February 12, 2021 10:52 am
Spot Gold extended losses from the prior trading day on Friday, as the US Dollar rebounded from recent two-week lows, supported by a rise in 10-year US bond yields. Still, however, the yellow metal looked set to register its first weekly gain in the past three weeks on hopes of additional fiscal stimulus in the […]
Read moreFebruary 11, 2021 10:27 am
Futures on US West Texas Intermediate Crude Oil eased from yesterday’s over 1-year high on Thursday due to expectations of slower economic recovery, while speculation emerged that recent oil price gains could prompt key producers to cut output at a lesser rate. “Benchmark crude oil futures fell … as investors tapped the brakes on the […]
Read moreFebruary 5, 2021 10:42 am
Having touched a two-month low on Thursday, Spot Gold managed to recoup part of recent losses on Friday, as the US Dollar eased from highs unseen since early December. Still, however, the yellow metal looked set to register its steepest weekly decline since the business week ended on January 8th, being down 2.20%. “There is […]
Read moreFebruary 4, 2021 10:05 am
Futures on US West Texas Intermediate Crude Oil rose for a fourth straight trading day on Thursday after OPEC+ maintained oil production cuts, while crude oil inventories in the United States dropped to levels not seen since March 2020. During a meeting on Wednesday, the Organization of the Petroleum Exporting Countries and allies, a group […]
Read moreJanuary 29, 2021 9:48 am
Spot Gold traded within a narrow range on Friday and looked set to register its fifth loss out of six months amid lack of proper catalysts to support prices, while the US Dollar strengthened. The dollar has gained more than 0.8% against a basket of major peers so far in January, supported by higher US […]
Read moreJanuary 28, 2021 10:25 am
Futures on US West Texas Intermediate Crude Oil retreated on Thursday, because of renewed fuel demand concerns stemming from travel curbs and vaccine delays in various parts of the globe. A stronger dollar also pressured the USD-denominated commodity. The US Dollar Index was last up 0.08% on the day at 90.71, after earlier rising as […]
Read moreJanuary 22, 2021 10:35 am
Spot Gold retreated on Friday, pressured by higher US bond yields. However, stimulus expectations have put the yellow metal on course for its best weekly performance since the business week ended on December 18th. The yield on US 10-year government bonds remained firmly above 1%, while providing certain support to the US Dollar. The latest […]
Read moreJanuary 21, 2021 10:20 am
After two straight trading days of gains, futures on US West Texas Intermediate Crude Oil eased on Thursday, as an industry report revealed an unexpected increase in US crude oil stocks, which once again brought forth concerns over demand. The American Petroleum Institute (API) reported on Wednesday that US crude oil inventories had risen by […]
Read moreJanuary 15, 2021 10:23 am
After a flat performance a day earlier, Spot Gold rose on Friday, as the prospect of a huge US coronavirus relief package increased the commodity’s appeal as a hedge against inflation. Additional support to prices came after rather dovish remarks from Federal Reserve’s Chairman Jerome Powell. US President-elect Joe Biden on Thursday announced a $1.9 […]
Read moreJanuary 14, 2021 10:10 am
Futures on US West Texas Intermediate Crude Oil eased from a fresh 47-week high on Thursday, despite that China’s customs data revealed a rise in crude oil imports and crude oil stocks in the US dropped more than anticipated last week, as surging new coronavirus infections worldwide and related oil demand concerns continued to weigh. […]
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