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Gold finished lower last week due to a slightly hawkish shift in Fed rate cut expectations Traders are closely monitoring central bank meetings (BOJ, ECB), global PMIs, and US GDP/PCE inflation...
This year’s record-high gold price and anticipated stellar gold prices in years to come are signaling a turning point in the financial system as we know it. The U.S. economy is facing critical...
Following today's impactful economic data announcement, gold bears gained renewed strength, keeping gold below the crucial support level at $2004. Signals from both building permits and initial...
A stronger dollar and a poor outlook for China's real estate market are weighing on copper prices But, demand for copper should gradually increase in the coming years Meanwhile, Antofagasta, a mining...
Oil prices fell more than 2% on Wednesday amid headwinds caused by a stronger dollar, oversupply concerns, and China's soft GDP data.Oil prices fell for a third day this week, with the West Texas...
After peaking in 2021, Copper prices declined sharply before bouncing around for a few years. That “bouncing” ended up following the twists and turns of Fibonacci rules.And we can see this...
Gold fell over 0.7% on Tuesday amid strengthening dollar and rising yields, as well as uncertain Fed path. Gold tumbled over 0.7% on Tuesday to $2,039, but technical analysis suggests that near-term...
Reviewing 2023 results for the major asset classes reflects a long list of winners, with one conspicuous downside outlier: commodities.Amid widespread gains in global markets last year, the red ink in...
In a surprising turn of events during the first week of December 2023, Gold futures achieved a record high, reaching $2152 from the day's low at $2038 on December 4, 2023.This unexpected move followed...
Oil prices jumped higher on Friday after US and UK attacked Houthi rebels. Analysts think further escalation in the conflict may propel Brent above $80.Oil prices spiked on Friday after the US and its...
Geopolitical risks continue to grow in the Middle East with the US and UK carrying out airstrikes against Houthis in Yemen. Potentially more concerning for oil markets is Iran having seized an oil...
Due to multiple potential headwinds, HSBC economists think gold is unlikely to remain above $2,000 in 2024. Gold prices surged to a new record high last month, driven by geopolitical tensions....
Gold bears appear poised to become more aggressive as concerns about a looming recession diminish, fueled by favorable economic data that supports expectations of a potential rate cut.Today's bumpy...
Oil prices came under pressure yesterday with a bearish EIA inventory report, while European gas prices found some support given developments in the Red Sea. Meanwhile, the share of Russian aluminium...
Natural gas futures listed on Dutch hub TTF have continued a downward trend. But, prices in the US have been on the rise of late. Meanwhile, an International coalition has intervened in the Red Sea...