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.

Silver Price Forecast: US Inflation Data in Focus

Silver price is on a decline ahead of the US inflation data. Economists expect consumer prices to have risen by 4.7% in May on a year-on-year basis. This is in comparison to the prior month’s 4.2%. Notably, the US CPI numbers have come in higher-than-expected since March as inflation concerns […]

crude oil price

Crude Oil Price Extends Gains as API Data Heightens Optimism

Crude oil price has extended its prior gains as a reaction to API’s US oil inventory data. Late on Tuesday, the institute indicated that weekly stockpiles had declined by 2.108 million barrels. Notably, the figure is lower than the prior week’s decline of 5.360 million barrels and the forecasted draw […]

Gold Price

Gold Price Remains Weak Despite the NFP Bounce

The price of gold bounced from the $1,860 area last Friday on a worse than expected NFP report in the United States. Despite the general weakness in the dollar, the move higher did not break the series of lower highs, and now the market meets horizontal resistance. Commodities remain well […]

Gold prices

Gold Price (XAU/USD) Bounces After Lackluster NFP Report

Gold price (XAU/USD) has spiked 0.92% on the day after the lacklustre Non-farm Payrolls report that showed a modest rise in employment change and a lower unemployment rate. The NFP Employment Change came in at 559K, which was less than the consensus figure of 645K. Also, the unemployment date dropped […]