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Cocoa prices have surged globally, testing the $10,000 per ton level due to unfavorable weather conditions in key cocoa-producing regions like West Africa. The bullish trend extends to coffee prices,...
In 2024, gold prices shattered previous records, driven by a weaker US Dollar and expectations of Federal Reserve rate cuts.Gold prices have been rallying in 2024 and setting new highs for the...
In a recent report, Goldman Sachs highlights the potential for commodities to rally when interest rates decline. This insight is particularly relevant now, as a number of major financial institutions...
On analyzing the gold futures in the daily chart, I find the exacerbated movements amid growing bullish sentiments for an interest-rate cut by the Fed in its June 2024 meeting.The Fed signaled that...
Gold surged to a fresh high this week, while silver also closed positively despite the US dollar strength. Factors like inflation concerns and anticipated Fed rate cuts are bolstering precious...
Central Banks had a big impact on gold and silver last week. Gold futures have made new highs - and traders should watch out for a potential correction because of PCE, GDP data. Meanwhile, silver...
Gold staged a blinding comeback last week, surging to fresh all-time highs above $2,200 an ounce. The rally, which has added around 10% to gold’s value since mid-February, caught many market...
Gold's strong trend weakened due to a strong US dollar, causing mild bearish price action. Dollar's strength, driven by external factors and positive US economic indicators, weighed on gold. Despite...
In my previous article, I set an upper limit for gold futures at $2227, with volatility peaking before last Wednesday and Thursday's FOMC meeting.On March 21, 2024, gold futures made a significant...
Today, we highlight four noteworthy commodities that are on the rise and the factors propelling their prices upward. We'll delve into each commodity, providing comprehensive insights on why they're...
WTI crude oil is anticipated to surge in the first quarter of 2024, marking a turnaround from the downward trend of late 2023. Geopolitical tensions in Ukraine and the Middle East, coupled with a...
Cocoa prices have surged this year, reaching record highs this year. This remarkable surge, outpacing even Bitcoin's gains, marks a significant departure from historical trading patterns. The surge in...
Homeownership is the quintessential American dream, but it’s become increasingly elusive for many households. A multitude of factors, including soaring home prices, elevated interest rates and...
Crude oil rose about 4% last week with WTI taking out the $80 and Brent the $85 barrier, reaching levels last seen in November. Factors supporting oil prices include optimism over China, a bullish...
Since I explained the overbought territory could result in a selling spree in my last analysis on March 11, 2024, gold futures continue to slide amid volatile moves.As I pointed out the formation of a...