Tag: Silver mcx news
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Oil Up Boosted by Key Markets, Ahead of OPEC+ Meeting
Oil was up Wednesday morning in Asia as a strong economic rebound of key consumers boosted fuel demand and drained bloated inventories. Investors now await the Organization of the Petroleum Exporting Countries and allies (OPEC+) meeting for clues on production policy.
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Gold Holds Gain as Powell Reiterates Rising Inflation Won’t Last
Gold held an advance as investors weighed comments by Federal Reserve Chair Jerome Powell, who reiterated that higher inflation will likely be transitory.
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Latest Crude Oil Updates
Oil prices nudged up on Monday, underpinned by strong demand during the summer driving season and a pause in talks to revive the Iran nuclear deal that could indicate a delay in resumption of supplies from the OPEC producer.
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Gold Up, But Set for Worst Week Since March 2020 Over Hawkish Fed Decision
Gold was up on Friday morning in Asia. However, the yellow metal is set to close the week at its lowest level since March 2020 as investors continued to digest the U.S. Federal Reserve’s surprisingly hawkish policy decision.
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