Home » Markets Today: WTI Crude Oil -0.83%, Gold -0.14% and Bitcoin -0.25$
Have you been keeping up with the movements of key markets this week? With global events continuing to vary and influence markets, it’s important to stay up-to-date with what’s happening, where and why.
Shifting market trends can have an unexpected effect on portfolios, so understanding how different commodities are doing is essential for diversification. This includes tracking both regular markets such as Oil and Gold along with the more dynamic cryptocurrencies.
Today we look at the latest data available for some of today’s most popular investments: Stock Market, West Texas Intermediate Crude Oil, Gold and Bitcoin prices. We will analyze each commodity’s recent rate of change in terms of percentage points over the course of the day and compare them to one another. So what do these numbers mean? Let’s take a deeper dive into today’s trends.
Markets Today: Commodities Prices Today
Here are the latest prices for major commodities as of 14:40 WET on Wednesday, November 8, 2023.
The price of gold today is $1,966.90 per ounce, down $1.80 from yesterday. This is according to the most recent data from FintechZoom, as gold and silver market data provider. The spot price of gold is the price for immediate delivery, and it is typically quoted in U.S. dollars per ounce.
The price of gold has been on a downward trend over the past week. As of November 7, 2023, the price of gold is down by 1.5% compared to the previous week and 3.5% year-to-date. The decline in gold prices is due to a number of factors, including the Federal Reserve’s hawkish stance on interest rates and a strengthening US dollar.
Here are some of the reasons why gold prices have been declining:
The Federal Reserve’s hawkish stance on interest rates. The Federal Reserve has been raising interest rates in an effort to combat inflation. This has made gold less attractive to investors, as it has reduced the yield on gold-backed investments.
A strengthening US dollar. The US dollar has been strengthening in recent months. This has made gold more expensive for investors outside of the United States, as they have to pay more dollars to buy the same amount of gold.
Geopolitical uncertainty. The war in Ukraine and other geopolitical events have created uncertainty in the markets. This has made investors more likely to invest in safe haven assets, such as bonds and currencies, and less likely to invest in riskier assets, such as gold.
What is the Silver Price Today?
As of 14:16 WET on Wednesday, November 8, 2023, the price of silver is $22.54 per ounce.
Markets Today: Crypto Prices Today
As of Wednesday, 08 November 2023 14:42 WET, here are the prices of major cryptocurrencies:
The price of Bitcoin is currently $35,326.30 a change of -0.25% over the past 24 hours. This is as of 12:47 PM WET on Wednesday, November 8, 2023.
Markets Today: Stock Market Today
Markets Today: Stock Market Today provides a comprehensive overview of the markets today including the highs, lows, gains, percentages, and total market value. It also features analysis and commentary from renowned money managers across the globe. Investors can use this data to make informed decisions when it comes to investing in stocks listed on the various stock exchanges. Additionally, investors can use it to track their portfolios over time to see how their investments have done in terms of profitability compared with the rest of the market.
What is Tesla Stock Today?
Tesla’s stock price today, Wednesday, November 8, 2023 is $221.66. It is down 0.23% from the previous close of $222.18. The stock has been under pressure lately, falling 16.5% and 20.5% in recent days.
What is Apple Stock Today?
Apple’s stock price today, Wednesday, November 8, 2023 is $159.37. It is up 0.32% from the previous close of $158.83. The stock has been volatile in recent weeks, but it is currently trading above its 50-day and 200-day moving averages.