(Bloomberg) — Oil posted its worst trading day in almost three months as recession fears gripped markets, outweighing a fundamentally tight supply market. West Texas Intermediate crude futures settled below.
Gold has been supported by inflation concerns, worries about global growth and renewed virus concerns in China Gold rates in India continued their recent uptrend with futures on MCX hitting.
Harsha Jethmalani Amid slowing demand and elevated inflation, the mood among Indian manufacturers remains grim. The seasonally adjusted S&P Global India Manufacturing Purchasing Managers’ Index (PMI) fell to 53.9 in.
By Florence Tan SINGAPORE (Reuters) -Brent oil prices were little changed on Tuesday, reversing earlier gains of $1, as investors weighted supply concerns, highlighted by a potential production cut in.
By Zhang Mengying Investing.com – Oil was up on Tuesday morning in Asia over supply tightness concerns as a strike in Norway threatened to disrupt oil and gas output. Brent.
By Kate Abnett BRUSSELS (Reuters) – The EU’s plan to label investments in gas and nuclear power plants as climate-friendly faces a final vote on Wednesday when European lawmakers decide.
LONDON (Reuters) – Britain on Monday launched a centre to gather data and analyse information on the supply of critical minerals such as cobalt and lithium, key for electric vehicle.
ZURICH (Reuters) – Swiss businesses would be first to have energy rationed in the event of supply shortages, Energy Minister Simonetta Sommaruga told the SonntagsZeitung, warning that the government cannot.
By Sonali Paul and Emily Chow MELBOURNE (Reuters) -Oil prices fell on Monday, paring gains from the previous session, as fears of a global recession weighed on the market even.
By Zhang Mengying Investing.com – Gold was up on Monday morning in Asia as the U.S. dollar weakened on growth fears. Gold futures were up 0.59% to $1,812.15 by 12:48 PM.
