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Oil

NEWS DESK

Oil Adds Fuel to the Fire – Lunaro Weekly Report

Friday Closing Prices S&P 500 7,657 (+0.86%) Nasdaq 26,333 (+0.96%) Gold $4,349 (+0.75%) Brent Crude Oil $104.35 (-4.20%) Last week, our title ‘The Fed Hike Is Back On The Table’ was apt, with Friday’s data reinforcing that view as hotter US inflation and another surge in oil prices combined to push expectations of an imminent […]
NEWS DESK

Gold Gains on Fed Easing Bets While Hormuz Risks Keep Oil Elevated – Comments from Century Financial

Gold & Silver Gold is trading 0.55% higher at $4,401 per ounce this morning, rebounding after Thursday’s 1.3% decline as weaker-than-expected US retail sales reinforced expectations for a more accommodative Federal Reserve. Softer economic data has pushed Treasury yields lower and weighed on the dollar, strengthening the macro backdrop for non-yielding assets such as