Category: Gold and Commodities

Shares Rise, Yen Climbs as BOJ Battles Bond Bears

January 16, 2023
Business & Marketseconomic policieseconomyenergyglobalGold and CommoditiesinflationMarketsrecessionstocks
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SYDNEY/LONDON—Shares firmed on Monday as optimism over corporate earnings and China’s reopening offset concerns the Bank of Japan (BOJ) might temper its super-sized stimulus policy at a pivotal meeting this week, while a holiday in U.S. markets made for thin trading. The yen climbed to its highest since May after rumours swirled the BOJ might…

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Closing Prices for Crude Oil, Gold and Other Commodities (Jan. 13)

January 13, 2023
Benchmark U.S. crude oilBrightBusiness & MarketsgoldGold and CommoditiesinvestingMarketspersonal finance
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Benchmark U.S. crude oil for February delivery rose $1.47 to $79.86 a barrel Friday. Brent crude for March delivery rose $1.25 to $85.28 a barrel. Wholesale gasoline for February delivery rose 5 cents to $2.53 a gallon. February heating oil rose 4 cents $3.26 a gallon. February natural gas fell 28 cents to $3.42 per…

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China Demand Optimism Sets Oil on Track for Strong Weekly Gain

January 13, 2023
Business & Marketseconomic policieseconomyenergyglobalGold and CommoditiesinflationMarketsOilrecessionstocks
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Oil prices rose on Friday, set to gain more than 6 percent for the week, on solid signs of demand growth in top oil importer China and expectations of less aggressive interest rate rises in the United States. Brent crude futures rose by 5 cents to $84.08 a barrel by 0746 GMT, off a session…

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Yen Soars as Markets Test BOJ, Stocks Cheered by Inflation Retreat

January 13, 2023
Business & MarketsCompanieseconomic policieseconomyenergyglobalGold and CommoditiesinflationMarketsrecessionstocks
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LONDON—World stocks scaled one-month peaks on Friday thanks to signs inflation is easing, while the yen jumped to seven-month peaks and Japanese bond yields breached a central bank target as investors challenged its commitment to loose monetary policy. European shares opened higher and the broad STOXX 600 index touched its highest since April, while Asian-Pacific…

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Closing Prices for Crude Oil, Gold and Other Commodities (Jan. 12)

January 12, 2023
Benchmark U.S. crude oilBrightBusiness & MarketsgoldGold and CommoditiesinvestingMarketspersonal finance
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Benchmark U.S. crude oil for February delivery rose 98 cents to $78.39 a barrel Thursday. Brent crude for March delivery rose $1.36 to $84.03 a barrel. Wholesale gasoline for February delivery rose 5 cents to $2.48 a gallon. February heating oil was unchanged at $3.22 a gallon. February natural gas rose 3 cents to $3.70…

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House Passes Bill Blocking Strategic Petroleum Reserve Exports to China

January 12, 2023
2022 Midterm ElectionsbidenBusiness & MarketsChinacongressDefending Americaeconomic policieseconomyenergyFeatured TopicsGold and CommoditiesMarketsOilPolicies & ImpactsPoliticsRepublicansSPRStrategic Petroleum ReserveUSUS NewsValues and Tradition
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The House of Representatives has greenlit a bill to block exports from the Strategic Petroleum Reserve (SPR) to China. H.R. 22, “Protecting America’s Strategic Petroleum Reserve from China Act,” on Jan. 12 passed overwhelmingly, 331–97. On the Republican side there were 218 yeas, while on the Democrat side there were 113 yeas. All nays came…

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Oil Rises on China Demand Hopes, US Inflation in Focus

January 12, 2023
Business & Marketseconomic policieseconomyenergyglobalGold and CommoditiesinflationMarketsOilrecessionstocks
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LONDON—Oil rose about 1 percent on Thursday supported by optimism over China’s demand outlook and hopes that upcoming inflation data from the United States will point to a slower increase in interest rates. Top oil importer China is reopening its economy after the end of strict COVID-19 curbs, boosting optimism that demand for fuel will…

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Stocks Hold on to Gains Ahead of US Inflation Test

January 12, 2023
Business & MarketsCompanieseconomic policieseconomyenergyglobalGold and CommoditiesinflationMarketsrecessionstocks
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MILAN—World stocks held on to modest gains on Thursday on cautious optimism that U.S. data will confirm inflation is softening, while the yen rose with a report Japan will this month review the side-effects of its ultra-easy policy. A MSCI gauge of world stocks rose 0.2 percent to a four-week high by 0831 GMT ahead…

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Closing Prices for Crude Oil, Gold and Other Commodities (Jan. 11)

January 11, 2023
Benchmark U.S. crude oilBrightBusiness & MarketsgoldGold and CommoditiesinvestingMarketspersonal finance
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Benchmark U.S. crude oil for February delivery rose $2.29 to $77.41 a barrel Wednesday. Brent crude for March delivery rose $2.57 to $82.67 a barrel. Wholesale gasoline for February delivery rose 10 cents to $2.43 a gallon. February heating oil rose 8 cents to $3.22 a gallon. February natural gas rose 3 cents to $3.67…

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In ESG Debate, Some See Threat to Livelihood, Traditional Values

January 11, 2023
BrightBusiness & Marketscancel culturecoalcongressDefending Americaeconomic policieseconomyenergyEnvironmentESGExecutive BranchFeatured TopicsFederal-State RelationsGold and CommoditiesInspiredInvestmentKentuckyMarketsPoliticsrecessionRegional NewsRegional-Local NewsRepublicansScienceSocial Issuesstockstraditional valuesUSUS FeaturesUS NewsWest Virginia
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Charlie Masters, Kentucky farmer, has watched the prices rise. Diesel fuel and nitrogen fertilizer, two of the most critical ingredients for running his Fleming County beef and produce operation, are still costlier than just two years ago. That’s partly due to recent fluctuations in the prices of oil and natural gas. What’s behind those trends?…

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