Page 22 - Ommodities News Today

How to Profit from the Global Warming ClImate Change Mega Death Trend - Part1 :: The Market Oracle ::

Amid global concerns over the nickel markets downturn and its impact on electric vehicle (EV) battery production, the Australian governments decision to include the metal in its commodities subsidy list signals a crucial step towards supporting the struggling industry.

Western Texas Intermediate (WTI), the US crude oil benchmark, is trading around $77.50 on Friday.

Here is what you need to know on Friday, February 16: The US Dollar (USD) extended its downward correction following mixed data releases on Thursday, with the USD Index (DXY) losing 0.4% on the day.

Analysts say market participants shifted focus to commentary from Federal Reserve officials for cues on the timeline for interest rate cut

Gold price (XAU/USD) struggles to build on the previous day's positive move and oscillates in a narrow range above the $2,000 psychological mark during the Asian session on Friday.

Gold price is treading water just above $2,000, consolidating its rebound from two-month lows of $1,984 set on Wednesday.

Natural Gas (XNG/USD) is trading around the lowest levels since mid-2020, around $1.65 and is facing more downward pressure. Recent US data shows that demand for Gas is now not only abating in Europe, but also in the US. The decline towards

Gold declined for the second consecutive week, pressured by the recovering US Treasury bond yields and renewed US Dollar (USD) strength.

Overview: The US dollar is winding down this week on a quiet note.