Commodities News
Economies.com provides the latest news and fundamental analysis about Commodities. In this section you may read about all the international economic and political events affecting the commodities rates such as the Precious Metals (Gold, Silver, etc) as well as Crude Oil, Brent Oil, Platinum etc.
Global oil prices fell in American trade on Tuesday, approaching two-week lows as the US now expects little response from Israel to the unprecedented Iranian attack on Israel soil.
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Will gold prices scale $3000 an ounce in 2024?
2024-04-16 11:59AM UTC
Gold prices continued to move in a positive zone and approached the record highs scaled last week above $2400 an ounce.
Prices are underpinned by mounting geopolitical tensions between Iran ...
Gold enters a downward correctional cycle in wait for Israeli response
2024-04-16 08:43AM UTC
Gold prices declined in European trade on Tuesday on profit-taking, after the precious metal touched a record high on Monday while investors shun off major positions in wait for the Israeli response ...
Brent backs off six-month peak as Iran-Israel war concerns subside
2024-04-15 13:18PM UTC
International benchmark Brent fell in European trade off six-month highs, trading below $90 a barrel on active profit-taking.
The losses came as concerns about a war between Iran and Israel ...
Gold resumes gains near record highs
2024-04-15 10:03AM UTC
Gold prices rose in European trade on Monday, resuming gains after a hiatus on Friday and approaching record highs once more as the dollar slowed down.
The gains are curtailed however ...
Oil prices return higher on Middle East tensions
2024-04-12 12:44PM UTC
Global oil prices rose in European trade on Friday, resuming their advance and approaching six-month highs amid mounting Middle East tensions as Iran vows to respond to a presumed Israeli airstrike ...
Silver trades above $29 for first time in 3 years
2024-04-12 11:34AM UTC
Silver prices rose in European trade on Friday on track for the second profit in a row, moving above $29 an ounce for the first time in three days amid strong demand on precious metals due to ...
Gold prices reach $2400 for first time in history
2024-04-12 09:20AM UTC
Gold prices rose in European trade on Friday on track for the second profit in a row, trading above $2400 for the first time in history amid strong haven demand due to the mounting tensions between ...
Copper returns lower as dollar gains ground
2024-04-11 16:10PM UTC
Copper prices fell on Thursday as the dollar gained modest ground against most major rivals, pressuring dollar-denominated industrial metals.
Copper May futures rose 2.1% back on ...
Oil prices decline after US inventory data
2024-04-11 13:06PM UTC
Oil prices fell in European trade on Thursday, resuming its losses after a short hiatus yesterday following a spike in US crude stocks.
Prices are also pressured by the dollar's steep rise ...