UBS raises gold target to $5,400 an ounce, backs de-dollarization trend
UBS has raised its 12-month gold target to $5,400 an ounce, arguing that the shift away from the US dollar…
Commodities News
Latest commodities market news — gold, silver, oil, natural gas and metals. Price movements, supply factors and macro drivers explained by our analysts.
US diesel stockpiles hit record seasonal low as exports surge
US diesel and heating oil stockpiles fell to a record seasonal low of 103.4 million barrels in the week ending…
Oil Falls as Iran-Oman Strike Hormuz Deal, Russia Threatens Ukraine Escalation
Oil prices fell Wednesday as diplomatic progress toward reopening the Strait of Hormuz outweighed renewed Russia-Ukraine tensions in a volatile…
Oil’s War Premium Unwinds Faster Than Gulf Supply Can Recover
West Texas Intermediate fell to $80.52 on Wednesday, its third straight down session, as diplomatic progress on reopening the Strait…
Gold Slips 1.4% as Firmer Dollar Follows Mixed US Inflation Data
Gold slipped on Wednesday as a firmer dollar followed mixed US inflation and growth data that left the Federal Reserve's…
