Metals
Market Analysis, Metals, Technical Analysis
XAG/USD hangs near eight-week low; bears retain control near $61.00
Silver (XAG/USD) attracts some sellers near the $61.75 area during the Asian session on Wednesday, stalling the previous day’s recovery from the $60.30 region, or the lowest level since August 5. The white metal currently trades near the $61.00 mark, down around 0.70% for the day, as traders now look to the US Personal Consumption […]
by Currency Hedger
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- 4 weeks ago
Market Analysis, Metals, Technical Analysis
Platinum Attempts Recovery as Falling Oil Eases Rate Pressure
Platinum futures are attempting to recover above $1,700 an ounce after recently falling to a two-month low, with softer oil prices providing some relief to precious metals. Lower crude prices are easing concerns about another inflationary surge, potentially reducing pressure on interest rates and improving the environment for non-yielding metals. However, platinum remains caught between […]
by Currency Hedger
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- 4 weeks ago
Commodities, Energies, Hedging, Market Analysis, Metals, Technical Analysis
Commodity Talk: Silver, Copper, Oil And Coffee
Key takeaways Commodities Market Overview The past month brought a significant correction across commodities markets, outside the energy group. Sugar, live cattle, and orange juice also gained value. Source: XTB None of the commodities currently appear extremely overbought when looking at technical indicators like RSI, while many of them show a bearish bias looking at […]
by Currency Hedger
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- 4 weeks ago
Market Analysis, Metals, Technical Analysis
Gold Holds Near $4,100 as Higher Oil Prices and Fed Rate Risks Pressure Bullion
Gold is trading near $4,100 per ounce after suffering a sharp decline, with higher oil prices, rising Treasury yields and expectations for further Federal Reserve tightening creating headwinds for the non-yielding metal. The latest pressure is coming from renewed uncertainty surrounding US-Iran negotiations and the resulting impact on energy markets. Higher oil prices are increasing […]
by Currency Hedger
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- 4 weeks ago
Hedging, Market Analysis, Metals, Technical Analysis
Chart of the Day: GOLD drops 4% and paves the way to $4,000
Gold prices fell by more than 4% on Monday, breaking through key support levels and dropping below the $4,200-per-ounce mark to their lowest level in nearly two months. The sell-off in the precious metals market is the result of cumulative pressure from rising U.S. Treasury yields and resurgent inflation fears fueled by a spike in […]
by Currency Hedger
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- 4 weeks ago
Market Analysis, Metals, Technical Analysis
Copper Prices Retreat as China Demand Concerns Challenge Supply-Driven Rally
Copper futures are trading around $6.60 per pound, extending their retreat from recent record highs as softer economic data from China raises fresh questions about industrial demand. China remains the world’s largest copper consumer, making changes in domestic industrial activity an important signal for the direction of the market. Industrial profits in China increased 15.7% […]
by Currency Hedger
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- 4 weeks ago
Metals, Technical Analysis
Gold tumbles to near $4,200 as hawkish Fed signals and stronger US Dollar pressure bullion
Gold price (XAU/USD) drops to around $4,215 during the early Asian trading hours on Monday. The precious metal loses ground as a stronger US Dollar (USD) and hawkish signals from the US Federal Reserve (Fed) policymakers dented bullion’s appeal. Expectations of higher-for-longer US interest rates were firmed after Fed officials said additional rate increases may […]
by Currency Hedger
- 0 Comments
- 4 weeks ago
Market Analysis, Metals, Technical Analysis
Gold Under Pressure as Oil and Fed Expectations Reshape the Market
Gold is trading around $4,250 an ounce, extending its recent decline and approaching its lowest level in seven weeks. The market is facing pressure from a combination of elevated oil prices, uncertainty surrounding the Strait of Hormuz and growing expectations that the Federal Reserve may need to maintain or increase monetary policy restraint to contain […]
by Currency Hedger
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- 4 weeks ago
Market Analysis, Metals, Technical Analysis
Copper Holds Near Record High as Supply Risks Tighten the Market
Copper remains close to record levels as a combination of disrupted mine supply, refinery maintenance and strong demand from electrification continues to tighten the market. US copper futures are trading near $6.70 per pound, within reach of the record high of $6.80 reached earlier in September. The market is increasingly focused on whether supply disruptions […]
by Currency Hedger
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- 4 weeks ago
Metals
XAG/USD remains steady near $94.00 as oil prices ease
Silver price (XAG/USD) inches higher after two days of losses, trading around $63.90 per troy ounce during Asian hours on Friday. Non-yielding Silver is finding underlying support as inflation concerns ease following a pullback in crude oil prices. Energy markets turned lower amid reports that the United States and Iran are considering a phased agreement, […]
by Currency Hedger
- 0 Comments
- 4 weeks ago