March 12, 2021 9:03 am
Spot Gold extended losses from the previous trading day on Friday, pressured by a surge in US Treasury yields and a firmer US Dollar. The yield on benchmark US government bonds rose after a pullback earlier this week, while the US Dollar rebounded from lows not seen since March 4th. Rising bond yields lead to […]
Read moreMarch 11, 2021 10:01 am
Futures on US West Texas Intermediate Crude Oil extended gains on Thursday, after US gasoline inventories dropped for a second straight week, while successful vaccine roll-outs added to economic outlook optimism. On the other hand, US crude oil inventories rose for a third straight week following the mid-February deep freeze in Texas. An official report […]
Read moreMarch 5, 2021 10:10 pm
Silver finished this week lower by 4.5% as weakness continues for gold’s little brother. Dollar has flexed its muscle causing precious metals to falter. However, this weakness would be no surprise for Trading Price Newsletter subscribers. Silver Price Analysis for March 5, 2021 (click on image to enlarge) Last week, we said silver’s price […]
Read moreMarch 5, 2021 10:11 am
Spot Gold extended losses from the previous two trading days on Friday, while hitting a fresh nine-month low, following some disappointing remarks on rising bond yields by Federal Reserve Chair Jerome Powell, which further bolstered bond yields and the US Dollar. The precious metal also looked set to register its third consecutive week of losses. […]
Read moreMarch 4, 2021 9:50 am
Futures on US West Texas Intermediate Crude Oil extended gains from the previous trading day on Thursday, as OPEC+ producers may decide to stick with oil output cuts at a meeting later today, which provided support to oil prices. The Organization of the Petroleum Exporting Countries and allies, known as OPEC+, may roll over production […]
Read moreFebruary 26, 2021 10:08 am
Spot Gold extended losses from the previous three trading days on Friday, while hitting a fresh eight-month low, as optimistic macroeconomic outlook and higher inflation expectations gave US bond yields a boost. The commodity was also poised to register its second straight week of losses and the worst monthly performance since November 2020. Yesterday the […]
Read moreFebruary 25, 2021 10:15 am
Futures on US West Texas Intermediate Crude Oil extended gains from the previous trading session on Thursday, while touching a fresh 59-week high, as a Texas winter storm led to a considerable drop in US crude oil production last week, while the Federal Reserve assured markets that monetary policy would remain accommodative. The latest data […]
Read moreFebruary 25, 2021 1:32 am
Silver price started off the month of February with a sparkle as traders tried to push a short squeeze to rail the large institutions. Since the February 1 high, silver prices have softened and seemed to have settled within a $26-28 price range. Silver Price Momentum At the time of this writing, silver prices have […]
Read moreFebruary 19, 2021 10:26 am
Spot Gold extended losses from the prior several trading days on Friday, while hitting a fresh 33-week trough, as the recent surge in US bond yields continued to weigh on demand for the safe-haven metal. Gold also looked set to register its biggest weekly loss since late November, being down 2.74%. The yield on 10-year […]
Read moreFebruary 18, 2021 10:07 am
Futures on US West Texas Intermediate Crude Oil extended gains from the prior three trading days on Thursday, while hitting a fresh 13-month high, due to concerns that a cold front in Texas, the largest oil-producing state, could disrupt oil output for days. Texas is facing massive refining outages and oil and gas shut-ins, with […]
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