April 13, 2023 8:40 am
After two consecutive days of gains, futures on US West Texas Intermediate Crude Oil edged down on Thursday, as market players were still concerned about a possible recession in the United States and weaker fuel demand. Crude Oil Futures gained more than 2% on Wednesday, as cooling consumer inflation in the US reinforced expectations the […]
Read moreMarch 31, 2023 9:03 am
Futures on US West Texas Intermediate Crude Oil edged down on Friday as optimism over China demand along with potential supply disruptions in Iraq was countered by uncertainty regarding US macro data due out later today. China’s industrial activity has become a major driver of oil prices in recent weeks. The country’s manufacturing sector activity […]
Read moreMarch 24, 2023 9:58 am
Spot Gold was a notch weaker on Friday, trading within a narrow range, as the US Dollar bounced off a seven-week trough, while market players mulled US Federal Reserve’s indications of a potential pause in its policy tightening cycle. The yellow metal, which does not pay any interest, remained at levels not far from recent […]
Read moreMarch 10, 2023 10:23 am
Futures on US West Texas Intermediate Crude Oil headed for their sharpest weekly loss since early February due to concerns faster interest rate hikes in the United States could slow growth and hamper fuel demand in the world’s biggest economy. Expectations of further policy tightening in both the United States and the Euro Area have […]
Read moreFebruary 28, 2023 9:20 am
Futures on US West Texas Intermediate Crude Oil surged 1% on Tuesday, underpinned by optimism a strong economic rebound in China will bolster fuel demand. However, WTI Crude Oil Futures looked set to register a fourth consecutive month of losses, being down 4.56% so far in February. Expectations over Chinese oil demand recovery supported the […]
Read moreFebruary 17, 2023 10:20 am
Spot Gold retreated on Friday and headed for its third consecutive week of losses, after a series of strong macro data revived expectations of further policy tightening by the Federal Reserve. Meanwhile, the US Dollar scaled a fresh six-week high, additionally pressuring Gold prices. Several Federal Reserve officials said this week the bank’s monetary policy […]
Read moreFebruary 10, 2023 9:13 am
Futures on US West Texas Intermediate Crude Oil looked set to register their first weekly gain in three, as market players were still weighing US recession risks against optimism over a sound fuel demand recovery in the world’s largest oil importer, China. The latest data by the US Labor Department seemed to have reignited recession […]
Read moreFebruary 3, 2023 9:56 am
Spot Gold was mostly steady on Friday, after retreating almost 2% in the prior trading day, as market players were mulling interest rate hike moves by major central banks. Yet, the precious metal looked set to register its first weekly decline in seven weeks, as the US Dollar remained firm. “With gold prices delivering a […]
Read moreJanuary 27, 2023 10:05 am
Futures on US West Texas Intermediate Crude Oil extended gains from the prior trading session on Friday, supported by faster-than-anticipated US GDP growth and optimism over a swift recovery in China’s fuel demand as COVID-19 infections and deaths in the country significantly decreased from recent peak levels. The latest preliminary data by the US Bureau […]
Read moreJanuary 20, 2023 9:03 am
Spot Gold looked set to register its fifth consecutive week of gains and traded near a nine-month peak on hopes the Federal Reserve may slow the pace of interest rate hikes. “Fed policy calibration thematic amid signs of more entrenched disinflation pressures is a key factor underpinning gold strength,” OCBC FX strategist Christopher Wong was […]
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