Investing.com — For a second day in a row, gold came close to testing the $1,900 support. And once again, it managed to stay above that fray as buyers turned up to rescue the yellow metal from the cusp of $1,800 territory. Gold’s latest challenge came as the Dollar Index…

By David Shepardson WASHINGTON (Reuters) – The House of Representatives Transportation and Infrastructure Committee on Thursday said it will question U.S. Transportation Secretary Pete Buttigieg at a Sept. 20 oversight hearing. The committee said the hearing will cover the lack of a confirmed head of the Federal Aviation Administration, implementation…

In recent developments, American households have been grappling with a sharp 10.6% increase in gasoline prices that took place in August, according to data published on Thursday. This rise has subsequently fueled a 0.6% surge in core inflation, adding to the economic pressure faced by many families across the country.…

Ahead of an expected statement from the Federal Reserve, traders have driven a noteworthy rally in the values of metals and other raw materials this Thursday. This upward trend is underpinned by anticipations that the Federal Reserve will hold its current interest rates steady, dispelling any immediate prospects of cuts.…

Investing.com — Oil prices edged lower Friday, with traders taking profit from the hefty gains seen this week, largely on optimism that the vital Chinese economy is showing signs of improvement. By 09:05 ET (13.05 GMT), the futures traded 0.2% lower at $89.98 a barrel, while the contract dropped 0.2%…

The oil market is headed for a third straight week of gains, bolstered by supply constraints from leading oil producers Saudi Arabia and Russia. The West Texas Intermediate (WTI) benchmark has demonstrated a consistent upward trend, crossing the $90 per barrel mark on Thursday, a high not observed since November…

Investing.com– Gold prices rose in Asian trade on Friday as markets bet that the Federal Reserve will keep rates on hold despite recent increases in inflation, while copper prices surged on more stimulus measures from major importer China. Data released this week showed that U.S. and inflation rose more than…

HSBC Holdings Plc (LON:) has noted a significant increase in the cost of rice, which has surged to its highest point since 2008, according to their economic forecast released on Friday. This rise could pose additional challenges for central bankers striving to keep inflation under control. The export price for…

By Sudarshan Varadhan SINGAPORE (Reuters) -Oil prices rose on Friday and are set for a third weekly gain, as better-than-expected Chinese economic data and reports of record oil consumption bolstered the view that demand in the world’s second-largest crude consumer will continue to surge. futures rose 65 cents, or 0.7%,…

China’s economy appears to be on a path of recovery, with key sectors including oil processing and aluminum production reaching record-breaking levels in August. This surge in commodity production signals a positive shift following a period of economic turbulence. Oil refining witnessed a substantial increase of 20% year-on-year in August,…