April 16, 2021 9:22 am
Spot Gold was holding near recent seven-week highs on Friday, as the US Dollar and US Treasury yields retreated to lows unseen in almost a month after the US government imposed a wide range of sanctions on Russia over alleged interference in last year’s presidential election. A weaker dollar makes Gold more affordable for international […]
Read moreApril 15, 2021 9:15 am
Futures on US West Texas Intermediate Crude Oil retreated on Thursday, but still held not far from a fresh one-month high achieved earlier in the day, after the International Energy Agency and OPEC revised up their full-year oil demand forecasts. Additional support to prices came on the back of a larger-than-expected drop in US crude […]
Read moreApril 9, 2021 9:28 am
Spot Gold eased from recent one-month high on Friday after a set of macro data coming out of China added to optimism over a swift recovery. The latest data showed that factory gate prices in China had surged at the fastest yearly rate since July 2018 in March, while outstripping a consensus of estimates. “Gold […]
Read moreApril 8, 2021 8:43 am
Futures on US West Texas Intermediate Crude Oil snapped a two-day streak of gains on Thursday, after an official government report revealed the largest increase in US gasoline inventories since early February, which raised concerns over demand in the country at a time when oil supplies across the globe surge. A report by the US […]
Read moreApril 2, 2021 8:57 am
Spot Gold extended gains from the previous trading day on Thursday, while rebounding from an over three-week low, as the US Dollar and US bond yields eased from recent highs. A bleak US jobless claims report also supported demand for the yellow metal. The US Dollar eased from highs not seen since early November along […]
Read moreApril 1, 2021 9:05 am
Following two straight trading days of losses, futures on US West Texas Intermediate Crude Oil rebounded on Thursday due to expectations that OPEC and its allies will likely continue oil output curbs when the group meets later in the day, as new COVID-19 cases continued to surge. Members of the Organization of the Petroleum Exporting […]
Read moreMarch 26, 2021 9:31 am
Spot Gold traded little changed in proximity to Thursday’s one-week low on Friday and was poised to register its first weekly loss in three weeks, as recent upbeat US macro data and accelerating vaccine roll-outs pushed the US Dollar to highs not seen since mid-November. An official government data showed yesterday that the number of […]
Read moreMarch 25, 2021 10:03 am
Futures on US West Texas Intermediate Crude Oil retreated more than 2% on Thursday, since new pandemic-related lockdowns once again brought to life concerns over oil demand, even as a stranded container ship was still obstructing oil carriers in the Suez Canal. “Oil is shifting lower, and in addition to lockdown woes, the slow uptake […]
Read moreMarch 19, 2021 10:01 am
After a 0.5% loss on Thursday, Spot Gold edged up on Friday, but upside seemed limited amid rising US bond yields after the Federal Reserve projected the strongest economic growth in four decades. The US Dollar rebounded from lows unseen in two weeks as US bond yields held in proximity to an over one-year peak, […]
Read moreMarch 18, 2021 9:54 am
Futures on US West Texas Intermediate Crude Oil extended losses from the previous four trading days on Thursday after an official report revealed US crude and fuel stocks continued to increase, as refineries in some southern states were forced to shut because of the mid-February deep freeze. An official report by the US Energy Information […]
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