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Oil from U.S. reserves sent overseas as gasoline prices stay high

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Crude Oil will go upwards on supply concerns, after falling during the previous two sessions.

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To reopen the market, the LME proposed a solution: Xiang should strike a deal with holders of long positions to close out his trade. But a price of around $50,000 would be more than twice the level at which he had entered his short position, and would mean accepting billions of dollars in losses.

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metal prices, such as nickel, have been trading lower to the tune of 20–35%, with a few exceptions such as Nickel, which is trading nearly 50% off its recent highs.

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Last Updated on : 10:40:22 07-Jul-2022

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Gold Prices Today: Yellow metal under pressure as Fed minutes hint ‘restrictive’ monetary policy

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World’s largest cryptocurrency Bitcoin hovered around 16 lakh. It’s dominance in the crypto market declined marginally by 0.14 percent to 42.41 percent over the last day.

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Gold Price Forecast: XAUUSD’s path of least resistance appears down, NFP awaited.

Recession fears will continue lingering, as the US Fed remains on track for an aggressive tightening path to fight raging inflation.

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