Articles by Myrsini Giannouli

Gold price exhibited some volatility on Monday, but continued trading above the $1,829 per ounce resistance level.

Russian stocks and bonds plummeted on Monday as the crisis with Ukraine continues and many investors believe that Russia will soon move against Ukraine.

On Thursday, Russia’s Central Bank proposed banning the use and mining of cryptocurrencies on Russian territory.

The last couple of days saw crude oil and WTI prices catapulted to seven-year highs, amidst rising supply worries and growing geopolitical tensions.

On Wednesday, gold climbed to $1,843 per ounce, its highest price in two months, breaking through the $1,829 per ounce resistance level, amidst falling yields and mounting geopolitical tensions.

The dollar exhibited very low volatility on Thursday morning, as traders awaited the release of inflation and unemployment data later in the day.

Wednesday was a slow day for the USD, with the dollar index ranging between 95.50 and 95.77 for most of the day.

On Tuesday, gold traded rather low, as the dollar strengthened and treasury yields rose.

The International Energy Agency in its monthly oil market report released on Wednesday, raised its demand estimates by 200,000 b/d for 2021 and 2022, reflecting that the impact on economic activity and oil demand from the omicron variant remained "relatively subdued."