October 8, 2021 8:50 am
Spot Gold was mostly steady within a tight daily range on Friday as market focus sets on the US Non-Farm Payrolls report due out later in the day. Some analysts project strong data will add to the case for the Federal Reserve to begin tapering monetary stimulus and mount pressure on the yellow metal. “Gold’s […]
Read moreOctober 7, 2021 8:38 am
Futures on US West Texas Intermediate Crude Oil retreated for a second straight trading day on Thursday after a surprise increase in US crude oil stocks raised concerns over weaker demand. The official report by the US Energy Information Administration (EIA) showed yesterday that crude oil inventories had risen by 2.346 million barrels to 420.8 […]
Read moreOctober 1, 2021 8:49 am
Spot Gold eased from a one-week peak on Friday, as the US Dollar hovered just below a fresh one-year high, mounting pressure on the dollar-priced commodity. A stronger dollar makes Gold more expensive for international investors holding other currencies. Still, a drop in US 10-year Treasury yields limited losses for the yellow metal. “The gold […]
Read moreSeptember 30, 2021 8:45 am
Futures on US West Texas Intermediate Crude Oil rose on Thursday, recouping part of the loss from Wednesday following a surprise increase in US oil and fuel inventories. The official report by the US Energy Information Administration (EIA) showed yesterday that crude oil inventories had risen by 4.578 million barrels to 418.5 million barrels during […]
Read moreSeptember 24, 2021 9:57 am
Spot Gold rebounded from a six-week low on Friday, as concerns over indebted property developer China Evergrande supported demand for the safe-haven metal, while the US Dollar eased from recent one-month highs. “Asian investors could be building gold to protect against undesirable developments in the Evergrande saga over the weekend,” Jeffrey Halley, a senior market […]
Read moreSeptember 23, 2021 8:51 am
Futures on US West Texas Intermediate Crude Oil hit a fresh one-week high on Thursday after a sharper-than-expected drop in US crude oil inventories and as output in the Gulf of Mexico remains obstructed following recent hurricanes. Renewed investor risk appetite also supported oil prices, since concerns over a potential default by property developer China […]
Read moreSeptember 17, 2021 8:47 am
Spot Gold rebounded from an over one-month low on Friday, but was still poised to register a weekly loss as the US Dollar held ground near a three-week peak ahead of the highly anticipated Federal Reserve policy meeting next week. A stronger dollar reduces Gold’s appeal for international investors holding other currencies. “While support at […]
Read moreSeptember 16, 2021 8:18 am
Futures on US West Texas Intermediate Crude Oil remained mostly steady on Thursday, following a 3% surge in the previous session that came after a sharper-than-expected drop in US crude oil inventories. Refiners in the US Gulf area and offshore oil facilities were still in a process of recovery from Category-4 Hurricane Ida, the Energy […]
Read moreSeptember 10, 2021 9:11 am
Spot Gold rose for a second straight trading day on Friday, but was set to register its first loss in five weeks as the US Dollar was poised for its first weekly gain in three amid intensifying jitters over the Federal Reserve’s taper timeline. “The overall backdrop for gold is much more bearish… We’re increasingly […]
Read moreSeptember 9, 2021 8:12 am
Futures on US West Texas Intermediate Crude Oil eased on Thursday, following a 1.4% surge in the previous trading session, as a drop in oil production in the Gulf of Mexico following damage from Hurricane Ida still supported the market. Nearly 77% of US Gulf production, or some 1.4 million barrels per day, remained offline […]
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