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Strong growth in U.S. economy is expected in fourth quarter however, outlook deteriorates

The U.S. economy likely saved the high growth rates in the fourth quarter as the buyers increased the expenditures for goods.

26 January 2023
Citic Securities: gold will hit the highest this year

China’s biggest brokerage Citic Securities forecasts a rise in gold to the highest levels this year. The price of the precious metal might exceed $2,000 per ounce.

26 January 2023
Gas prices in Europe are falling on rising supplies and sufficient reserves

Warm weather and enough reserves in Europe are supporting the easing of the energy crisis. As a result, a decline in gas prices was observed.

26 January 2023
Metals are traded in narrow price range ahead of Fed’s meeting

The price of metals still remains the same. That stability, in its turn, is related to the upcoming release of official statistics and the meeting of the Federal Reserve System (FRS) in the United States.

26 January 2023
GasBuddy: gas prices could reach $4 by April

Get ready for gas prices to rise again in the upcoming spring. According to GasBuddy oil analyst Patrick DeHaan, the cost per gallon of fuel could exceed $4.

26 January 2023
Canadian oil flows to Asia increased after disruptions in U.S. refineries

Supplies of Canadian oil to Asia will reach the highest level in more than a year. The reason is the disruptions of supplies from American refineries, which make the companies look for new sales markets.

26 January 2023
Commercial crude oil inventories in the U.S. hit their highest since June 2021

U.S. crude oil inventories have risen by more than 0.5 million barrels over the past week, reaching 448.5 million barrels. The increase was due to a fall in fuel demand.

26 January 2023
Standard Chartered: the fundamentals are not strong enough for oil prices to grow above $100

Economic factors haven’t supported the prices above $100 per barrel yet, but it is possible to maintain the level of trade above $90 per barrel for a long time.

26 January 2023
Copper production in Chile will grow more slowly in the coming years

Reuters has published a government report stating that the growth of copper production in Chile will be slower than previously expected. The country is the world's largest copper producer.

26 January 2023
Gold is trading near local highs in anticipation of U.S. statistics

The dollar has weakened and gold continued to rise. Several economic reports from the U.S. are expected, and they may influence the results of the Fed meeting next week. Investors are waiting.

26 January 2023