained its forecast for strong demand growth in the co

Oil prices settle lower as hotter inflation boosts dollar; OPEC maintains outlook

Investing.com -- Oil prices settled lower on Tuesday, as investors weighed up a hotter-than-expected U.S inflation report and a still-upbeat OPEC outlook on crude demand.

Gold prices retreat from record highs with CPI data in focus

Investing.com-- Gold prices fell in Asian trade on Tuesday, retreating from record highs as traders lock-in some profits ahead of key U.S. inflation data that is widely expected to factor into the pat

Oil prices creep higher with CPI data, OPEC report on tap

Investing.com-- Oil prices rose slightly in Asian trade on Tuesday, with markets remaining largely cautious before key U.S. inflation data that is likely to factor into interest rates, while focus was

Oil prices fall as demand concerns offset tighter supply outlook

Investing.com-- Oil prices slipped lower Monday, extending losses from the prior week as markets remained on edge over slowing demand while largely looking past a tighter supply outlook for 2024.

Gold prices steady with $2,200 in sight; CPI awaited for more rate cues

Investing.com-- Gold prices steadied just below record highs in Asian trade on Monday, with focus turning largely to upcoming U.S. inflation data for more cues on when the Federal Reserve will begin c

Oil prices dip as demand concerns offset tighter supply outlook

Investing.com-- Oil prices fell in Asian trade on Monday, extending losses from the prior week as markets remained on edge over slowing demand while largely looking past a tighter supply outlook for 2

Gold notches 4% weekly gain as record run continues

Investing.com – Gold prices settled at a record high Friday after briefly topping $2,200 for the first ever as growing optimism on major central banks dropping the axe on interest rates in the comin

Oil prices settle lower to end week with loss as oversupply concerns persist

The data justifes "neither a further back up in rates nor a near-term reduction," Stifel said in a note as odds of June rate cut remained roughly unchanged at 58%, according to Investing.com's Fed Rat

Crude oil heads for weekly losses; rate cuts eyed

Oil prices settle lower, but losses stifled by rate-cut optimism

Investing.com-- Oil prices settled lower Thursday, though losses were kept in check by optimism that major central banks are set to cut rates in the coming months, boosting global economic growth and

Oil prices fell on mixed US rate cues weigh; China data supports

Investing.com-- Oil prices fell Thursday, cutting short a recent rally as traders awaited more clues from Federal Reserve Chair Jerome Powell about future monetary policy.

Gold surges to record highs above $2,160 as Powell touts rate cuts

Investing.com-- Gold prices rose to a record high in Asian trade on Thursday, buoyed chiefly by comments from Federal Reserve Chair Jerome Powell that the central bank will cut interest rates in 2024.