Commodities

Commodities

Commodity Markets

Gold

Gold lower despite Trump tax plan worries

Precious metals traded in the red on Thursday with gold edging down, mostly led by decreasing global geopolitical risks. However, market watchers remained concerned regarding the US President Donald Trump’s tax plan...
WTI OIL

Post-Rout Rally Likely for Oil but OPEC Concerns Remain in Place

Following a much larger than anticipated drawdown in US Crude Inventories, the recent oil rout is levelling out which means buying pressure is likely to be coming down the line in...
Oil

Crude Oil and Precious Metals Diverge

Energy and precious metals diverged overnight, with crude oil holding its ground while the safe-haven unwind continues in gold and silver. Crude Oil Choppy trading in decent ranges was the theme of the...
Oil

Wolves Circle Oil and Gold Ahead of Le Crunch

Oil continues it’s bearish consolidation, while precious metals await this weekend’s French election. Gold has spent the overnight session consolidating to open quietly mid-range at 1281 this morning in Asia. The fact...
WTI OIL

Oil prices claw back ground after sharp drop, buoyed by U.S. crude stock dip

Oil prices regained some ground on Thursday after steep losses the previous day, with a slight drop in U.S. crude inventories stoking hopes that a push to rein in global oversupply...
Oil

Oil prices dip on bloated U.S. market, mixed Saudi signals

Oil prices dipped on Wednesday as bloated U.S. supplies weighed on markets while a fall in Saudi crude exports was offset by rising production in the country. Brent crude futures LCOc1, the...
Gold

XAU/USD – Gold Moves Close to $1300 as North Korean Crisis Continues

Gold has posted gains on Tuesday, erasing most of the losses which marked the Monday session. In North American trade, gold is trading at $1289.78 per ounce. On the release front, US...
Oil

Crude Oil Shows Key Reversal Point

Crude Oil prices have been trending strongly higher through most of April as the commodity was buoyed by the ongoing OPEC production cuts, as well as plenty of geo-political risk. Subsequently,...

Commodities Fall as Mnuchin Trumps the Dollar

Treasury Secretary Mnuchin’s strong dollar comments saw the greenback rally across most asset classes. PRECIOUS METALS Gold fell from its high above 1295 to 1280 overnight, but gold has made a sprightly start...
Gold

Gold, silver hit five-month highs

Gold and silver traded at five-month highs on Wednesday as worries over geopolitical tensions boosted safe haven demand. Investors were attracted to less risky assets as concerns loomed over US military action...
Oil

Oil little changed amid rising U.S. output, OPEC production cuts

Crude oil futures were largely unchanged on Thursday, with the market torn between rising U.S. production and the output cuts being made by OPEC and other producers. Benchmark Brent crude futures were...
Silver

Threat of Nuclear Conflict Great News, if You’re Bullish on Silver That is

In times of spiralling market fears, it’s only natural that we see gold prices spike higher but we shouldn’t forget the metal’s cheaper sister as it too is reacting strongly to...
Oil

Oil prices rise on potential extension of output cuts

Oil prices rose on Wednesday, putting crude futures on track for their longest streak of gains since August 2016, as Saudi Arabia was reported to be lobbying OPEC and other producers...

Gold becomes more attractive

It seems almost surreal that another war might be on the horizon for the United states, but that could be very much be the case in the near future. Markets are responding...
Oil

Oil eases from five-week top, rising U.S. production weighs

Crude oil eased from a five-week high on Tuesday as rising U.S. shale oil production offset concerns over geopolitical tensions in the Middle East and output cuts being made to support...
Oil

Oil jumps in knee-jerk reaction after U.S. launches missile strikes at Syria

Oil futures surged more than 2 percent to a one-month high on Friday after the United States launched dozens of cruise missiles at an airbase in Syria, with prices later dropping...

Gold catches traders eyes

Markets have been very interesting as of late, and one the most interesting movers in the market thus far has been gold. The hedge of risk is once again taken a major...
Oil

Traders bet their oil storage assets that OPEC cuts will work

The jury is still out on whether OPEC can rein in a global oil glut but top commodity traders are betting it can by selling stakes in storage tank businesses that...

Gold’s Consolidation Phase Poised to Continue

Gold is fast approaching a critical resistance level which could mean we have a few torrid weeks ahead of us. Specifically, on the one hand, the metal’s underlying bullish sentiment remains...
WTI OIL

Oil hits one-month high near $55 on tighter supplies

Oil hit a one-month high near $55 a barrel on Wednesday as a drop in U.S. crude inventories raised hopes that OPEC-led supply restraint is clearing a glut, while an outage...
Oil

Oil prices fall as Libya’s output rebound boosts supply

Oil prices fell on Tuesday as a rebound in Libyan crude production combined with an increase in U.S. drilling to signal the potential for increased supply. Benchmark Brent crude oil was down...
Gold

Gold Prices Aren’t Behaving in Practice as They Should in Theory

The Federal Reserve’s decision to raise interest rates on December 14 should have been the death bell for gold, a commodity that is highly sensitive to monetary policy. But something very...
Oil

Crude rebound encourages dip-buyers

Time heals all wounds, and in the case of stock markets the amount of time is about a week to move on from disappointment at Donald Trump’s failure to reform US...
Brent Oil

Is Oil’s Near-Term Rally Set to Reverse?

Oil prices are reaching a critical zone of resistance which could spell trouble for the forecasted rally. Specifically, as has been discussed previously, the 100 day moving average is generating some...

Gold below $1,250 on Fed rate hike hints

Precious metals traded in the red on Wednesday as investors grew more confident of another US Federal Reserve interest rate hike later in the year. The US dollar strengthened and stocks rose...
Oil

Oil rises on Libyan supply disruptions, likely OPEC output cut extension

Oil prices on Wednesday extended gains from the previous session, lifted by supply disruptions in Libya and expectations that an OPEC-led output reduction will be extended into the second half of...
Petrochina Oil

Oil rises on weak dollar, but bloated supply still weighs

Oil prices rose on Tuesday thanks to a weakened dollar, supply disruption in Libya and the latest comments from officials suggesting OPEC could extend its deal cutting global production. But crude futures...
Silver

Has the Silver Rally Done its Dash or is More Still to Come?

Silver’s long-term uptrend may be due for a spell of moderation moving ahead as the metal prepares to make a final push higher in the coming weeks. Specifically, the combination of...
Oil

Oil slips towards $50 on doubts over output-cut extension

Oil fell further towards $50 a barrel on Monday, pressured by uncertainty over whether an OPEC-led production cut will be extended beyond June in an effort to counter a glut of...
Oil

Oil Prices Experience Biggest Drop in a Year as Oversupply Fears Escalate

Crude oil has declined sharply this month, as the prospect of a renewed supply glut from U.S. shale threatens the market’s quest for balance. Since reaching 19-month highs on February 23, U.S....

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Britain’s trade options after Brexit: no easy way out

Brexit Vote Remain
Britain's status as a trade power has become one of the most contentious issues in the European...

Asian stocks rise as steelmakers dismiss U.S. probe, euro fretful before French vote

Asian Stock Market
Asian stocks were set to end the week on a positive note, unscathed by a U.S. trade...

Debenhams shares get Sergio Butchered

London Stock Exchange
Jitters ease but stocks little changed It was another jittery day for stock markets. Investors have been juggling...

It is all about the Euro

Euro
The Euro was elevated to levels not seen since March 2017 at 1.0777 during Thursday’s trading session,...

Swissy Heading for Further Losses Moving Ahead

Swiss Franc
The Swissy’s recent decline has been on pause over the past few sessions which cast some doubt...
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