Gold prices weer trading sideways in the Thursday session, after surging higher on Wednesday. Currently, the spot price for an ounce of gold is $1351.30, up 0.05% on the day. On the release front, PPI gained 0.4%, matching the forecast. Core PPI also gained 0.4%,...
Gold prices have edged up on the back of a tumbling US dollar which, according to analysts, has set the stage for a new bull market for the precious metal.XAU/USD was trading at $1,354.65 an ounce as of 10:20 GMT on Thursday, after enjoying...
Just over a year into production cuts lead by OPEC and Russia, oil markets in Asia have tightened noticeably as significant amounts of excess crude have been taken off tankers used for storage and delivered to customers across the region. hipping data shows about 15...
GOLD/SILVER HIGHLIGHTS:Gold threatening to break key long-term trend-line Weekly close above will be needed to qualify as a sound breakout Silver has resistance but will follow goldGOLD THREATENING TO BREAK KEY LONG-TERM TREND-LINE Late last month, gold was rejected from the 2013 trend-line in fairly swift...
Gold prices rose for a third straight session on Wednesday to hit a one-week high, buoyed by a weaker dollar, while investors awaited US inflation data for clues on the pace of future US interest rate increases.Spot gold was up 0.3 per cent at...
Saudi Arabia’s Energy Minister Khalid al-Falih said on Wednesday he was confident that cooperation between the Organization of the Petroleum Exporting Countries (OPEC)and its non-OPEC allies will continue to stabilize oil markets.“I am confident that our high degree of cooperation and coordination will continue...
Oil prices rose on Tuesday, lifted by a rebound in global stock markets that followed sharp falls last week, as well as by a weaker dollar which potentially supports more fuel consumption. U.S. West Texas Intermediate (WTI) crude futures were at $59.60 a barrel at...
Investors around the globe will closely monitor how the stock markets perform throughout trading today, following the rollercoaster ride that the financial markets experienced last week.Although it would not be an understatement to suggest that volatility in global stock markets has reached intense levels,...
Gold held steady on Friday amid tumbling equity markets, but a firmer dollar and worries about rising global interest rates weighed on prices.Spot gold was mostly unchanged at $1,319 an ounce, at 0715 GMT. Prices touched their lowest since Jan. 4 at $1,306.81 on...
Oil prices fell for a sixth day on Friday after Iran announced plans to boost production and U.S. crude output hit record highs, adding to concerns about a sharp rise in global supplies.The falls come amid a rout in global share markets as inflation...
Gold prices dropped for a third straight session on Thursday and hit a fresh four-week low, as investors liquidated their long positions on a firmer dollar, while expectations of more U.S. rate hikes this year also weighed on the market.Spot gold was down 0.4...
In the two years since Washington lifted a 40-year ban on oil exports, tankers filled with U.S. crude have landed in more than 30 countries, ranging from massive economies like China and India to tiny Togo.The repeal has unleashed a flood of U.S. shale...
Crude prices traded in the green on Wednesday, reversing losses from the previous sessions as markets gave signs of recovery after a turbulent selloff that was triggered by Wall Street last Friday. Meanwhile, the US dollar also weakened, making dollar-denominated assets such as oil...
Oil fell for a third day on Tuesday, as a rout in global equities triggered losses across bonds, cryptocurrencies and commodities, although the crude price is in positive territory so far this year.Even with Wall Street stocks posting their largest one-day fall since late...
Oil prices on Monday extended declines from the end of last week amid a wider market sell off and a stronger dollar, with Brent crude falling to its lowest in nearly a month.Other markets dropped as investors were spooked by Friday’s payrolls report from...
Surging shale oil production in Texas and North Dakota is being felt on trading desks in Chicago, Houston and New York, where a brisk business in West Texas Intermediate crude futures is far outpacing contracts for London-based Brent crude.As the United States approaches a...
Oil rose on Thursday after a survey showed OPEC’s commitment to its supply cuts remains in place, even as U.S. production topped 10 million barrels per day for the first time since 1970.Brent April crude futures were up 49 cents on the day at...
Oil prices fell on Tuesday for a second day as rising U.S. output and a strengthening dollar sapped demand for crude, pushing Brent below $69 a barrel for the first time in six days.rent crude futures, the global benchmark, had declined 46 cents, or...

Oil hits fresh 3-year highs

Oil prices reached fresh 3-year tops during the European afternoon as a falling dollar, declining US oil stockpiles and OPEC-led supply cuts continued to underpin the market.WTI crude peaked at $66.44 per barrel before it fell back to $66.00 (+0.72%) and Brent hit a high at $71.20...
Gold was unchanged in the Monday session. In North American trade, the spot price for an ounce of gold is $1331.91, unchanged on the day. On the release front, there are no US events on the schedule. On Tuesday, the US releases the Richmond Manufacturing...
Oil prices climbed on Monday, pushed higher by comments from Saudi Arabia that cooperation between oil producers who are withholding supplies would continue beyond 2018.Strong global economic growth and a drop in U.S. drilling activity also supported crude, traders said.Brent crude futures were at...
Commodities were trading on a mixed note come Thursday, despite data showing a much-larger-than-forecast decline in US crude oil stockpiles and a slightly stronger than expected reading on Chinese gross domestic product in the fourth quarter.In the energy space, front month West Texas Intermediate...
Oil has been one of the standout trades in 2017 and so far in 2018 it has looked positive. One of the reasons behind that has been the constant drawdown's in inventory in the US which has helped push up prices further. Today's reading...
NAB Technical Strategy Research discusses Gold technical outlook and notes that the Weekly MACD and DMI have produced prominent bullish triggers in December / January and confirm a sustainable MT uptrend bias.Trend line dating back to 2013 highlights interim resistance at 1350/1355.A monthly close above...
Crude oil is the most important resource in the world. Without oil, the other resources that we enjoy would not be available at large scale.As a result, countries with huge oil reserves are some of the most successful. Take Norway as an example. This...
Oil prices were stable on Thursday, supported by tighter inventories of crude as well as rebel threats of an attack on Nigeria’s petroleum industry, but the market was weighed down by a reported rise in U.S. fuel stocks.Brent crude futures were at $69.34 at...
Overnight we’ve seen the US dollar try and make a fresh move lower which appears to have been rebuffed for now.The failure to crack $90 on the US dollar index could prompt a short squeeze, which in turn could well prompt a top in...
Gold has been growing up steadily this year. By mid January, the yellow metal is at $1344.30, adding 0.7% to its price. Gold started growing in mid December and is moving ahead quite firmly in the lights of the weakening US dollar.The market does...
Brent crude oil prices held near $70 a barrel on Tuesday, a level not seen since 2014’s dramatic market slump.Prices have been driven up by production curbs in OPEC nations and Russia, as well by strong demand thanks to healthy economic growth.Brent crude futures...
Oil prices held closely below December 2014 highs on Monday, supported by production cuts by OPEC and Russia, although the market was capped by a rise in U.S. and Canadian drilling activity that points to higher future output in North America.Brent crude oil futures...