Breaking News

The decline in oil futures contracts against the rise in gold futures contracts

News Date: 7/12/2022 02:24:50
 

Wall Street closed lower on Tuesday, in light of investors’ concern about the Federal Reserve raising interest rates and amid increasing talk of an expected recession. Stocks pulled their indicators downward, recording clear losses in several sectors, most notably : the oil and natural gas sector, the technology and services sector. Consumerism.

The Standard & Poor’s 500 index fell by 1.43%, or 57.05 points, to close at 3941.79 points, while the Nasdaq Composite fell by 1.99%, or 225.01 points, to reach 11014.93 points. The Dow Jones Industrial Average decreased by 1.02%, equivalent to 347.49 points, to reach 33599.61 points.

 

Oil contracts declined during the Asian session today, falling by 0.22%, to be traded in January at a price of $74.09 a barrel.

It was previously traded at a session low of $73.95 a barrel. Crude oil could find support at $73.43 and resistance at $82.71.

 

On the other hand, gold futures rose on Wednesday.

According to the Comex rating of the New York Mercantile Exchange, gold contracts rose by 0.11%, to be traded in February at $1,784.35 an ounce at the time of writing.

It was previously trading at a session high of $1,787.00 an ounce. Gold may find support at $1778.10 and resistance at $1822.90.

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

Logs

Advertisements