Page 89 - Ommodities News Today

Reports of a ceasefire between Israel and Hamas could impact gold prices, analysts say

Open interest in gold futures markets increased for the second session in a row on Friday, this time by around 1.1K contracts according to preliminary readings from CME Group.

Saudi Arabia, the world's largest oil exporter, is planning to extend oil production cuts through next year, while OPEC+ considers additional cuts in response to declining prices and rising tensions over the Israel-Hamas conflict, per Financial Times After oil prices hit a four-month low of $77 a barrel last week, four sources familiar with the Saudi government's thinking said it was likely to prolong reductions 1 million barrel-a-day until at least the spring.

Gold price (XAU/USD) attracts some dip-buying near the $1,973 area on the first day of a new week and stalls Friday's modest pullback from a two-week high.

Good Morning! Dollar Index looks weak towards 103 while Euro may rise to 1.10 while above 1.09.

Gold price is maintaining its corrective decline from a ten-day high of $1,993 set on Friday, searching for a clear directional impetus at the start of a new week on Monday.

Here is what you need to know on Monday, November 20: Financial markets remain calm to start the new week.

The latest Agatha Christie adaptation from Kenneth Branagh tops the DVD releases for the week of Nov. 28. "A Haunting in Venice": Ten years after "Death on the Nile," Detective

Russia has been using so-called "ghost ships" to skirt the West's oil price cap. The EU will ask Denmark to crack down on those tankers, per the FT.

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