October 6, 2020 9:10 am
Futures on US West Texas Intermediate Crude Oil extended gains from the prior trading day on Tuesday as another tropical storm was forming in the Gulf of Mexico and posed a threat to oil facilities there, while markets were also relieved by news of US President Trump’s discharge from hospital. Yesterday WTI Crude Futures registered […]
Read moreOctober 5, 2020 9:12 am
Spot Gold was edging lower on Monday due to optimism regarding US President Donald Trump’s COVID-19 treatment, which weighed on demand for the safe harbor precious metal. Last week Trump was flown to the Walter Reed National Military Medical Center near Washington DC for treatment after testing positive for COVID-19. Global risk sentiment received a […]
Read moreOctober 2, 2020 9:26 am
Futures on US West Texas Intermediate Crude Oil extended losses from the prior trading day on Friday, while hitting a fresh 2 1/2-week low, as reports emerged that US President Trump had tested positive for COVID-19. Additionally, fuel demand concerns continued to persist with no US fiscal stimulus deal in sight yet. Risk sentiment soured, […]
Read moreOctober 1, 2020 9:13 am
Having registered its steepest monthly slump since November 2016 in September, Spot Gold rebounded on Thursday, supported by a weaker dollar and optimism over new fiscal stimulus package in the United States. US Treasury Secretary Steven Mnuchin said on Wednesday that negotiations with House Speaker Nancy Pelosi had “made a lot of progress” on the […]
Read moreSeptember 29, 2020 9:05 am
Futures on US West Texas Intermediate Crude Oil fell on Tuesday, following an almost 1% surge during the previous trading day, as pandemic-related demand concerns overshadowed optimism over a new fiscal stimulus package in the United States. Both WTI and Brent benchmarks gained on Monday after reports emerged that US Democrats had unveiled a new […]
Read moreSeptember 28, 2020 9:25 am
Spot Gold edged lower at the start of the new week, as the US Dollar held on to recent gains near a two-month peak against major peers ahead of the first presidential election debate between US President Trump and Democrat Joe Biden. The commodity was set to register its biggest monthly loss since November 2016, […]
Read moreSeptember 25, 2020 9:03 am
Futures on US West Texas Intermediate Crude Oil extended gains from the prior trading day on Friday, supported by a drop in US crude oil, gasoline and distillate inventories last week, as reported by the Energy Information Administration. However, further upside may be capped as virus resurgence in Europe and elsewhere added to prospects of […]
Read moreSeptember 24, 2020 9:20 am
Spot Gold retreated for a fourth straight trading day on Thursday and touched a fresh two-month low, pressured by a stronger US Dollar amid uncertainty surrounding US fiscal and monetary stimulus measures. The US Dollar remained firm near a two-month high against a basket of six major peers, as a second wave of infections in […]
Read moreSeptember 23, 2020 9:01 am
Futures on US West Texas Intermediate Crude Oil resumed slide on Wednesday after an industry report revealed an unexpected surge in US crude stockpiles last week. Additionally, a second wave of COVID-19 infections across Europe and the probability of another round of lockdown restrictions in Britain have added to fuel demand concerns. “A resurgence in […]
Read moreSeptember 21, 2020 8:24 am
Spot Gold was trading within a narrow range in Europe on Monday, as the US Dollar steadied after touching a 1 1/2-week low, while market players’ focus now sets on a plethora of speeches by Federal Reserve officials this week for further clues on the bank’s policy framework shift. Federal Reserve Chair Jerome Powell is […]
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