Pre. Settlement | N/A |
Settlement Date | 2023-08-29 |
Open | 1,994.60 |
Bid | 0.00 |
Last Price | 1,995.50 |
Day's Range | 1,963.70 - 2,000.50 |
Volume | |
Ask | 0.00 |
By the time you read this, OPEC would have probably decided, even announced, new production levels meant to seize pricing of oil back from the hands of short-sellers who’ve driven the group nuts this year in trying to keep a barrel at $80 or more. Oil revenue is the lifeblood of the economies in OPEC, or the Organization of the Petroleum Exporting Countries, a 13-member Saudi-led group whose main objective is to be the price-setter of the commodity. Ten other oil-producing states, including Russia, that aren’t OPEC members also keep their output closely in line with the group’s for the sake of price.
(Bloomberg) -- From Australian mining behemoths to Florida theme parks, investors are betting on whether companies will benefit or take a hit as extreme weather becomes the norm around the world due to climate change. Most Read from BloombergQatar Airways Plans for Future Without First Class on Long-HaulAmazon Is in Talks to Offer Free Mobile Service to US Prime MembersOPEC+ Latest: Negotiations Drag On Amid African ObjectionsUS Chides China Over Defense Talks as Navy Sails by TaiwanChina Defens
Kinross Gold (KGC) closed at $4.85 in the latest trading session, marking a -0.82% move from the prior day.
Ether and other major cryptos spent much of the day in positive territory.
It might be of some concern to shareholders to see the Aya Gold & Silver Inc. ( TSE:AYA ) share price down 10% in the...
With gold prices gaining so far this year and demand expected to be strong, the near-term outlook of the Zacks Mining - Gold industry looks promising. One can watch stocks like FNV, GFI, AU and AGI, backed by their growth prospects.
Investing.com -- The U.S. debt ceiling deal is done but gold isn’t quite dead yet, as some had been speculating.
U.S. Treasury yields and the dollar rose slightly, while share futures dipped briefly on Friday on a higher-than-expected rise in non-farm payrolls in May but investors maintained bets the Federal Reserve will skip a rate hike at its next meeting. Also supporting the mood was the U.S. Senate passing bipartisan legislation backed by President Joe Biden that lifts the government's $31.4 trillion debt ceiling, averting what would have been a first-ever default. However, despite strong hiring, the unemployment rate rose to 3.7% from a 53-year low of 3.4% in April, and wage pressures are also subsiding, which should offer some comfort to Fed officials battling to bring inflation back to the U.S. central bank's 2% target.
The Swiss firm aims to allow financial institutions and corporates to issue tokenized assets on the Ethereum layer 2 network.
The latest price moves in bitcoin (BTC) and crypto markets in context for June 2, 2023. First Mover is CoinDesk’s daily newsletter that contextualizes the latest actions in the crypto markets.
Global stocks and commodities rose on Friday while the dollar headed for its biggest weekly drop since March, as sentiment was buoyed by signs the Fed will skip a rate hike at its next meeting and by the approval of U.S. debt ceiling legislation. Markets are now focused on U.S. jobs data due at 0830 EST (1230 GMT), the most significant macroeconomic release of the week, for more cues on the Federal Reserve's rate hike path. The U.S. Labor Department's employment report is likely to show nonfarm payrolls increased by 190,000 jobs last month after rising 253,000 in April, according to a Reuters survey of economists.
Global stocks and commodities rose on Friday while the dollar headed for its biggest weekly drop since January, as sentiment was buoyed by signs the Fed will skip a rate hike at its next meeting and the approval of U.S. debt ceiling legislation. Markets are now focused on U.S. jobs data due 0830 EST (1230 GMT), the most significant macro economic release of the week, for more cues on the Federal Reserve's rate hike path. The U.S. Labor Department's employment report is likely to show nonfarm payrolls increased by 190,000 jobs last month after rising 253,000 in April, according to a Reuters survey of economists.
U.S. stocks are seen opening higher Friday as investors cheer the passage of the debt ceiling bill through Congress ahead of the release of the keenly-anticipated monthly jobs report. At 07:00 ET (11:00 GMT), the Dow Futures contract was up 165 points, or 0.5%, S&P 500 Futures traded 20 points, or 0.5%, higher and Nasdaq 100 Futures climbed 55 points, or 0.4%. The U.S. Senate approved on Thursday a deal to raise the country's borrowing limit, following on from the lead of the House of Representatives the previous day after weeks of partisan strife.
NEW YORK (Reuters) -Global shares and U.S. Treasury yields rose on Friday following stronger-than-expected job growth data that raised investor expectations that the Federal Reserve could retain its interest rate hikes. Labor Department data showed on Friday that the U.S. economy added 339,000 jobs last month, significantly higher than most estimates and suggesting tighter labor market conditions which might prompt a Fed rate hike. The market mood was also supported by the U.S. Senate passing bipartisan legislation on Thursday that lifted the federal government's $31.4 trillion debt ceiling and averted what would have been a first-ever default.
Asian stocks surged on Friday as the progress on the bill to raise U.S. debt ceiling and increasing hopes that the Federal Reserve might stand still on interest rates in its next meeting helped perk up investor appetite for risky assets. The U.S. Senate is on track to pass a bill to lift the government's $31.4 trillion debt ceiling late on Thursday in Washington, Democratic Majority Leader Chuck Schumer said, after the House of Representatives passed the bill on Wednesday. The Treasury Department has warned it will be unable to pay all its bills on June 5 if Congress fails to act.
ALSO: BTC-20 tokens are pushing toward a $500 million market cap, and data from Glassnode shows that they have been a boon for miners.
USDT has reached a $83.2 billion market capitalization, recovering all its losses since the implosion of blockchain project Terra more than a year ago.
BTC and ether both lost ground in May, the first monthly decline of 2023. LTC and RNDR were among the month’s big gainers.
Investing.com -- Gold and copper prices edged lower in Asian trade on Friday as markets hunkered down ahead of key nonfarm payrolls data for more cues on the U.S. economy, although both metals marked a strong recovery from recent lows this week.
Global equities rose on Thursday after the U.S. House of Representatives passed a bill to raise the federal debt ceiling, while U.S. Treasury yields fell as data reflected a cooling labor market that reduces the possibility of an interest rate hike by the Federal Reserve. A bill that suspends the $31.4 trillion debt ceiling - and averts a catastrophic government default - sailed through the House of Representatives on Wednesday after a majority of both Democrats and Republicans backed the measure despite opposition from hardline members of both parties. The U.S. Senate will follow up by considering the bill.
The elections in Turkey and subsequent ministry approval to resume gold bar dore production led to a great week for Centerra investors.
The dollar has remained mostly steady pre-NFP as the majority consensus shifted back to a hold on 14 June.
Investing.com -- Gold futures popped above $2,000 an ounce on Thursday, the first time in two weeks, and settled not far from there as the yellow metal looked poised for its best weekly return since March as the dollar tumbled on weaker U.S. employment and manufacturing data that suggested a rate hike pause in the next two weeks.
For the fourth time in 123 years, this ultrapopular commodity appears to be on the verge of a significant bull market.
Global equities rose on Thursday after the U.S. House of Representatives passed a bill to raise the federal debt ceiling, while U.S. Treasury yields fell as data reflected a cooling labor market that reduces the possibility of an interest rate hike by the Federal Reserve.A bill that suspends the $31.4 trillion debt ceiling - and averts a catastrophic government default - sailed through the House of Representatives on Wednesday after a majority of both Democrats and Republicans backed the measure despite opposition from hardline members of both parties. The U.S. Senate will follow up by considering the bill.