COMMODITY INSIGHTS
Commodities are capturing vastly the attention of investors amid the latest monetary turbulence. Our experts, therefore, demonstrate the daily global commodity key developments to know.
28 Jun 2023
Brent oil falls below $73/b on demand worries despite geopolitical risks
Both Brent and WTI crude oil prices extended recent losses by another 2.5% on Tuesday, falling as low as $72.80/b and $67.90/b respectively as moderate economic growth...
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12 Jun 2023
Brent falls over 2% to $73/b on deteriorating economic and demand outlook
Both crude oil contracts started the new week on left footing by retreating over 2% from Friday’s closing, with the price of the international benchmark Brent falling...
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30 May 2023
Gold hits a two-month low of $1,930/oz on debt agreement and a soaring dollar
The price of gold dropped as much as 2% to nearly $1,930/oz on Tuesday morning, posting its lowest level since mid-March as investors move away from havens to pivot into risk-driven assets following...
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23 May 2023
Copper hits a seven-month low of $3.61/lb on deteriorating demand outlook
Copper slumped the most in seven months as weaker-than-expected macroeconomic data in China, Europe, and the USA, fears of a global recession, U.S. default risk, and the...
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18 May 2023
Bullion retreat from yearly highs on a stronger dollar and U.S. debt optimism
A rebounding U.S. dollar and the improved market risk sentiment have added some pressure on the dollar-denominated bullion, with the prices of Gold falling as low as...
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15 May 2023
WTI oil falls to $70/b on recession fears and sluggish demand outlook
The crude oil complex extends last week’s losses into the fresh week during Monday’s morning trading session, with WTI falling back below the key $70/b level, and Brent dropping to $74/b as...
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