Precious Metals
Optimism Flows Through Oil and Gold Markets
Oil jumps on improved risk appetite and Norway lost output The optimism is spreading to commodity markets, where oil is up around 4% on the day, partially reversing last week’s large declines. Also giving a boost to crude prices is a drop in output in Norway, where workers are striking over pay, reducing production by […]

This article was originally published by Market Pulse.
Oil jumps on improved risk appetite and Norway lost output
The optimism is spreading to commodity markets, where oil is up around 4% on the day, partially reversing last week’s large declines.
Also giving a boost to crude prices is a drop in output in Norway, where workers are striking over pay, reducing production by around 330,000 barrels equivalent per day. The strike covers six offshore oil and gas fields and affects around 8% of production.
It comes at a good time for oil prices, given how quickly Libya has ramped up output so even if temporary, it will take some of the heat off crude. Still, the outlook remains challenging and OPEC+ may need to step up again if they’re going to support prices around the $40 mark.
Gold continues to struggle around $1,900
Gold is also enjoying a positive day, with the price moving back above $1,900 having ended last week marginally below.
The rally continues to look weak, with the yellow metal struggling to gather any real upward momentum. Even if it does make a few more gains above $1,900, I won’t get too excited as there are plenty of downside risks for risky assets in the coming weeks and at a time when the dollar is a preferred haven, that includes gold.

ASX Small Caps Lunch Wrap: Who else is buying a metal detector and immediately heading to Ballarat?
"Some days are better than others," sang U2’s Bono. No sh*t. The ASX200 might’ve had a decent day yesterday, but … Read More
The post ASX Small Caps…
Gatos Silver Announces 2023 Annual Stockholders’ Meeting
VANCOUVER, British Columbia, March 28, 2023 (GLOBE NEWSWIRE) — Gatos Silver, Inc. (NYSE/TSX: GATO) (“Gatos Silver” or the “Company”) today announced…
Banks & Big-Tech Breakdown, Credit Calm, Bitcoin & Bullion Bounce
Banks & Big-Tech Breakdown, Credit Calm, Bitcoin & Bullion Bounce
Yesterday’s early exuberance gave way to reality today as macro…
-
Energy & Critical Metals19 hours ago
Why Did Liontown Reject A $3.7-Billion Buyout Offer From Albemarle?
-
Energy & Critical Metals18 hours ago
Liontown Resources rejects US$3.7B acquisition proposal from Albemarle
-
Energy & Critical Metals18 hours ago
Price Outlook: Uranium and the Nuclear Renaissance
-
Financing News9 hours ago
Inca One Announces Convertible Debenture Financing of up to CAD$1,300,000
-
Energy & Critical Metals24 hours ago
Lundin Mining to acquire majority interest in Caserones copper-molybdenum mine in Chile
-
Energy & Critical Metals19 hours ago
7 Lithium Stocks Sitting in the Sweet Spot
-
Financing News10 hours ago
Equinox Gold Announces up to $200 Million in Gold Prepay and Gold Purchase and Sale Arrangements
-
Financing News24 hours ago
Bathurst Metals Corp. Options McGregor Lake and Speers Lake Properties and Grants Incentive Stock Options