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Gold Up Against Weaker Dollar, Investors Digest China’s Economic Data
Commodities

Gold Erases 2021 Loss With Fed Policy Steady, Bond Yields Ebbing

By Administrator_India Capital Sands Gold erased 2021 losses as signs of inflationary pressures stoked growth concerns and Federal Reserve officials assured investors on the outlook for monetary policy. Central bank officials reiterated that they expect transitory rather than lasting price pressures from the U.S. economic rebound, damping speculation around any push to tighten policy. Declines …

Oil slips again on surging U.S. dollar, but holds above $70
Commodities

Oil gains ahead of OPEC+ meeting on output policy

By Administrator_India Capital Sands Crude prices rose on Thursday, recouping some of the previous session’s losses on expectations that a meeting of OPEC and its allies later on Thursday would yield output constraint in the face of resurgent COVID-19 infections in some regions. Brent crude for June delivery was up by 31 cents, or 0.5%, at …