publish date 2022-03-03 17:28:08
Gold prices rose in the global market, Thursday, to resume the gains that were halted the previous day, with renewed purchases of the metal as a safe haven, in light of the Russian-Ukrainian war, and before Federal Reserve Chairman Jerome Powell completed his testimony before the US Congress.
According to the Wall Street Journal, gold prices rose 0.5 percent to $ 1,938.78, from the opening level of trading today at $ 1,938.78, and recorded the lowest level at $ 1,921.98.
On the other hand, media reports confirmed the continuation of oil prices on Thursday, as the price of “Brent” barrel exceeded the level of $ 118 a barrel, for the first time since February 2013.
By 09:11 Moscow time, US West Texas Intermediate crude futures rose 3.37 percent to $114.33 a barrel.
Meanwhile, Brent crude futures rose 3.5 percent to $116.88 a barrel, and before that, the Brent barrel was trading above $118 a barrel, for the first time since February 2013.
Brent and Texas crude prices rose on Thursday, continuing their rise since the Russian-Ukrainian war, amid expectations that the market will continue to suffer from a lack of supply for several months, following the imposition of harsh sanctions on Moscow and the collective exit of investments by major companies from Russian oil assets.
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Source : ألدستور