Category: Gold and Commodities

12 Events to Watch for in 2023

January 4, 2023
BrightBusiness & Marketscryptocurrencyeconomyenergyenergy crisisGold and CommoditiesinflationMarketspersonal financerecessionstockstrendsWorld
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The year 2022 was one of surprises: Russia’s invasion of Ukraine, persistent inflation fueled by energy costs, the collapse of FTX and crypto markets, the revelations of the so-called Twitter Files, and one of the worst equity markets in recent history, to name but a few. The year 2023 is poised to present some equally…

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Oil Falls Again as Concerns Grow Over Global Economy, China COVID-19 Cases

January 4, 2023
Business & Marketseconomic policieseconomyenergyglobalGold and CommoditiesinflationMarketsOilrecessionstocks
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LONDON—Oil fell sharply on Wednesday after slumping in the previous session, weighed down by concerns about weak demand due to the state of the global economy and China’s rising COVID-19 cases. Brent futures fell $1.88 to $80.22 a barrel, a 2.3 percent loss, by 1032 GMT. U.S. crude dropped $1.68, or 2.2 percent, to $75.25…

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Stocks Creep Higher as Inflation Data Offers Hope Ahead of Fed

January 4, 2023
Business & MarketsCompanieseconomic policieseconomyenergyglobalGold and CommoditiesinflationMarketsrecessionstocks
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SINGAPORE/LONDON—European and Asian shares rose on Wednesday thanks to positive news about inflation and China’s strict anti-COVID measures, while the dollar backpedaled as investors await minutes from the Federal Reserve’s most recent meeting. The pan-European STOXX 600 was up 0.9 percent by 0835 GMT as a lower inflation reading from France boosted sentiment, adding to…

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Closing Prices for Crude Oil, Gold and Other Commodities (Jan. 3)

January 3, 2023
Benchmark U.S. crude oilBrightBusiness & MarketsgoldGold and CommoditiesinvestingMarketspersonal finance
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Benchmark U.S. crude oil for February delivery fell $3.33 to $76.93 a barrel Tuesday. Brent crude for March delivery fell $3.81 to $82.10 a barrel. Wholesale gasoline for February delivery fell 12 cents to $2.36 a gallon. February heating oil fell 21 cents to $3.09 a gallon. February natural gas fell 49 cents to $3.99…

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Oil Falls as Outlook for China, Global Economy Weigh

January 3, 2023
Business & Marketseconomic policieseconomyenergyglobalGold and CommoditiesinflationMarketsOilrecessionstocks
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LONDON—Oil prices edged lower on Tuesday in volatile trade as weak demand data from China and a gloomy economic outlook weighed. Brent crude futures fell 46 cents, or 0.54 percent, to $85.45 a barrel by 1017 GMT. U.S. West Texas Intermediate crude was down 38 cents, or 0.47 percent, at $79.88. Both contracts rose by…

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World Markets Mostly Gain Ahead of Fed Report, US Jobs Data

January 3, 2023
Business & MarketsCompanieseconomic policieseconomyenergyGold and CommoditiesinflationMarketsrecessionstocksUS
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BEIJING—Global stock markets and Wall Street futures were higher Tuesday ahead of updates on U.S. jobs amid fears of a possible global recession. Frankfurt, Shanghai, and Hong Kong advanced. Seoul declined. Oil prices rose. Coming off a year of big declines for major stock markets, traders worry the Federal Reserve and other central banks might…

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What Are the Purest Gold Coins? A Quick Guide for Investors

January 2, 2023
Business & MarketsGold and CommoditiesMarketsPurest goldSponsored Content
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Gold is a popular choice among novice and seasoned investors who want to diversify their investment portfolios. When buying gold, you’ll likely discover that varying purity levels can impact its value. So what are the purest gold coins available on the market? Below, we discuss some facts you need to know about understanding the actual gold…

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World Markets Mixed After S&P 500 Ends Worst Year Since 2008

January 2, 2023
Business & MarketsCompanieseconomic policieseconomyenergyglobalGold and CommoditiesinflationMarketsrecessionstocks
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BANGKOK—Shares began the year mixed, with European benchmarks opening higher on Monday after a lackluster session for the few Asian markets not closed for New Year holidays. U.S. markets are also closed. This week brings employment data and minutes from the latest meeting of the Federal Reserve, as 2023 begins with persisting uncertainties over the…

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Closing Prices for Crude Oil, Gold and Other Commodities (Dec. 30)

December 30, 2022
Benchmark U.S. crude oilBrightBusiness & MarketsgoldGold and CommoditiesinvestingMarketspersonal finance
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Benchmark U.S. crude oil for February delivery rose $1.86 to $80.26 a barrel Friday. Brent crude for March delivery rose $2.45 to $85.91 a barrel. Wholesale gasoline for January delivery rose 9 cents to $2.46 a gallon. January heating oil rose 5 cents to $3.36 a gallon. February natural gas fell 8 cents to $4.48…

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Coal, Gas Lead 2022 Commodities Rally; Recession Fears Greet New Year

December 30, 2022
Business & MarketscoalcommoditiesGasGold and CommoditiesMarkets
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SINGAPORE—Coal and natural gas markets were poised on Friday to end 2022 with strong gains after a global energy crisis triggered by the Russia–Ukraine war stoked prices, and tighter supplies expected in 2023 could fuel more gains. Industrial metals, iron ore and rubber are on track to finish in negative territory, pushed down in 2022…

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