West Texas Intermediate (WTI) Crude Oil prices struggle to gain any meaning on the first day of a new week and oscillate in a narrow trading band around the $80.70-$80.75 region during the Asian session. The commodity, meanwhile, remains well within the striking distance of its lowest level since August 29 touched on Friday and continues to be […]
Commodities
Commodities
Commodities
06
Nov
Nov
Gold Price Forecast: XAU/USD consolidates near $1,990 amid improved risk appetite
Gold price hovers around $1,990 per troy ounce during the Asian session on Monday, struggling to continue the winning streak. However, the bullion prices improved on expectations that the US Federal Reserve (Fed) may conclude its monetary policy tightening after the subdued employment data from the United States (US). However, Gold prices could experience downward pressure amidst […]
04
Oct
Oct
Gold Futures: Downside could be losing momentum
Open interest in gold futures markets dropped by around 1.4K contracts after two consecutive daily builds on Tuesday, according to preliminary readings from CME Group. Volume, instead, remained erratic and increased by around 12.3K contracts following the previous daily drop. Gold faces a tough support around $1800 Gold prices remained in free fall on Tuesday amidst […]
04
Oct
Oct
USD/CAD trades higher near 1.3710 on market caution, weak Oil prices
USD/CAD traces the upward path on the fourth successive day, trading higher near 1.3710 during the Asian session on Wednesday. The pair is experiencing upward support amid cautious sentiment due to the US Federal Reserve’s (Fed) interest rates trajectory. The US Dollar Index (DXY) hovers around 107.10 at the time of writing, aligned with the 11-month high marked […]
04
Oct
Oct
Crude Oil Futures: Further recovery looks likely
Considering advanced prints from CME Group for crude oil futures markets, open interest rose by around 19.5K contracts after three consecutive daily pullbacks on Tuesday. Volume followed suit and went up by nearly 20K contracts, reversing at the same time three straight daily drops. WTI: Next target emerges near $95.00 Prices of WTI charted decent gains on […]
15
Aug
Aug
XAU/USD hangs near multi-week low, just above $1,900 mark
Gold price struggles to gain any meaningful traction during the Asian session on Tuesday and languishes near its lowest level since June 6 touched the previous day. The XAU/USD manages to hold above the $1,900 mark, at least for the time being, though the bias still seems tilted in favour of bearish traders and supports […]
14
Aug
Aug
Gold price remains delicate amid higher US Dollar, bond yields
Gold price (XAU/USD) continues its bleak performance amid headwinds of a strong US Dollar and higher US Treasury bond yields. The precious metal remains under pressure as consumer and producer inflation grew modestly in July but failed to uplift chances of further policy tightening by the Federal Reserve (Fed). The 0.2% monthly increase in the […]
08
Aug
Aug
WTI slides towards $81.00 amid risk-off mood, downbeat China concerns ahead of API crude oil inventories
WTI crude oil takes offers to refresh the intraday low near $81.40 amid the early hours of Tuesday’s European session. In doing so, the black gold drops nearly 1.0% on a day after witnessing a lackluster start to the week. That said, the energy benchmark’s latest losses could be linked to the market’s risk aversion, as well as […]
07
Aug
Aug
Gold price retraces as mixed labor data report lose appeal ahead of inflation data
Gold price (XAU/USD) falls back after a short-lived pullback move as investors seem cautious ahead of the United States Consumer Price Index (CPI) data, which will be released on Thursday. The precious metal struggles to deliver a decisive move as the impact of a slowdown in firm hiring is offset by sticky wage growth and a lower Unemployment […]
07
Aug
Aug
XAG/USD remains depressed around mid-$23.00s, holds above 61.8% Fibo.
Silver struggles to capitalize on Friday’s goodish rebound from the $23.20 area, or its lowest level since July 12 and attracts fresh sellers on the first day of a new week. The white metal maintains its offered tone through the early European session and is currently trading near the lower end of the daily range, […]