Articles by Rebecca Torres
Gold Tumbles to One-Month Low as Inflation Fears Boost Fed Rate Outlook
Gold declined 2.6% to $4,874.19 per ounce, hitting its lowest level since early February. The sell-off was driven by a stronger dollar and surging energy prices, which reinforced market bets that the Federal Reserve will delay rate cuts.
U.S. Fuel Prices Surge Despite Crude Oil Retreat
U.S. gasoline and diesel prices climbed sharply this week despite falling crude oil prices, highlighting severe refined product shortages. China's fuel export ban is exacerbating global supply constraints.
Petrobras Acquires Petronas Stakes in $450M Deal Amid $100 Oil
Petrobras shares gained after the Brazilian state oil firm agreed to purchase Petronas' interests in two offshore fields for $450 million. The deal comes as Brent crude prices settle above $100 a barrel, influencing dividend discussions.
U.S. Natural Gas Prices Hold Near $3 Amid Rising Production and Regional Glut
U.S. natural gas prices remained subdued near $3.03 per mmBtu as increased domestic production and softer demand forecasts pressured the market. West Texas's Waha hub saw cash prices stay negative for a historic 27-day stretch due to pipeline constraints.
Denison Mines Advances Phoenix Uranium Project, Shares Gain
Denison Mines shares climbed 1.2% after announcing the start of site preparation at its Phoenix uranium project in Saskatchewan, following final federal approval. The company targets first production by mid-2028.
Silver Retreats Below $80 as Fed Decision Looms, Miners Slide
Silver prices dropped below $80 per ounce Tuesday as traders awaited the Federal Reserve's interest rate decision. Major silver mining stocks also traded lower, tracking the metal's decline.
Gold Holds Near $5,000 as Fed Decision, Geopolitical Risks Create Market Standoff
Gold stabilized around $5,000 per ounce in New York trading as market participants balanced safe-haven demand from Middle East tensions against concerns about persistent inflation ahead of the Federal Reserve's upcoming policy announcement.
Silver Stalls Near $80 as Fed Meeting, Oil Spike Cloud Rate-Cut Outlook
Spot silver traded flat at $80.52 per ounce Monday, underperforming other precious metals. The market awaits the Federal Reserve's meeting amid concerns that surging oil prices could delay interest rate cuts.
Gold Retreats Below $5,000 as Oil Surge Reshapes Rate Expectations
Gold declined 0.5% to $4,994.89 per ounce, pressured by elevated oil prices and shifting expectations for Federal Reserve policy. Traders now see minimal rate cuts this year as inflation concerns intensify.
Denison Mines Shares Slide Amid Phoenix Uranium Project Cost Revisions
Denison Mines Corp. shares declined 6.3% to $3.58, underperforming the broader market, following an increased capital estimate for its flagship Phoenix uranium project. The company reported a significant 2025 net loss of $217.3 million against modest revenue.
U.S. Gasoline Prices Hit 22-Month High as Crude Rally Intensifies
The national average for regular gasoline reached $3.675 per gallon on Saturday, the highest level since May 2024, driven by Brent crude prices above $100 per barrel and tightening supply conditions.