... during sudden market downturns. Investors tend to sell precious metals during a crisis to meet margin call requirements, which leads to a decline in gold prices. Nevertheless, the value of precious metals tends to recover after market panic subsides. Commodity Markets Certain types of commodities (such as crude oil and copper) are closely related to the state of the economy. Meanwhile, a recession reduces demand for many goods, causing commodity prices to drop. The mechanism is quite simple and is explained ...

... commodity exports benefit from high energy prices. Despite ongoing sanction risks, market uncertainty has decreased – a more accommodative central bank policy and a stable ruble create conditions for economic revival in the second half of the year. Commodity Markets: Oil Balance and Gold Surge Oil is trading in a narrow range: Brent is holding around $68–69, slightly below early July levels. On one hand, expectations of a global economic slowdown and weak data from the U.S. and China are limiting crude ...

... investors are looking for signs of stabilization in the largest economy in Asia. Continued easing measures from Beijing and a recovery in domestic demand could push PMI higher. Any surprises in China's PMI (such as a move into the growth zone) will affect commodity markets and currencies of emerging countries. Eurozone – Unemployment Rate (12:00 MSK): The unemployment rate for the Eurozone in June will be announced. Forecasts converge around the mark of ~6.3%, which is close to multi-year lows (it was 6.3% in ...

... and reach a new level. Learn why digitalization is the future of the petroleum market and how new technologies make the trading process more transparent and beneficial for all participants. Sergey Tereshkin, CEO of Oil Resource Group The Russian commodities market is considered conservative. However, even here, it is understood that development and competition are impossible without digitalization. The CEO of Oil Resource Group shared how to transition from an ordinary oil trader to a high-tech company in ...

... Composite PMI indices (July). Late data on the Canadian economy will provide additional insight into the North American services sector. 17:30 (USA): Official EIA report on oil and petroleum product inventories for the week. Closely monitored by the commodities market, it may trigger fluctuations in oil prices. 19:00 (Russia): Consumer Price Index (CPI) for July. Monthly inflation data in Russia—acceleration or deceleration will affect expectations for further actions from the Central Bank and the ruble's ...