Commodity news

Commodiity
Corona hits US

US-China trade optimism to limit XAU/USD’s rebound

By Administrator_India Capital Sands Gold (XAU/USD) started out the week on the back foot and closed Monday below $1930, extending Friday’s weakness. The spot once again failed to sustain above the $1950 level, as the coronavirus vaccine optimism lifted the risk sentiment and dulled the haven appeal of gold. Wall Street closed at record highs while […]

Read More
Business
Commodity Broker

Investors still remain attracted towards precious metals, thanks to US-China trade tensions

By Administrator_India Capital Sands Last week began with gold trading near record high levels, although a few factors along the way started to turn around, including hopes for a COVID-19 vaccine, rise in treasury yields, strong dollar and positive economic data. There are no words which can describe last week’s movement as even “wild swings” […]

Read More
Commodity Broker
Economic news

Hike in Gold Price Slows, Still Near Record Highs

By Administrator_India Capital Sands Gold hovered around record highs on Wednesday morning in Asia as the US dollar remained weak and debate continued in the U.S. over the next COVID-related stimulus package. Gold futures gained 0.05% to $1,945.60, lower than the $1,968.00 level hit on Tuesday, suggesting that the relentless climb in the price of […]

Read More
Commodiity
Covid-19

Oil Holds Near $41 Amid Concerns About U.S. Demand Recovery

By Administrator_India Capital Sands Oil held losses near $41 a barrel in New York as signs of weakness in the U.S. labor market cast doubt on the strength of the demand recovery in the world’s biggest crude consumer. The first increase in jobless claims since March comes as lawmakers negotiate another virus relief package, while […]

Read More
Commodiity
Economic news

Gold hovers near nine-year high as virus fears drive safe-haven demand

By Administrator_India Capital Sands Gold rose on Tuesday, hovering near a nine-year peak hit in the last session, as worries over a spike in COVID-19 cases and expectations for inflation from more economic stimulus measures boosted demand for the safe-haven metal. Spot gold was up 0.1% at $1,817.23 per ounce, after hitting its highest since […]

Read More
Oil majors slash 2020 spending by 20% after prices slump
Commodiity
Covid-19

Oil falls as crude in U.S. storage nears all-time high

By Administrator_India Capital Sands Oil prices fell on Monday on signs that worldwide oil storage is filling rapidly, raising concerns that production cuts will not be fast enough to catch up with the collapse in demand from the coronavirus pandemic. U.S. oil futures led losses after U.S. crude inventories rose to 518.6 million barrels in […]

Read More
Commodity
UAE

Saudi Arabia may re-route tankers if U.S. imposes crude import ban

By Administrator_India Capital Sands Saudi Arabia is exploring re-routing millions of barrels of oil on board tankers sailing to the United States if President Donald Trump decides to block imports of crude from the kingdom, shipping, and trade sources said. Some 40 million barrels of Saudi oil are on their way to the United States […]

Read More