Metals
Market Analysis, Metals, Technical Analysis
Gold Climbs Above $4,100 as Falling Oil Prices Ease Inflation Concerns – Monday Market Outlook
Gold advances above $4,100 per ounce on Monday, extending last week’s gains as declining oil prices ease inflationary pressures and provide support to the precious metal. However, expectations of a more hawkish Federal Reserve are limiting further upside, with stronger-than-expected US employment data increasing the likelihood of another interest rate increase in December. The geopolitical […]
by Currency Hedger
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- 6 days ago
Market Analysis, Metals, Technical Analysis
Metals Market Forecast: Lithium Carbonate and Platinum Advance While Gold Retreats – Monday Market Outlook
Metals markets delivered a mixed performance in the latest trading session, with lithium carbonate and platinum leading the gains while silicon, iron ore and gold moved lower. Lithium carbonate was the strongest performer, rising 2.07%, followed by platinum, which advanced 0.96%. On the downside, silicon declined 0.76%, iron ore traded in China fell 0.51%, and […]
by Currency Hedger
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- 1 week ago
Market Analysis, Metals, Technical Analysis
XAG/USD retakes $52.00 as bulls seem hesitant ahead of US NFP
Silver (XAG/USD) attracts some buyers near the $51.25 region during the Asian session on Friday, stalling the previous day’s retracement slide from the vicinity of mid-$53.00s, or a one-week high. The white metal retakes the $52.00 mark in the last hour, though the upside seems limited as traders await the release of the crucial US […]
by Currency Hedger
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- 1 week ago
Market Analysis, Metals, Technical Analysis
Gold Price Forecast: Bullion Targets Strongest Weekly Gain as US Midterm Results Lift Safe-Haven Demand
Gold Holds Above $4,050 as Lower Bond Yields and Easing Inflation Expectations Support Prices Gold held above $4,050 per ounce on Friday and was on course to record a weekly gain of approximately 5%, supported by changing political expectations following the sweeping Democratic victory in the US midterm elections. The election result has shifted market […]
by Currency Hedger
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- 1 week ago
Market Analysis, Metals, Technical Analysis
Gold extends recovery amid post-election volatility, US jobs data in focus
Gold (XAU/USD) extends gains on Thursday, moving further away from the year-to-date low of $3,870 touched last week. The metal attracts buyers as the US midterm election results fuel volatility across financial markets. At the time of writing, XAU/USD trades around $4,130, near two-week highs. The precious metal surged 3.64% on Wednesday, while West Texas […]
by Currency Hedger
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- 1 week ago
Market Analysis, Metals, Technical Analysis
Gold eases from two-week top; holds comfortably above $4,100 as USD sticks to bearish tone
Gold (XAU/USD) retreats slightly from a two-week high touched during Thursday’s Asian session, albeit it clings to gains for the second straight day and currently trades around $4,130. The US Dollar (USD) extends the fallout from US election results, dropping to a fresh low since late September and assisting the commodity in building on the […]
by Currency Hedger
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- 1 week ago
Market Analysis, Metals, Technical Analysis
Copper Prices Hold Near $6.40 as Chinese Supply Tightens and Spot Premiums Surge to Four-Year High
Copper futures steadied around $6.40 per pound as tightening physical availability in China and strong buying interest from the world’s largest copper consumer provided support to prices. Chinese buyers are competing for limited supplies, with spot premiums continuing to climb as domestic smelter production cuts and restricted overseas imports tighten the market. Industry data showed […]
by Currency Hedger
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- 1 week ago
Market Analysis, Metals, Technical Analysis
XAG/USD rallies to $52.00 amid lower yields, weak US Dollar
Silver (XAG/USD) is one of the winners of the Republican defeat in the US midterm elections. The Precious metal has appreciated more than 4% on the day so far, reaching weekly highs at $52.00 after hitting a fresh one-year low at $48.62 earlier this week. Precious metals are rallying on Wednesday, favoured by broad-based US […]
by Currency Hedger
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- 2 weeks ago
Commodities, Energies, Market Analysis, Metals, Technical Analysis
Commodity Talk: Natgas, Wheat, Gold, Oil
Key takeaways Natural Gas (US & Europe) Technical Analysis Fundamental and Market Context US inventories are hovering near the 5-year average. The standard storage withdrawal season should begin in the coming weeks. Source: EIA, XTB The situation in Europe appears quite tense at the moment, as gas storage withdrawals started relatively early. However, December and […]
by Currency Hedger
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- 2 weeks ago
Market Analysis, Metals, Technical Analysis
Gold Prices Fall Towards $3,900 as Oil Rebound, Iran Conflict and Market Liquidations Pressure Bullion
Gold prices have resumed their decline, moving towards $3,900 per ounce as renewed geopolitical tensions and a rebound in oil prices weigh on precious metals. The latest weakness follows reports of a US strike on Iran’s Qeshm Island, raising concerns that renewed escalation could push energy prices higher and reignite inflationary pressures. The recovery in […]
by Currency Hedger
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- 2 weeks ago