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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.

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