Tag: commodity markets

Gold struggles to hold above $1,800 as traders look ahead to Fed meeting

Gold futures wavered between small gains and losses on Monday holding around the key $1,800 mark, finding some support as the U.S. dollar softened, as...

Dow futures drift higher as investors watch for retail sales to end the week

U.S. stock-index futures on Friday were trading slightly higher ahead of a data on June retail sales, after a week featuring assurances by Federal Reserve...

Oil slumps on OPEC compromise expectations, COVID variant concerns

Oil futures fell Thursday, extending a slump that began in the previous session after data showed a rise in U.S. fuel supplies and after reports...

Gold heads for highest finish in nearly a month as Powell says inflation will moderate

Gold futures headed toward their highest finish in nearly a month on Wednesday, with prices up for a second session. Softness in the U.S. dollar...

OPEC Reaches Compromise With U.A.E. Over Oil Production

OPEC reached a compromise with the United Arab Emirates, agreeing to lift the amount of oil the cartel member can eventually pump as part of...

Oil extends bounce but remains on track for weekly loss

Oil futures rose sharply Friday, extending a bounce from the previous session triggered by a sharp fall in U.S. crude and gasoline inventories, but remain...

U.A.E. Pushes to Produce More Crude, Creating OPEC Deadlock

Behind the standoff inside OPEC over whether to boost oil production is a key cartel member with a new strategy: sell as much crude as...

Stock futures pause for breath with S&P 500, Nasdaq at records

U.S. stock-index futures were in a holding pattern near record highs on Tuesday as investors returned from a three-day weekend. Investors were also keeping tabs...

OPEC+ calls off output talks again Monday, leading crude oil prices to surge

Oil prices rose on Monday, driven higher after the OPEC+ group of producers again called off talks on output levels, failing in its third attempt...

What’s next for oil prices as OPEC+ deadlocks, with more talks set for Monday

Never underestimate OPEC’s reserves of last-minute drama. The Organization of the Petroleum Exporting Countries and its allies, including Russia, had appeared on track Thursday to...

Buckle up: This July 4, gas prices will hit $3.62 a gallon in some regions

Think about this when you fill your tanks this weekend. Heading into the July 4 holiday, gasoline prices are hovering at $3.09 a gallon on...

Gold logs back-to-back gains to start July, second half of 2021

Gold futures finished higher Thursday, supported by opportunistic buying and an unwind of short bets overnight, amid a rise in the dollar to a three-month...

Cathie Wood’s ARK Invest is readying the first bitcoin ETF with 21Shares

ARK Invest is teaming up with 21Shares AG’s U.S. affiliate, which serves as the filer and issuer of the ARK 21Shares Bitcoin ETF. You can...

Gold prices finish higher after sharpest weekly skid in over a year

Gold futures ended higher Monday, with the precious metal scoring a partial rebound from its steepest weekly decline since March 2020. Bullion’s gains came as...

U.K. unemployment rate drops again, as British stocks open at highest level since February 2020

The U.K. unemployment rate fell to 4.7% in the February to April period, government data showed, marking the fourth straight month of declines after the...

Musk says Tesla sold about 10% of bitcoin to test market, and will ‘resume allowing crypto transactions’ when 50% of miners are green

Prices of the world’s No. 1 crypto on Sunday were trading sharply higher, as digital-asset bull Elon Musk said Tesla would resume allowing transactions at...

How oil soaring to $100 a barrel could be bad for this boom-bust sector and the economy

Oil companies often find religion in the wake of a boom-and-bust cycle, including after last year when crude prices crashed into negative territory for the...

Dow futures rise after May jobs report shows less-than-expected gain of 559,000

U.S. stock-index futures gained some altitude Friday morning, after the May nonfarm payrolls report showed a less-than-expected gain, leading investors to believe that the Federal...

Oil prices surge to more than 2-year high ahead of OPEC+ meeting

Oil prices surged to the highest level in more than two years on Tuesday, as investors awaited a meeting of the Organization of the Petroleum...

A ‘bloody crypto’ Memorial Day weekend? Some bitcoin bulls are dreading the long U.S. holiday break

Bullish investors in bitcoin aren’t all jazzed about the long U.S. Memorial Day holiday weekend ahead. The sun, the fresh air, barbecues, the first major...

Bitcoin, GameStop and NIO bets turned this flight attendant into a millionaire: Now he’s wagering it all in one final push to $3 million

Don’t invest like Andrew Dawood — you may never be as lucky. The Egyptian-born resident of Dubai turned roughly $50,000 in savings into $1.7 million...

Gold slips back from key $1,900 level ahead of U.S. data

Gold prices hovered under the key level of $1,900 on Thursday, as investors waited economic data that could offer clues as to whether the commodity’s...

Crypto investor-protection talk heats up but lawmakers hope to allow buyers to ‘dogecoin to their heart’s content’

A bout of volatility in the past month in the crypto market has helped to reignite a push for increased scrutiny of the nascent digital-asset...

‘Where the crypto market goes from here is completely dependent on the stock market,’ says digital-asset tycoon Barry Silbert

Want to know where the crypto market goes from here? Barry Silbert, a power player in the digital-asset sector, says that investors ought to look...

Bitcoin prices tumble 50% from peak and Mark Cuban calls the crypto crash the ‘great unwind’

Bitcoin prices on Sunday afternoon were in free fall anew, with the world’s No.1 crypto spiraling down more than 50% from a peak in around...