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Oil futures and gold futures are high, following the interest rate

News Date: 22/9/2022 02:20:30

Crude oil futures rose during the Asian session today, Thursday, this rise came after a decline : after the US central bank raised interest rates to control inflation, which directly affected the demand of oil.


In the same context, this was accompanied by a rise in the dollar against six major currencies, supported by the expectation of tightening monetary policy in the US Central Bank : the dollar pair against the yen rose by 1.24%.


According to the New York Mercantile Exchange, crude oil futures were traded in November at $83.47 a barrel, up 0.64%.

Oil contracts were previously traded at a high of 83.56 dollars per barrel.


Also, gold futures contracts fell during the Asian session on Thursday by 0.45%, and it was traded in December at $1688.20 an ounce.


US stocks closed lower at the end of trading yesterday, as the indices pulled down and left losses in several sectors, mostly telecommunications sector, consumer services and basic materials.


The Dow Jones Industrial Average fell by 1.7%, the Standard and Poor’s index fell by 1.71%, while the Nasdaq recorded a decline of 1.97%.


On the other hand, Japanese stock indices also declined, as the Nikkei index fell by 0.95% to 27,053.58 points, while the Topix index fell by 0.87% to reach 1904.17 points.

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