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USD/RUB is an alternative currency option that can be traded, this is because Russia is one of the market leaders for the European Union and several other countries in various commodity sectors such as oil, natural gas, precious metals to plantation commodities such as wheat. Russia is also the third largest producer in the world, after the US and Saudi Arabia for crude oil.
Weekly Report
Thursday, 02 June 2022
Publication
ICDX tin prices nearing the close of May were seen moving steadily close to the level of $40,000 per tonne in line with the China plan to lift the Covid curb in the financial hub city of Shanghai from June 1. China is the world's first largest producer and consumer of tin, and the city of Shanghai itself ranks first as the largest contributor to China's economy.
Weekly Report
CPOTR prices rose 3.88% to Rp22,745/Kg at the close of trading last week. Prices on CPO fluctuated after the government lifted the ban on exports of CPO and its derivatives which was implemented on April 28. The government announced (19/5) the plan to reopen the CPO export faucet starting Monday, May 23 2022.
Weekly Report
ICDX gold prices moved 4% lower compared to the previous week with prices moving lower following a 50 basis point increase in interest rates by the Fed, yields on 10-year US government bonds moving to 3% and the US dollar moving to near highs 20 years.
Weekly Report
ICDX's Crude oil prices until the close of the first week of May still showed a positive trend with price movements closing up by 5.1 percent. The main catalyst driving oil prices is still focused on the Ukraine conflict which is still ongoing and has triggered a series of new sanctions against Russia.
Weekly Report
The price of CPOTR fell 1.7% to level of IDR 22,550/Kg at the close of trading last week. The market looks alert amid the uncertainty of the Indonesian CPO market regarding the rise of news about the cooking oil mafia. In addition, market players are waiting for the next policy to be taken by the Indonesian government in overcoming the spike in domestic cooking oil prices.
Articles
World gold prices are denominated or valued in USD, so gold transactions that occur in an international context are carried out in USD. With this high usage, coupled with the demand for gold from countries outside the United States, the value of the USD will be quite crucial in influencing the price of gold.
Articles
Friday, 22 April 2022
Publication
Gold has been known for a long time, both as jewelry and as an investment asset and a hedge against economic and political conditions. The use of gold as jewelry among the public has increased the popularity of gold, outperforming other metals such as silver and platinum.
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