High commodity prices a challenge for Asian sovereigns: Fitch

Sri Lanka, Pakistan, Asia Pacific,Covid-19, Russia, Ukraine, Mongolia, US Fed, Fitch

Credit buffers among Asia Pacific (APAC) sovereigns to withstand risks from high commodity prices are generally strong, but have been eroded during Covid-19, Fitch  revealed.  According to Fitch Ratings  the impact of energy-market turmoil following the Russia/Ukraine conflict differs significantly per sovereign, but on the whole is likely to be a headwind for the region. […]

Oil rises 1.25pc for eighth straight week on supply concerns

Ukraine, Opec, Russian, Ukraine, International Energy Agency, US West Texas Intermediate , Crude Oil,

Crude oil prices surged up to 1.25 percent for the eighth consecutive week, hitting the eight-year highs amid supply concerns. The global oil prices were lifted by mounting worries about supply interjections; all of which can be considered a consequence of accelerated demand as well as the escalating geopolitical conflicts in eastern Europe. Due to […]

Crude oil prices rise on increased demand, fall in stock in US

Ukraine, Opec, Russian, Ukraine, International Energy Agency, US West Texas Intermediate , Crude Oil,

Crude oil prices surged as demand in the US rises and Fed announces three hikes in interest rate in 2022. At 1210 hours GMT on Thursday, Brent, the international benchmark for two-thirds of the world’s oil, gained $0.98 (+1.33 percent) to reach $74.86 a barrel. Similarly, the US West Texas Intermediate (WTI) price reached $71.90 […]

Crude oil prices witness steepest daily decline since July

Ukraine, Opec, Russian, Ukraine, International Energy Agency, US West Texas Intermediate , Crude Oil,

Global crude oil prices recorded their steepest daily decline since July on Friday as reports of the new heavily-mutated coronavirus strain raised concerns of fresh travel restrictions that could cripple fuel demand. At 1245 hours GMT, Brent, the international benchmark for two-thirds of the world’s oil, shed $4.82 (-5.86 percent) to reach $77.40 a barrel. […]

Gold price surges to Rs102,600 per 10gm amid Covid fears

Gold staged a decisive rebound on Friday with a gain of one percent amid fall in the US treasury yields. Gold in the international market was available at $1,807.40 per ounce after gaining $18 at 1300 hours GMT. Meanwhile, the price of 10 grams of yellow metal in Pakistan increased to Rs102,600 after gaining Rs1,700. […]

Brent nears $86 as crude prices surge to multi-year highs

Crude oil prices surged to multi-year highs on Monday on increasing signs of robust demand as more utilities turn away from expensive natural gas and coal to oil and diesel for power generation. At 1250 hours GMT, Brent, the international benchmark for two-thirds of the world’s oil, gained $0.92 (+1.08 percent) to reach $85.78 a […]

Gold jumps to Rs97,700 per 10gm due to rupee devaluation

Gold price inched down in the international market on Monday, as the underlying narrative of sooner than expected US Federal Reserves’ monetary policy normalisation to counter inflationary risks continues to play out. Gold in the international market was available at $1,764 per ounce after shedding $4.40 at 1230 hours GMT. Meanwhile, the price of 10 […]

Gold price expected to inch up in near term

After closing the last week on a positive note at $1,768.40 per ounce, with a gain of $10.30 (+0.59 percent) on a week-on-week basis, gold is expected to edge slightly higher in the near term. Overall, the gold price has shed around 4 percent during the last five weeks, with a major dip of 1.60 […]

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