April 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 […]
Read moreMarch 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 more