Breaking News

Gold and oil futures are falling, affected by the dollar’s advance.

News Date: 28/11/2022 02:00:56

The dollar rose at the beginning of the week’s trading , due to the rush of investors towards it – as a safe haven – and after the Japanese yen fell due to the uncertainty that overwhelmed sentiment and fueled fears due to the protests in China.

The dollar rose against the yuan by 0.76% in early foreign trade in Asia to 7.2456.


Oil futures fell more than $2 a barrel on Monday, with US West Texas Intermediate crude falling to its lowest level in nearly a year, and Brent crude falling $2.16, or 2.6%, to trade at $81.47 a barrel, after falling to $81.16 earlier in the year. The session is at its lowest level since January 11.

US West Texas Intermediate crude fell $ 2.08, or 2.7%, to reach $ 74.20 a barrel, and crude fell to $ 73.82 earlier, its lowest level since December 27 of last year 2021.


Gold prices also declined, affected by the rise in the dollar, as the spot gold price fell 0.4% to trade at $1748.84 an ounce, and US gold futures fell 0.3% to $1749.60.

Latest news

Curse continues... Inflation is following us to 2023 Inflation led most of the banks in the world to raise interest rates, in an attempt to reduce it . The International Monetary Fund expects that t
12-2022 30 06:28:23

Gold prices fluctuate with the reduction of dollar's losses Gold's prices varied after its positive start at the expense of the dollar’s decline, which tended to reduce its losses, while oil c
12-2022 29 03:29:32

Vladimir Putin takes revenge by Russian oil embargo President Vladimir Putin has banned Russian oil in response to the price cap. He has signed a decree retaliating against the West's imposition of
12-2022 28 03:04:38

Gold prices rose today, Tuesday, affected by the decline of the dollar, which declined by 0.3%, and gold rose by 0.4% to reach $1804.99 an ounce, and gold futures rose by 0.4% to reach $1811.90. The
12-2022 27 04:19:22

The first Saudi-Japanese ministerial dialogue meeting for energy The Saudi Prince of Energy and the Japanese Minister of Economy and Industry held a meeting in Riyadh - Saudi Arabia, in which they
12-2022 26 02:50:27

More News