July 9, 2020 9:19 am
Futures on US West Texas Intermediate Crude Oil traded lower on Thursday, paring gains from the previous day, since concerns over possible coronavirus lockdown re-imposition in the United States offset signs of recovery in US demand for gasoline. “The market’s struggling to get strong conviction to the upside at the current point in time,” Lachlan […]
Read moreJuly 8, 2020 9:32 am
Gold extended gains from the previous two trading days and hit highs not seen since early November 2011 on Wednesday, as continuing spread of the coronavirus across the United States and elsewhere added to prospects of more stimulus, supporting demand for the haven metal. The number of confirmed cases of the COVID-19 illness in the […]
Read moreJuly 7, 2020 9:43 am
Futures on US West Texas Intermediate Crude Oil retreated over 1% on Tuesday, while erasing gains achieved a day earlier, on mounting fears that continuing rise in new COVID-19 cases across the United States, the largest oil consumer globally, will hamper fuel demand recovery. Since 16 US states reported a record surge in new coronavirus […]
Read moreJuly 6, 2020 9:35 am
After recording four straight weeks of gains, Spot Gold continued to edge up on Monday, as economic recovery concerns stemming from the ongoing surge in new COVID-19 cases across the United States and elsewhere supported demand for the haven metal. At least 15 US states reported a record surge in new infections during the first […]
Read moreJuly 3, 2020 9:36 am
Futures on US West Texas Intermediate Crude Oil retreated on Friday, paring gains achieved so far this week, as concerns re-emerged that the new wave of COVID-19 infections across the United States and elsewhere could hamper fuel demand recovery. The United States, the largest oil consumer globally, reported over 55,000 new COVID-19 infections on Thursday, […]
Read moreJuly 2, 2020 9:23 am
Gold prices eased from Wednesday’s nearly 93-month high and remained within a narrow daily range on Thursday, as recent upbeat US macro data coupled with hopes for a potential coronavirus vaccine prompted investors to cut their safe haven bets. Yesterday the Institute for Supply Management said US manufacturing activity had rebounded sharply in June, with […]
Read moreJuly 1, 2020 9:34 am
Futures on US West Texas Intermediate Crude Oil rose to a one-week high on Wednesday, following a report of a larger-than-anticipated drop in US crude stocks, which indicated demand was picking up regardless of the spread of the novel coronavirus. Latest data from the American Petroleum Institute (API) showed crude oil inventories in the United […]
Read moreJune 30, 2020 9:36 am
Gold traded within a narrow range close to 92 1/2-month highs in Europe on Tuesday, as the speeding up spread of the coronavirus globally dented hopes of a swift economic recovery. Total confirmed cases of the COVID-19 illness have exceeded 10.3 million globally, while in the United States alone confirmed cases are now over 2.64 […]
Read moreJune 29, 2020 9:27 am
Futures on US West Texas Intermediate Crude Oil retreated for a second consecutive trading day on Monday, as ongoing surge in new COVID-19 cases in the United States, India, Brazil and elsewhere heightened concerns that renewed partial lockdowns could restrict demand for fuel. The total number of confirmed coronavirus cases globally exceeded 10 million, while […]
Read moreJune 26, 2020 9:42 am
Gold traded within a relatively tight daily range during the Asian and European sessions on Friday and was poised to register its third successive week of gains amid surging new COVID-19 infections globally, which cast doubt on the V-shaped economic recovery forecast by many. More than 179,700 new cases of the illness were reported globally […]
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