Gold price today: Weaker dollar supports yellow metal but hawkish Fed could cap gains

Gold prices rised slightly in global markets on Tuesday as the dollar fell from a 20-year high, offsetting pressure from expectations the U.S Federal Reserve kept interest rates higher for longer to combat inflation broadcast. Spot gold was up 0.1% to $1,739.1 an ounce. Morning, gold contracts traded were down 0.29% on the Multi Commodity…

Read More

U.S. Stabilization of the crude structure, tight distribution beliefs control losses

U.S. Energy Information Management (EAA) U.S. Confirming an astonishing structure in the supply of crude oil, the rising Govt-19 cases reduce the global fuel demand outlook. However, the black liquid kept most of its gains from the previous session above expectations that products would be tight by the end of 2021. Brent oil futures rose…

Read More