News

At the present time, the cost of gold is firmly entrenched at $1,900 dollars per ounce. That mark is already very close to a possible maximum predicted by analysts. That kind of dynamics is driven by noticeable dollar weakening and decrease in the yields of the U.S. government bonds.

According to expectations of strategists of the Internationale Nederlanden Groep, gold will grow in 2023.

The U.S. economy unfolded more actively in the fourth quarter than analysts might have expected. However, domestic demand grew at the slowest pace in 2.5 years, reflecting the impact of higher credit costs.

The U.S. strategic petroleum reserve (SPR) decreased by more than 40% in two years. The reserves were 371.57 million barrels on January 20, compared to 638.08 million barrels a year ago.

The European Union plans to implement a $100-per-barrel limit on Russian diesel fuel.

The tension between oil companies and Joe Biden increases again. A new round of animosity comes as companies have to report a collective profit near $200 billion.

Federal regulators approved the reopening of the Freeport LNG natural gas exporter plant in Texas.

The Twin Metals project is at risk due to the U.S. ban on mineral mining in northeast Minnesota. This restriction will last for 20 years.

According to the heads of oil refineries, Indian refineries may increase their purchases of Russian oil if the price per barrel remains attractive. Such a prospect would provide Russia with a large sales market.

On January 26, the focus is on natural gas reserves in the United States. On January 27, data on oil rigs from Baker Hughes and speculative positions on oil and gas, gold, silver, aluminum and copper are on the agenda.