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Energy trader Gunvor's 2023 net profit nearly halves

Global energy trader Gunvor s net profit nearly halved in 2023, as the high price volatility seen across energy commodities abated versus the preceding year.

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Gold smashes record again as US inflation worries loom

Gold prices extended a record run on Wednesday as concerns of rising inflation boosted demand for gold as a hedge, with bullion traders shrugging off doubts over an imminent U.S. interest rate cut and. -April 03, 2024 at 12:33 am EDT - MarketScreener

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Gold hovers below record peak as US dollar, yields firm after upbeat data

Gold prices on Tuesday hovered below record highs hit in the previous session, as the U.S. dollar and Treasury yields held firm after strong U.S. data flagged doubts on whether the Federal Reserve. -April 02, 2024 at 12:34 am EDT - MarketScreener

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Road oil demand to peak by 2032 as EVs become more popular, Goldman forecasts

Global road oil demand will rise 5% to a peak of 50 million barrels per day by 2032, Goldman Sachs forecasts, with oil use per vehicle likely to fall sharply because electric vehicles are expected to.

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Gold hits fresh record high with support from momentum-following funds

Gold prices rose to a fresh record high on Tuesday as demand from momentum-following funds offset a strong U.S. dollar and the possibility of higher-for-longer U.S. rates. Spot gold rose. -April 02, 2024 at 06:08 am EDT - MarketScreener

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