Gold holds above $4,000 as traders shift focus to the FOMC vote split
Gold has settled into a narrow range above $4,000 after last week's Middle East risk premium faded and Brent crude…
Commodities News
Latest commodities market news — gold, silver, oil, natural gas and metals. Price movements, supply factors and macro drivers explained by our analysts.
Brent crude climbs 3.8% to $87.26 as US and Iran resume strikes
Brent crude rose 3.8% to $87.26 a barrel on Wednesday morning after the US military said it knocked down an…
U.S.-Saudi consortium plans $5 billion Gulf refinery outside the Strait of Hormuz
A U.S.-Saudi consortium named MERA Oil is advancing plans for a $5 billion refinery in the Persian Gulf with a…
Gold holds near weekly lows as traders hedge into the FOMC decision
Two catalysts are pinning gold near weekly lows: today’s FOMC decision and a renewed escalation on the US-Iran front. The…
Gold edges up before Fed decision as oil rebound revives inflation concerns
Gold edged up 0.4% to $4,043.38 an ounce on Wednesday as investors held back before the U.S. Federal Reserve’s policy…
