Commodities
Read the latest Gold and Crude oil news by our experienced commodity traders and market strategists. We cover key markets such as Gold prices, Brent Crude Oil, West Texas Intermediate Crude oil, but also Copper, Palladium, and Platinum prices amongst others. We aim to provide relevant commodity market news, insights on price drivers, and the key technical levels that traders are watching to make better-informed trades.
Crude oil price managed to break out of a consolidation area as OPEC+ meeting agreed to increase supply by 500k barrels/day starting with January 2021. The news sent the Brent oil price close to $50 while generating a bullish breakout on the WTI crude oil price too. Moving forward, the […]
Copper price has soared by more than 22% this year and by almost 80% from its year-to-date low of 1.9730. This makes 2020 the best year for the metal since 2017. And the trend is not about to stop, according to analysts at Goldman Sachs. According to CNBC analysts at...
Gold price managed to recover the lost ground on an extremely weak USD. The bearish USD trend seen across the FX dashboard reached gold, too, as it bounced $100 from $1,760. However, on its way up, it meets tough resistance at the horizontal base of the triangle it just broke […]
Oil prices are up sharply today as traders react to yesterday’s decision by OPEC and its allies. Brent, the global benchmark, is up by more than 2% and is trading at $49.72, slightly below the psychological-important level of $50. West Texas Intermediate (WTI) is also up by almost 2% and […]
Silver price has been relatively boring in the past few months. Since September, the white metal has made no dramatic moves and has not participated in the strong rally on equities. Instead, it has ranged between $21.7 and $26. However, analysts who spoke to Barron’s believe that the metal will...
Gold price (XAUUSD) has gained more than $50 due to broad-based selling on the US Dollar, allowing it to push up from near-4 month lows in the process. The extension of yesterday’s recovery move followed the completion of the breakout move from the bullish flag pattern on the hourly chart. […]
