Category: Gold and Commodities

Closing Prices for Crude Oil, Gold and Other Commodities (Aug. 22)

August 22, 2022
Benchmark U.S. crudeBrightBusiness & MarketsgoldGold and CommoditiesinvestingMarketspersonal finance
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Benchmark U.S. crude oil for September delivery fell 54 cents to $90.23 a barrel Monday. Brent crude for October delivery fell 24 cents to $96.48 a barrel. Wholesale gasoline for September delivery fell 13 cents to $2.89 a gallon. September heating oil rose 8 cents to $3.78 a gallon. September natural gas rose 34 cents…

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What Affects Gold Prices? Factors That Affect Gold Pricing

August 22, 2022
Business & MarketsGold and CommoditiesGold PriceMarketsSponsored Content
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Whether you’re looking to invest in physical gold or use this precious metal to make jewelry, you likely wonder what affects gold prices. Predicting the price of gold isn’t as easy as tracking supply and demand. Several factors influence the price of gold, making price predictions tricky. This guide explains the most common factors affecting…

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Oil Slumps on Fears Over Economic Slowdown, Stronger Dollar

August 22, 2022
Business & Marketseconomic policieseconomyenergyglobalGold and CommoditiesinflationMarketsOilrecessionstocks
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LONDON—Oil prices slumped on Monday as investors were concerned that aggressive U.S. interest rate hikes might weaken the global economy and fuel demand while a stronger dollar also weighed. Brent crude futures for October settlement fell $1.60, or 1.6 percent, to $95.12 a barrel by 0900 GMT. U.S. West Texas Intermediate (WTI) crude futures for…

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Shares Slide, Dollar Dominates as Rate Hike Fears Mount

August 22, 2022
Business & Marketseconomic policieseconomyenergyglobalGold and CommoditiesinflationMarketsrecessionstocks
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SYDNEY/LONDON—Shares slipped on Monday and the dollar extended its climb amid angst over global growth as most central banks keep raising rates, while a modest easing by China served only to highlight troubles in its property market. U.S. Federal Reserve Chair Jerome Powell headlines a host of policy makers at Jackson Hole later in the…

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Where Will Gold Prices Go? It Depends on the Economy

August 21, 2022
Business & MarketsBusiness ColumnistsGold and CommoditiesGold PricesInvestmentMarketsOpinionViewpoints
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Commentary Gold, traditionally an inflation hedge and a haven investment during times of market duress, has not been an effective investment this year. Inflation has been elevated. The Consumer Price Index was up 8.5 percent in July versus a year ago, slightly lower than the 9.1 percent year-over-year reading in June. And despite a recent…

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Russia’s Gazprom to Shut Gas Pipeline to Europe for 3 Days

August 20, 2022
Business & MarketseconomyenergyEuropeGasGold and CommoditiesmaintenanceMarketsNord Stream 1World
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MOSCOW—A key Russian natural gas pipeline will shut down for three days of maintenance at the end of this month, the state-owned energy company Gazprom announced Friday, raising economic pressure on Germany and other European countries that depend on the fuel to power industry, generate electricity, and heat homes. The latest shutdown will come a…

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Two More Grain Ships Leave Ukraine, Turkey’s Defense Ministry Says

August 20, 2022
Business & MarketsEuropeFoodGold and CommoditiesgrainMarketsShipsUkraineWorld
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ANKARA/KYIV—Two more ships carrying grain have left Ukraine’s Chornomorsk port, Turkey’s Defense Ministry said on Saturday, bringing the total number of vessels to leave Ukraine’s Black Sea ports under a U.N.-brokered grain export deal to 27. The Zumrut Ana and MV Ocean S, which are authorized to depart on Aug. 20, were loaded with 6,300…

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Russia Is China’s Top Oil Supplier for 3rd Month in July: Customs Data

August 20, 2022
Business & MarketsChinaChina Business & EconomycustomsdataeconomyenergyEuropeGold and CommoditiesMarketsOilRussiatradeWorld
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Russia held its spot as China’s top oil supplier for a third month in July, data showed on Saturday, as independent refiners stepped up purchases of discounted supplies while cutting shipments from rival suppliers such as Angola and Brazil. Imports of Russian oil, including supplies pumped via the East Siberia Pacific Ocean pipeline and seaborne…

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Closing Prices for Crude Oil, Gold and Other Commodities (Aug. 19)

August 19, 2022
Benchmark U.S. crudeBrightBusiness & MarketsgoldGold and CommoditiesinvestingMarketspersonal finance
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Benchmark U.S. crude oil for September delivery rose 27 cents to $90.77 a barrel Friday. Brent crude for October delivery rose 13 cents to $96.72 a barrel. Wholesale gasoline for September delivery fell 1 cent to $3.02 a gallon. September heating oil rose 5 cents to $3.70 a gallon. September natural gas rose 15 cents…

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Russian Ruble Nears 4-week High Versus Dollar

August 19, 2022
Business & Marketseconomic policieseconomyEuropeGold and CommoditiesMarketsRussiaRussia-Ukraine WarstocksWorld
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MOSCOW—The ruble firmed to a near four-week high against the dollar in early trade on Friday, supported by month-end tax payments that boost demand for the Russian currency, while shares in fertilizer producer Phosagro surged after strong results. At 0704 GMT, the ruble was 0.5 percent stronger against the dollar at 59.20 after briefly hitting…

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