January 8, 2021 10:31 am
Spot Gold extended losses from the previous two trading days on Friday, pressured by a stronger US Dollar and rising US bond yields. The yield on US 10-year government bonds rose to levels not seen since March 2020, while maintaining ground above 1%. “In the short term, we just seem to lack a catalyst to […]
Read moreJanuary 7, 2021 10:23 am
Futures on US West Texas Intermediate Crude Oil extended gains from the prior two trading days on Thursday, while hitting highs not seen since late February 2020, after the unilateral decision by Saudi Arabia to slash production during the upcoming two months. Additional support to prices came after a weekly report showed a drop in […]
Read moreDecember 31, 2020 10:02 am
Following a two-day rally, futures on US West Texas Intermediate Crude Oil eased on Thursday and were set to register a 21% slump in 2020, as COVID-19-related lockdown restrictions delivered a blow to many segments of the global economy, while crippling fuel demand. Still, oil prices have rebounded from their decade-lows registered in April, as […]
Read moreDecember 23, 2020 10:49 am
Futures on US West Texas Intermediate Crude Oil retreated for a third straight trading day on Wednesday, as an industry report revealed a surprise crude oil inventory build in the United States, while President Donald Trump threatened not to sign an $892 billion COVID-19 relief bill. Trump demanded that Congress raise the amount in the […]
Read moreDecember 18, 2020 10:24 am
Having touched a one-month high of $1,896.32 on Thursday, Spot Gold eased during European trade on Friday, but was still poised to register its third successive week of gains due to growing optimism over further stimulus measures in the United States. Congressional Republicans and Democrats scrambled to pass a new round of coronavirus relief yesterday, […]
Read moreDecember 17, 2020 10:45 am
Futures on US West Texas Intermediate Crude Oil extended gains from the prior several trading days on Thursday, while hitting highs not seen since late February, after a government report revealed a drop in weekly US crude oil inventories. Media reports of progress being made on US fiscal stimulus deal provided some additional support. A […]
Read moreDecember 11, 2020 10:18 am
Spot Gold traded within a narrow range in Europe on Friday and was set to register its fourth loss out of five weeks, as pressure on the US Dollar eased due to a possible delay in US fiscal stimulus deal. The US Senate is expected to vote on a stopgap measure on Friday to keep […]
Read moreDecember 10, 2020 10:55 am
Futures on US West Texas Intermediate Crude Oil surged 1% on Thursday, as optimism over a faster oil demand recovery following COVID-19 vaccine roll-out outweighed a sharp increase in US crude oil stocks. COVID-19 vaccinations were initiated in the UK this week and are about to begin during the upcoming weekend in the US. WTI […]
Read moreDecember 4, 2020 10:39 am
Spot Gold was mostly flat in Europe on Friday, but headed for its first gain in four weeks, as the US Dollar weakened to levels not seen since late April 2018 on growing optimism regarding US stimulus. Weaker dollar makes the yellow metal less expensive for international investors holding other currencies. “Upward momentum (in gold) […]
Read moreDecember 3, 2020 10:36 am
After gaining over 1.6% on Wednesday, futures on US West Texas Intermediate Crude Oil retreated on Thursday, as oil producers argued over the need to extend unprecedented production cuts that were put into place at the start of the coronavirus pandemic. The Organization of the Petroleum Exporting Countries and allies, known as OPEC+, are expected […]
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