Commodities

Commodities

Commodity Markets

Oil Commodity

Oil dips on rising U.S. crude inventories, production

Oil markets dipped on Thursday, weighed down by rising crude inventories and production in the United States as well as a stronger dollar, which potentially hampers fuel consumption in countries that...
Oil Commodity

Oil rises after Iraq signals possible OPEC cut extension

Oil prices rose on Wednesday after Iraq’s oil minister said OPEC and other crude producers were considering extending or even deepening a supply cut to curb a global glut, while a...

Gold Slips to 2-Week Low, US Housing Data Next

Gold has lost ground in the Monday session. In North American trade, the spot price for an ounce of gold is $1306.68, down 1.03%. In economic news, there are no major...
Oil Commodity

U.S. oil prices hit $50 on rising refinery demand, falling rig count

U.S. crude oil prices rose above $50 per barrel on Monday and were near last week’s multi-month highs as the number of U.S. rigs drilling for new production fell and refineries...
v

Gold Prices Reach One-year High as Geopolitics Drive Haven Demand

Tensions on the Korean peninsula have triggered a gold-buying frenzy in recent weeks, as investors latched on to the yellow metal’s safe-haven status. A renewed slump in the U.S. dollar is...
Oil Commodity

Brent Crude’s Moment of Truth Looms

Exciting times for oil as we head towards the end of the week, with WTI rallying over 1.0% and Brent 0.5% as North Korea’s missile test iced the cake of a...

Gold and Silver Yawn at North Korea

Gold and Silver continue their healthy consolidations as we reach the week’s end, ignoring North Korea’s latest missile test. Gold Gold rose slightly this morning after the latest North Korea missile test, but...
Gold Commodity

Gold Pauses After Sharp Losses Kick Off Week

Gold is unchanged in the Tuesday session, after starting the week with considerable losses. In the North American session, the spot price for an ounce of gold is $1327.47, up 0.07%. On...
Oil Commodity

Oil prices steady as traders assess U.S. hurricane impact

Oil prices were steady on Tuesday, as traders weighed up the dampening effect on demand of Hurricane Irma versus refinery restarts in the wake of Hurricane Harvey that should lead to...
Oil Commodity

Oil trades mixed

Oil prices traded mixed on Monday, reversing some of the losses from the previous session after Saudi Energy Minister Khalid al-Falih hinted that the current output cut agreement might be extended once...
Gold Commodity

Risk Appetite Returns After North Korean Holiday

Safe Havens Under Pressure as Geopolitical Risk Eases a Little Risk appetite looks to have returned on Monday, with traders relieved at the inactivity in North Korea over the weekend after reports...
Oil Commodity

Oil dips on fears Hurricane Irma could hit crude shipments, rising Libya output

Oil prices dipped on Thursday over fears that Hurricane Irma in the Caribbean could interrupt crude shipments in and out of the United States, and as Libyan output began to recover...

Gold and Silver new highs, beware the RSI’s

Headlines continue to drive Gold and Silver higher despite very stretched RSI’s. Gold Gold pushed higher again overnight despite the very overbought technical picture. The rally was driven by escalating Korean peninsula tensions...
Oil Commodity

Harvey Unwind Evaporates Gasoline, Condensing Crude

Gasoline futures crash as U.S. refinings rapid comeback alleviates the refined crude backlog. Overnight crude trading was relatively quiet with most of the action occurring in gasoline futures, which slumped nearly four...
Gold Commodity

Is Gold’s Breakout Sustainable?

The past few weeks have proved to be a relatively large boon for Gold markets as increased geopolitical risk, as well as slipping U.S. centric economic data, has seen the precious...
Oil Commodity

U.S. gasoline prices tumble as Harvey subsides

Benchmark U.S. gasoline prices slumped on Monday to pre-Hurricane Harvey levels as oil refineries and pipelines in the U.S. Gulf Coast slowly resumed activity, easing supply concerns. Brent crude oil futures also...
Silver

North Korea Makes Gold And Silver Fly, But Beware The RSI

A thermonuclear North Korea has traders buying precious metals this morning, but be cautious of overbought RSI’s. Gold gapped higher this morning as North Korea’s hydrogen bomb test yesterday, and heightened rhetoric...
Oil Commodity

Crude falls as flooding from Harvey roils U.S. oil industry

Crude futures fell on Friday, partly reversing sharp gains from the previous session, amid ongoing turmoil in the oil industry following Hurricane Harvey with nearly a quarter of U.S. refining capacity...
Oil Commodity

Crude Oil Drops as Harvey Swamps Inventories

Crude couldn’t rally on much lower inventories as Harvey and spread trading swamps Brent Crude finally. Hurricane Harvey submerged another massive drawdown in the official U.S. Crude Inventories last night, washing Brent...
Oil Commodity

Crude dips, gasoline spikes as floods knock out one-fifth of U.S. refineries

Oil prices slid on Wednesday but gasoline spiked to their highest since July 2015 as flooding and storm damage in the wake of Hurricane Harvey has shut one-fifth of U.S. oil...
Silver

Silver Price Rejected at 13-Month Trend-line as Fear Abates, USD Rebounds

Silver turns lower from July 2016 trend-line on abating fears, USD bounce Bullish channel since July spike-low keeps price pointed higher for now Keep an eye out on similar channel in gold and...
Silver

Precious Metals Keep Their Feet on the Pedals

Precious metals gave back some gains to varying degrees as the dollar corrected, but overall still paint a rosy picture. Gold Gold gave back most of its gains overnight to finish unchanged at...
v

Gold finally breaks above $1,300. Will the Euro follow?

Equities across the globe traded mostly in the red on Tuesday, after North Korea launched a ballistic missile over Japan. Although investors have become sensitized to such actions by Kim’s regime,...
Gold Commodity

Gold and Silver Liftoff as Dollar Dumped and North Korea Tests

Renewed dollar selling and a North Korean missile test supercharge gold and dragging silver higher. Gold Gold powers higher in early Asia, leaping from 1310 to 1325 at one stage as North Korea...
Oil Commodity

Precious Metals and Commodities Weekly

This week we recap precious metals and commodities ahead of the Jackson Hole Symposium. Notable highlights are Gold testing 1300 while Palladium continues to be the metal that just keeps on giving. Oil...
Gold Commodity

Gold Soars As Oil Is Sent To The Naughty Corner

Concerning price action with oil falling on very bullish inventories as Trump and the FOMC indirectly boost gold. The official U.S. Crude Inventories delivered last night, announcing a monster drawdown, but crude...
Gold Commodity

Dollar Torpedos Gold Whilst Oil Checks Its Inventory

Huge inventory draw saves crude’s blushes as a stronger dollar twists the knife in gold’s side. The American Petroleum Institute (API) rode to oil’s rescue overnight reporting a massive 9.2 million barrel...
Oil Commodity

Mr Kim Turns Gold and Crude Oil, off the Boil

A perceived drop in North Korea threats and some weak data from China and Europe was all the excuse that stale crude oil and gold longs needed to head for the...
Oil Commodity

FOMC’s Song Drowned By Don and Kim

The FOMC may be this week’s data highlight, but it is the Kim and Trump show that will keep energy and precious metals on edge. Crude Oil Both Brent and WTI survived further...
Gold Commodity

Gold steady near 2-mth highs as N. Korea tensions continue

Gold prices held steady after touching their highest in more than two months on Friday, as rising tensions between the United States and North Korea triggered safe-haven buying. "Much of the rally (in gold)...

POPULAR

FOMC meeting preview: Ready for the great unwind

Federal Reserve FOMC Stocks
The Federal Open Market Committee faces a big test this week – can it announce the start...

The Pound is regaining positions. What’s next?

Great British Pound Currency
The GBP/USD is back to the highs it reached in June 2016. It was achieved with the...

Gold Slips to 2-Week Low, US Housing Data Next

Gold has lost ground in the Monday session. In North American trade, the spot price for an...

Dollar shines as Fed meets expectations; yen fails to find support on BOJ decision

Federal Reserve
The dollar advanced against a basket of major currencies on late Wednesday, rising to a one-week high...

Oil rises after Iraq signals possible OPEC cut extension

Oil Commodity
Oil prices rose on Wednesday after Iraq’s oil minister said OPEC and other crude producers were considering...

Featured

FOMC meeting preview: Ready for the great unwind

Federal Reserve FOMC Stocks
The Federal Open Market Committee faces a big test this week – can it announce the start...

How To Hedge Your Risk Using Bitcoin

Bitcoin
Better be safe than sorry Bitcoin has been a key market for risk-off trading during the...

History of the USD – A Timeline

US Dollar Currency
Over the centuries, the United States dollar better known to traders as the USD, has emerged as...
Get the latest news delivered straight to your inbox