Commodities market comment
Today’s market analysis on behalf of Ahmad Assiri Research Strategist at Pepperstone
Gold
Amidst the shifting sands of global trades, gold continues to shine as a pivotal hedge against the turbulence wrought by tariff policies and trade war. With the rollout of tariffs on imports from Canada and Mexico, coupled with ramped-up duties on China, there has been a noticeable surge in gold buying. This...
Gold Ends -Eigh Wteek Winning Streak, Hits New Low Near $2,833/Oz
Written by Linh Tran, Market Analyst at XS.com
Gold ended last week down near $2,858 per ounce as economic data indicated a complex inflation situation and the strength of the U.S. dollar was reinforced by market expectations that the Fed would maintain its hawkish stance.
Last Friday, gold officially ended an eight-week winning streak. On the same...
Qatar gas only short-term solution to Italy’s Russian imports problem
The recent Ukraine crisis has hugely dented the gas supply security of Italy, according to...
Nigeria’s construction industry to recover and grow by 3.9% in 2021
Nigeria’s construction industry declined by 7.7% in real terms in 2020, hit by both...
Asia to spearhead global trunk/transmission pipeline length additions by 2025, says GlobalData
Asia is expected to drive the global planned and announced trunk/transmission pipeline length...
US oil market shows right trend at a slow pace
Following the release of official weekly US Energy Information Administration data on stocks, demand and...
COVID-19 hampers oil and gas services industry business outlook
The COVID-19 pandemic impact has devastated crude oil demand as the majority of the end user...
Oil & Gas Leaders for African Petroleum Producers Organization’s (APPO) they will attend Cape VII 2019 Congress
H.E. Obiang Nguema Mbasogo, President of Equatorial Guinea,...
