Category: Gold and Commodities

Oil Prices Stable as Soaring Dollar Offset by US Output Outages

September 28, 2022
Business & Marketseconomic policieseconomyenergyglobalGold and CommoditiesinflationMarketsOilrecessionstocks
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LONDON—Oil prices were broadly stable on Wednesday as pressure from a strengthening dollar and crude storage builds was offset by U.S. production cuts caused by Hurricane Ian. Brent crude futures were up 5 cents, or 0.06 percent, at $86.32 per barrel by 0937 GMT, while U.S. West Texas Intermediate (WTI) crude futures were down 9…

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World Shares Sharply Lower After Wobbly Day on Wall Street

September 28, 2022
Business & Marketseconomic policieseconomyenergyglobalGold and CommoditiesinflationMarketsrecessionstocks
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TOKYO—World shares tumbled Wednesday after a wobbly day on Wall Street as markets churned over the prospect of a possible recession. U.S. futures and oil prices declined and China’s yuan weakened sharply. Trading has been volatile since the Dow Jones Industrial Average followed other major U.S. indexes into a bear market earlier this week. In…

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Closing Prices for Crude Oil, Gold and Other Commodities (Sept. 27)

September 27, 2022
Benchmark U.S. crudeBrightBusiness & MarketsgoldGold and CommoditiesinvestingMarketspersonal finance
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Benchmark U.S. crude oil for November delivery rose $1.79 to $78.50 a barrel Tuesday. Brent crude for November delivery rose $2.21 to $86.27 a barrel. Wholesale gasoline for October delivery rose 11 cents to $2.49 a gallon. October heating oil rose 13 cents to $3.26 a gallon. October natural gas fell 25 cents to $6.65…

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Oil Rises From 9-month Low on US Gulf Supply Cuts, Softer Dollar

September 27, 2022
Business & Marketseconomic policieseconomyenergyglobalGold and CommoditiesinflationMarketsOilrecessionstocks
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LONDON—Oil rose more than 1 percent on Tuesday from a nine-month low a day earlier, supported by supply curbs in the U.S. Gulf of Mexico ahead of Hurricane Ian and a slight softening in the U.S. dollar. Analyst expectations that the Organization of the Petroleum Exporting Countries and allies, known as OPEC+, may take action…

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World Stocks Edge Above November 2020 Lows, Sterling Recovers Some Ground

September 27, 2022
Business & Marketseconomic policieseconomyenergyglobalGold and CommoditiesinflationMarketsrecessionstocks
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LONDON/HONG KONG—World stocks picked up from 21-month lows on Tuesday and sterling rallied after hitting record lows versus the dollar a day earlier on UK plans for tax cuts, as market slides ran out of steam. U.S. S&P futures bounced 0.94 percent after Wall Street fell deeper into a bear market on Monday, benchmark 10-year…

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Closing Prices for Crude Oil, Gold and Other Commodities (Sept. 26)

September 26, 2022
Benchmark U.S. crudeBrightBusiness & MarketsgoldGold and CommoditiesinvestingMarketspersonal finance
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Benchmark U.S. crude oil for November delivery fell $2.03 to $76.71 a barrel Monday. Brent crude for November delivery fell $2.09 to $84.06 a barrel. Wholesale gasoline for October delivery was unchanged at $2.38 a gallon. October heating oil fell 11 cents to $3.13 a gallon. October natural gas rose 7 cents to $6.90 per…

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Gold Plunges to a 30-Month Low on a Strong US Dollar

September 26, 2022
Business & MarketseconomyGold and CommoditiesGold PricesMarketsU.S. dollarUSWorld
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The price of gold fell to a 30-month low on Sept. 26, due to the growing strength of the U.S. dollar and rising Treasury yields against foreign currencies. This comes amid further prospects of aggressive interest rate hikes by the Federal Reserve and other major central banks in their fight to defeat inflation, causing gold prices…

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How Much Will Silver Be Worth If the US Dollar Collapses in Value?

September 26, 2022
Business & MarketscommoditiesgoldGold and CommoditiesinvestingInvestmentMarketssilverSponsored ContentUS Dollar
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Investors hold silver and gold to hedge economic instability and political crises. Is the move stable enough to sustain market fluctuations long term, though? How much will silver be worth if the U.S. dollar collapses? As an investor, you probably have numerous questions regarding precious metals, such as silver, and it is natural to wonder…

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Oil Prices Hit Nine-Month Low on Recession Fears

September 26, 2022
Business & Marketseconomic policieseconomyenergyglobalGold and CommoditiesinflationMarketsOilrecessionstocks
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LONDON—Oil prices hit nine-month lows on Monday, driven down by an expected decline in fuel demand as rising interest rates raise the likelihood of global recession, with further price pressure coming from a surging U.S. dollar. Brent crude futures for November settlement slipped by 82 cents, or 1 percent, to $85.33 a barrel at 1110…

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World Shares Mixed; British Pound Slides on Tax Cut Concerns

September 26, 2022
Business & Marketseconomic policieseconomyenergyglobalGold and CommoditiesinflationMarketsrecessionstocks
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TOKYO—Global shares were mixed Monday while the British pound declined to an all-time low against the U.S. dollar on concerns over planned tax cuts. France’s CAC 40 rose 0.2 percent in early trading to 5,795.88, while Germany’s DAX added 0.2 percent to 12,311.57. Britain’s FTSE 100 edged 0.1 percent higher to 7,025.51. The futures for…

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