Category: Gold and Commodities

Interest Rate and Recession Fears Knock Stocks and Oil

August 31, 2022
Business & Marketscryptocurrencyeconomic policieseconomyenergyglobalGold and CommoditiesinflationMarketsrecessionstocks
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LONDON—Record-high inflation in the eurozone compounded recession fears stalking markets on Wednesday as central banks on both sides of the Atlantic prepared to raise borrowing costs for businesses and households again next month. Wall Street was set for a muted start as U.S. crude oil prices sank for a second day, trading below $90 a…

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

August 30, 2022
Benchmark U.S. crudeBrightBusiness & MarketsgoldGold and CommoditiesinvestingMarketspersonal finance
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Benchmark U.S. crude oil for October delivery fell $5.37 to $91.64 a barrel Tuesday. Brent crude for October delivery fell $5.78 to $99.31 a barrel. Wholesale gasoline for September delivery fell 19 cents to $2.69 a gallon. September heating oil fell 9 cents to $3.82 a gallon. October natural gas fell 30 cents to $9.04…

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Kremlin: Only Sanctions Prevent Nord Stream Gas Pipeline From Working

August 30, 2022
Business & Marketscrisiseconomic policiesenergyEuropeGasGazpromGold and CommoditiesMarketsNordstreamRussiaRussia-Ukraine WarsanctionsUkraineWorld
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MOSCOW—Nothing stands on the way of Russian gas exports to Europe via the Nord Stream 1 pipeline apart from technological problems caused by Western sanctions, Kremlin spokesman Dmitry Peskov said on Tuesday, a day before another planned maintenance shutdown. Russian energy giant Gazprom has announced it will shut the pipeline for three days from Wednesday…

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Crude in US Emergency Reserve Falls to Lowest Since Dec.1984

August 30, 2022
Business & MarketseconomyemergencyenergyGold and CommoditiesMarketsOilReserveUSUS News
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Crude inventory in the U.S. emergency reserves fell by 3.1 million barrels in the week to Aug. 26, according to data from the Department of Energy. Stockpiles in the Strategic Petroleum Reserve (SPR) fell to 450 million barrels, according to the data, the lowest since December 1984. The 3.1 million-barrel draw was the smallest draw…

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Around 1.5 Million Tons of Food Have Left Ukraine Under Grain Export Deal

August 30, 2022
Business & MarketsEuropeFoodGold and CommoditiesMarketsShipsUkraineWorld
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KYIV, Ukraine—A total of 61 cargo ships carrying around 1.5 million tons of food have left Ukraine under a deal brokered by the United Nations and Turkey to unblock Ukrainian sea ports, the Ukrainian infrastructure ministry said on Tuesday. The ministry said six ships with 183,000 tons of agricultural products left Ukrainian Black Sea ports…

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ECB Bets Boost Euro, Dollar Slips From 20 Year Peak

August 30, 2022
Business & Marketscryptocurrencyeconomic policieseconomyenergyForexglobalGold and CommoditiesinflationMarketsrecessionstocks
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HONG KONG—The euro climbed past parity against a softening dollar on Tuesday, thanks to lower energy prices and the possibility of a super-sized European Central Bank rate hike. The European common currency was 0.41 percent higher at $1.00390, extending the previous day’s rally, albeit from near 20-year lows. “It’s about the ECB being priced far…

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Oil Tumbles on Inflation Woes, Iraq Exports

August 30, 2022
Business & Marketseconomic policieseconomyenergyglobalGold and CommoditiesinflationMarketsOilrecessionstocks
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LONDON—Oil prices fell Tuesday on fears that an inflation-induced weakening of global economies would soften fuel demand, and as Iraqi crude exports have been unaffected by clashes. Brent crude futures for October settlement fell $2.45, or 2.33 percent, to $102.64 a barrel by 1022 GMT, after climbing 4.1 percent on Monday, the biggest increase in…

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Shares Tiptoe Higher Amid Hiatus in Bad News

August 30, 2022
Business & Marketseconomic policieseconomyenergyglobalGold and CommoditiesinflationMarketsrecessionstocks
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HONG KONG/LONDON—Shares crept up slightly and bonds held steady on Tuesday as investors awaited the next round of likely gloomy inflation data while also juggling concerns about Europe’s energy crisis, a looming recession, and more rate hikes. The pan-European STOXX index rose nearly 1 percent, led by bank shares as lenders were lifted by increased…

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Closing Prices for Crude Oil, Gold and Other Commodities (Aug. 29)

August 29, 2022
Benchmark U.S. crudeBrightBusiness & MarketsgoldGold and CommoditiesinvestingMarketspersonal finance
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Benchmark U.S. crude oil for October delivery rose $3.95 to $97.01 a barrel Monday. Brent crude for October delivery rose $4.10 to $105.09 a barrel. Wholesale gasoline for September delivery rose 3 cents to $2.88 a gallon. September heating oil fell 10 cents to $3.91 a gallon. September natural gas rose 5 cents to $9.35…

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What Is a Gold IRA and How Does It Work?

August 29, 2022
Business & MarketsGold and CommoditiesGold IRAMarketsSponsored Content
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A gold IRA is similar to a traditional individual retirement account (IRA)—account holders can gradually fund their accounts until they are ready to retire and cash them out. Gold IRAs include similar contribution limits and withdrawal restrictions to cash IRAs. However, holders can provide gold IRAs with gold and silver coins or bars instead of feeding the…

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