Page 46 - Ommodities News Today

Here is what you need to know on Friday, January 12: The US Dollar (USD) outperformed its peers with the initial reaction to December inflation figures on Thursday but failed to preserve its strength as US Treasury bond yields turned south later in the American session.

Strikes by the US and its allies against the Houthi rebels in Yemen could drive up market volatility, according to analysts.

Oil prices are rocketing higher after 60 airstrikes took place from the United Kingdom and the United States against Houthi positions in Yemen. The strikes are the next step in the story around the Red Sea where vessels and freight ships have been

Gold started the week under modest bearish pressure but managed to erase its losses ahead of the weekend.

According to Geojit, Production of crude palm oil in Malaysia fell 13.3% on month to 1.55 mln tn in December, according to preliminary data from the Malaysian Palm Oil Board.

West Texas Intermediate (WTI) price retraces its recent losses, trading higher near $71.70 per barrel during the Asian session on Thursday.

Gold price (XAU/USD) drifted higher during the early Asian trading hours on Thursday.

Gold price (XAU/USD) attracts fresh buyers during the Asian session on Thursday and stalls the previous day's retracement slide from the $2,040-2,042 supply zone.

All eyes are now on the US inflation data, that analysts say may have inched up in December

Here is what you need to know on Thursday, January 11: The US Dollar (USD) stays on the back foot early Thursday, with the USD Index retreating toward 102.00 after closing in negative territory on Wednesday.