Articles by Rebecca Torres
Gold Retreats as Dollar Gains, Geopolitical Tensions Underpin
Gold declined 0.5% to $5,165.93 per ounce as a stronger U.S. dollar pressured the metal. Silver saw a more pronounced drop of 4.1%, with other precious metals also retreating.
Silver Plunges 4% as Inflation Data Bolsters Dollar, Rate Outlook
Silver prices tumbled over 4% Wednesday, erasing the prior day's gains, after a firmer U.S. dollar and persistent inflation data dimmed the appeal of non-yielding metals. The sell-off extended across the precious metals complex.
Dollar Firms Ahead of US CPI Data as Geopolitical Tensions, Oil Surge Rattle Markets
The US dollar maintained strength against the euro, trading near 0.86 (EUR/USD ~$1.1615), as markets braced for US inflation data and grappled with oil supply fears. The euro has declined roughly 1.5% since the late-February attack on Iran.
U.S. Natural Gas Futures Rebound Above $3 Amid Fragile Market Balance
U.S. natural gas prices edged higher to $3.041/mmBtu, recovering from a prior drop, as the market weighs robust LNG exports against tepid domestic consumption and a lowered EIA price forecast.
Oil Prices Rebound Above $88 as Hormuz Supply Fears Outweigh IEA Stockpile Plan
Oil prices recovered sharply on Wednesday, with Brent crude climbing back above $88 per barrel, as market concerns over supply disruptions in the Strait of Hormuz overshadowed discussions of emergency stockpile releases by the IEA and G7 nations.
Silver Retreats as Traders Await U.S. Inflation Data
Silver prices fell Wednesday as traders reduced positions ahead of key U.S. inflation data. The metal gave back some of Tuesday's 2.7% gain that was driven by dollar weakness and lower oil prices.
Gold Holds Near Peak Ahead of U.S. Inflation Data, Geopolitical Tensions Simmer
Gold edged higher Wednesday, supported by safe-haven demand ahead of key U.S. inflation figures, while oil prices fell. Geopolitical risks remain elevated.
Denison Mines Launches Major Exploration as Phoenix Uranium Mine Construction Begins
Denison Mines Corp. has initiated a significant 7,500-meter drill program at its Wheeler North joint venture in Saskatchewan, coinciding with the start of construction at its flagship Phoenix uranium mine, which received final regulatory approval.
Crude Plunges 15% as Trump Hints at Iran Conflict Resolution
Oil prices collapsed nearly 15% Tuesday after Donald Trump indicated the Iran conflict might conclude shortly, erasing Monday's panic-driven surge above $119. G7 ministers deferred tapping emergency reserves.
Oil Plummets 13% as Trump Hints at Iran Conflict Resolution
Oil prices crashed over 13% Tuesday after U.S. President Donald Trump indicated the Iran conflict might conclude shortly, erasing the prior day's surge driven by supply fears. Brent crude fell $12.46 to $86.50 per barrel.
Gold Surges Past $5,220 as Oil Plunge Eases Inflation Pressure
Gold rebounded sharply Tuesday, climbing above $5,220 an ounce as a steep drop in crude oil prices and a softer dollar alleviated near-term inflation concerns ahead of key U.S. economic data.
BP Stock Gains on Oil Price Surge, Yet Market Skepticism Lingers Over Lasting Impact
BP's stock climbed 2.2% in London trading following a sharp spike in oil prices, though the gain significantly lags behind crude's over 40% surge since late last month, reflecting market doubts about sustained supply disruptions.