October 14, 2022 10:33 am
Futures on US West Texas Intermediate Crude Oil were on track to register their first loss in three weeks, as global recession concerns and weak Chinese oil demand offset the positive effects from a softer US Dollar and a huge cut to the OPEC+ oil production target. Yesterday the International Energy Agency (IEA) revised down […]
Read moreOctober 7, 2022 8:15 am
Spot Gold traded little changed on Friday ahead of the highly anticipated US employment data that could offer insight into labor market conditions. Still, the yellow metal was poised to register its best weekly performance since March, having risen 3.01% so far this week, as the US Dollar eased from 20-year highs and US Treasury […]
Read moreSeptember 30, 2022 8:48 am
Futures on US West Texas Intermediate Crude Oil were set to register their first gain in five weeks, as the US Dollar eased from 20-year highs and there is a possibility that OPEC+ members may agree to reduce oil production at their meeting on October 5th. “A deteriorating crude demand outlook won’t allow oil to […]
Read moreSeptember 23, 2022 9:46 am
Spot Gold was trading within a relatively tight range on Friday and was set to register a second straight week of losses, as US Treasury yields hit their highest levels in over a decade and the US Dollar was at a fresh 20-year peak, driven by expectations of more aggressive interest rate hikes by the […]
Read moreSeptember 15, 2022 8:55 am
Spot Gold extended recent string of losses and registered a fresh eight-week low on Thursday, as the US Dollar attempted to re-visit multi-decade highs driven by expectations of super-sized interest rate hikes by the Federal Reserve. “The Fed needs to shock the economic system hard and the chance of a 100-basis-point rate rise is a […]
Read moreSeptember 8, 2022 9:09 am
After sliding to lows unseen since mid-January in the prior trading session, futures on US West Texas Intermediate Crude Oil rebounded over 0.3% on Thursday, as energy stalemate between the EU and Russia heightened investor concerns over fuel supply tightness. Yesterday the EU proposed a price cap on Russian gas after President Vladimir Putin threatened […]
Read moreSeptember 1, 2022 9:23 am
Spot Gold registered a six-week low on Thursday, mostly due to stronger US Dollar and prospects of aggressive policy tightening by central banks across the globe in an attempt to curb soaring inflation. CPI inflation in the Euro Area reached a record high level of 9.1% in August, which added to the case of more […]
Read moreAugust 25, 2022 8:21 am
Spot Gold rose on Thursday, mostly due to a pullback in the US Dollar, as investors awaited the Federal Reserve’s annual Jackson Hole, Wyoming symposium this week for guidance on future interest rate hikes. “Expectations of a hawkish message from FOMC Chair Powell at Jackson Hole will likely keep upward pressure on the US dollar […]
Read moreAugust 18, 2022 9:09 am
After an 1.8% gain in the prior trading day, futures on US West Texas Intermediate Crude Oil traded little changed on Thursday, as investors weighed a drop in US crude stocks against a surge in Russian oil output and global recession concerns. The official report by the US Energy Information Administration (EIA) showed on Wednesday […]
Read moreAugust 11, 2022 7:59 am
Having risen over 1% yesterday, futures on US West Texas Intermediate Crude Oil edged lower on Thursday, as investors weighed easing supply disruption concerns against proof of improving fuel demand. The official report by the US Energy Information Administration (EIA) showed on Wednesday gasoline inventories had decreased by 4.978 million barrels to 220.3 million barrels […]
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