September 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 […]
Read moreAugust 4, 2022 7:42 am
Futures on US West Texas Intermediate Crude Oil hovered just above a fresh 23-week low on Thursday following an unexpected increase in US crude oil and gasoline stocks last week. The official report by the US Energy Information Administration (EIA) showed on Wednesday crude oil inventories had increased by 4.467 million barrels during the week […]
Read moreJuly 28, 2022 8:44 am
Futures on US West Texas Intermediate Crude Oil extended gains from the prior trading day on Thursday amid improved investor risk sentiment and following a large drop in US crude oil stocks last week. “Risk sentiment has recovered from recession fears due to the ongoing U.S. earnings optimism and less aggressive Fed rhetoric on rate […]
Read moreJuly 21, 2022 8:02 am
Futures on US West Texas Intermediate Crude Oil extended losses on Thursday as demand-related concerns overshadowed tight supply, with government data showing US gasoline stocks rising during the peak of the peak driving season. The official report by the US Energy Information Administration (EIA) showed on Wednesday gasoline inventories had increased by 3.498 million barrels […]
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