Hard Commodities Markets

Brent Oil Surges Above $107 Following Houthi Attacks on Saudi Arabia

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Global crude benchmarks climbed more than 4% in afternoon U.S. trade after a Saudi-led coalition in Yemen said Saudi Arabia intercepted six ballistic missiles fired by Iran-backed Houthis on Thursday. The front-month Brent crude contract rose 4.7% to $107.95 a barrel, while West Texas Intermediate futures climbed 4.8% to $96.56 a barrel, according to market … Read more

Gold Price Holds Steady Ahead of U.S. Inflation Data

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Weaker-than-expected jobs data previously led markets to scale back expectations for a September rate hike, according to market reports. Inflation Reports Drive Near-Term Trading Focus Market attention has shifted decisively to upcoming U.S. economic releases. The U.S. consumer price report is scheduled for release on Wednesday, followed by producer price figures on Thursday. “Markets expect … Read more

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