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Oil prices dipped in early trade on Tuesday on the latest progress in last-ditch talks to revive the 2015 Iran nuclear accord, which would clear the way to boost its crude exports in a tight market. Brent crude futures fell 27 cents, or 0.3%, to $96.38 a barrel at 0027 GMT, paring a 1.8% gain
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Euro rises slightly as market sentiments are flip-flopping today. Sterling and Swiss Franc are also trading higher. On the other hand, commodity currencies turn soft with Aussie paring most of recent gains. Dollar and Yen are mixed for now. IN other markets, Silver is trading firmer but Gold is still range bound. WTI crude oil
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There’s a lot of speculation lately about whether the U.S. is officially in a recession. Both President Joe Biden and Federal Reserve Chair Jerome Powell said we’re not there just yet, pointing to the strong labor market and rising wages. The official declaration typically comes from the National Bureau of Economic Research, and it has
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Gold prices were flat on Tuesday as dollar and Treasury yields fell, while investors looked forward to U.S. inflation data later this week that could offer more clarity on the Federal Reserve’s rate hike path. FUNDAMENTALS * Spot gold were flat at $1,786.86 per ounce, as of 0112 GMT, after rising 0.8% in the previous
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