Benchmark U.S. crude oil for September delivery fell $3.53 to $96.35 a barrel Thursday. Brent crude for September delivery fell $3.06 to $103.86 a barrel. Wholesale gasoline for August delivery fell 13 cents to $3.15 a gallon. August heating oil fell 1 cent to $3.59 a gallon. August natural gas fell 7 cents to $7.93…
Closing Prices for Crude Oil, Gold and Other Commodities (July 20)
Benchmark U.S. crude oil for August delivery fell $1.96 to $102.26 a barrel Wednesday. Brent crude for September delivery fell 43 cents to $106.92 a barrel. Wholesale gasoline for August delivery fell 3 cents to $3.28 a gallon. August heating oil fell 2 cents to $3.60 a gallon. August natural gas rose 74 cents to…
Closing Prices for Crude Oil, Gold and Other Commodities (July 19)
July 19, 2022
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Benchmark U.S. crude oil for August delivery rose $1.62 to $104.22 a barrel Tuesday. Brent crude for September delivery rose $1.08 to $107.35 a barrel. Wholesale gasoline for August delivery rose 4 cents to $3.31 a gallon. August heating oil fell 3 cents to $3.63 a gallon. August natural gas fell 21 cents to $7.26…
Closing Prices for Crude Oil, Gold and Other Commodities (July 18)
Benchmark U.S. crude oil for August delivery rose $5.01 to $102.60 a barrel Monday. Brent crude for September delivery rose $5.11 to $106.27 a barrel. Wholesale gasoline for August delivery rose 5 cents to $3.25 a gallon. August heating oil fell 4 cents to $3.66 a gallon. August natural gas rose 46 cents to $7.48…
Gold Collapses to Lowest Level Since December 2021 on US Dollar Strength
July 5, 2022
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Gold prices are plummeting, joining the broader market meltdown on growing recession fears. August gold futures plummeted more than 2 percent to around $1,765 per ounce on the COMEX division of the New York Mercantile Exchange. This is the lowest level since December 2021. The yellow metal is down more than 3 percent over the…
The Curse of Monetary Complexity
Complexities come with an insidious burden and blindness that human nature oddly finds attractive. Complexity is often equated with sophistication, however, erroneously. Complex objects, ideas, and systems tend to elicit awe. Complex problems tend to be treated with complex solutions. Not surprisingly, such is the state of monetary affairs. The thing about complexity is that…
Stocks, Bonds, Real Estate, Gold, Crypto: How to Choose
You’ve made a decision and are going to start saving some of your income. Perhaps you have picked a number already—twenty percent of your funds will be invested. You are determined to honor this personal commitment all the way to your retirement. In past generations, people would simply put their savings in a bank account,…
Cryptocurrency Vs Gold, Which Investment Is Better?
Investors have turned to both gold and cryptocurrency as alternative investments meant to keep their money safe. But how does crypto compare to gold? What are the advantages and disadvantages of these currencies, and should an investor consider one over the other? The Many Types of Crypto First, let’s establish that there are many different…
Gold Falls to 2.5 Month Trough, Fed Rate Hike in Focus
Gold prices fell on Tuesday to their lowest level since mid-February as investors braced for more aggressive rate hikes from the U.S. central bank that have boosted the dollar and Treasury yields and lifted the opportunity cost of holding gold. Spot gold fell 0.3 percent to $1,857.48 per ounce by 09:42 GMT. Prices fell to…
Gold Gains Over 1 Percent, but Set for Monthly Decline
Gold prices rallied 1 percent on Friday on the back of a retreat in the dollar, but the metal was set to end the month lower on bets of aggressive policy tightening by the U.S. Federal Reserve. Spot gold was up 0.7 percent at $1,908.20 per ounce by 1607 GMT. However, it was on course…
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