Tin prices may not recover until the end of H1 this year
Tin prices have declined by 17 per cent over the past month and they are likely to be under pressure until the first half of 2023 due to the strength of the dollar and slack demand.“We anticipate that prices will remain pressured over H123 as the global economy continues to slow,” said Fitch Solutions Country […]
Oil prices rise as US recession fears over rate hikes ease, dollar weakens
Oil prices climbed on Wednesday underpinned by a weaker dollar, which fell on signs of slowing inflation in the United States, easing fears that the world’s largest oil user may face a recession because of further interest rate hikes. Brent crude futures gained 20 cents, or 0.2%, to $85.66 a barrel […]
Oil sinks over 8% in 2 days to below $79, biggest one-day loss in 3 months
Oil fell sharply on Wednesday after slumping in the previous session, weighed down by concerns about weak demand due to the state of the global economy and China’s rising Covid cases. Brent futures fell $3.70 to $78.40 a barrel, a 2.9 per cent loss. US crude dropped 3.5 […]
Gold prices rise as dip in $ makes bullion less expensive for buyers
By Ashitha Shivaprasad (Reuters) – Gold prices rose on Tuesday as a dip in the dollar made bullion less expensive for buyers holding other currencies, although trading was thin after the long Christmas weekend. Spot gold was up 0.6% at $1,807.69 per ounce, as of 0704 GMT. […]