Oil extends gains, Brent rises above $68
Oil prices rose on Monday, extending gains thanks to optimism over the global demand, while the US dollar fell against its peers.
Oil extended gains thanks to expectations about the gradual demand recovery and growth in many major economies around the world.
As efforts continue in controlling the Covid-19 outbreak, the US health authorities are preparing to reduce precautionary measures for vaccinated citizens.
The dollar index fell against a basket of major currencies by 0.2% to 89.8 points as of 16:30 GMT, after hitting a high of 90.1 points and a low of 89.8 points.
As of 16:30 GMT, WTI crude June futures rose 3.2% to $65.6 a barrel, with a day high of $65.7 and a low of $63.6.
Brent June futures rose 2.6% to $68.1 a barrel, after hitting a day high of $68.3 and a low of $66.4.
Silver closes 1.5% higher as dollar and US bond yields fall
Silver prices rose on Monday, as the US dollar fell against its peers following a retreat in the US Treasury bond yields.
The 10-year US Treasury bond yield fell today to 1.606%.
The markets are focused the released US economic data, especially after signs on inflation to rise above the Fed's target of 2% next year.
As efforts continue in controlling the Covid-19 outbreak, the US health authorities are preparing to reduce precautionary measures for vaccinated citizens.
The dollar index fell against a basket of major currencies by 0.2% to 89.8 points as of 20:13 GMT, after hitting a high of 90.1 points and a low of 89.8 points.
Silver July futures rose 1.5% or 42 cents, and closed at $27.91 an ounce.
Gold closes at highest level since January
Gold futures rose on Monday, as the US dollar fell against its peers following a drop in the US Treasury bond yields.
The 10-year US Treasury bond yield fell today to 1.606%.
The markets are focused the released US economic data, especially after signs on inflation to rise above the Fed's target of 2% next year.
As efforts continue in controlling the Covid-19 outbreak, the US health authorities are preparing to reduce precautionary measures for vaccinated citizens.
The dollar index fell against a basket of major currencies by 0.2% to 89.8 points as of 19:24 GMT, after hitting a high of 90.1 points and a low of 89.8 points.
Gold June futures rose 0.4% or $7.80, and closed at the highest price since January 17 at $1884.5 an ounce.
Dollar slides as US Treasury yields slide
The US dollar fell against most of its rivals on Monday, as the US Treasury bonds yield fell, while investors turned to stock markets.
The 10-year US Treasury bond yield fell today to 1.606%.
The markets are focused the released US economic data, especially after signs on inflation to rise above the Fed's target of 2% next year.
As efforts continue in controlling the Covid-19 outbreak, the US health authorities are preparing to reduce precautionary measures for vaccinated citizens.
Johns Hopkins University reported that the number of coronavirus infections rose to more than 160 million cases worldwide, and the death toll is rising.
The dollar index fell against a basket of major currencies by 0.2% to 89.8 points as of 17:54 GMT, after hitting a high of 90.1 points and a low of 89.8 points.