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.

Bitcoin BTC BTCGBP

Bitcoin Prices (BTC/USD) Slump As CBRT Bans Bitcoin

Bitcoin prices (BTC/USD) fell 3.4% on Friday after the Central Bank of the Republic of Turkey (CBRT) prohibit the use of Bitcoin and other cryptocurrencies within its banking system.  The CBRT said in an official publication that cryptocurrencies and other such digital assets could not be used as a means […]

Silver price

Silver Price Forecast: Here’s Why $26 Remains Evasive

Silver price has managed to move past the resistance level of $25.50. The precious metal has found support in the declining US bond yields and the greenback. On Thursday, the benchmark 10-year US treasury yield was down by 1.5% at 1.61. It is struggling to rebound after its fall from […]

CRUDE OIL PRICE

Crude Oil Price Buoyed by US Inventories Numbers

Crude oil price is trading higher as the market reacts to the lower-than-expected US inventories data from API. On Tuesday, the institute indicated that the weekly oil stockpiles had fallen by 3.608 million barrels compared to the forecasted decline of 2.154 million barrels. Investors are now keen on whether EIA […]

Gold Price

Here are the Key Levels to Watch Out for Gold Price

Gold price is taking a breather after its spike on Tuesday. The decline in US treasury yields and the subsequent weakening of the greenback have offered support to the precious metal. Since the beginning of April, the US dollar has fallen by about 1.71%. On Wednesday, the dollar index, which […]

gold price

Gold Price Remains Bearish Despite Bouncing from Support

The price of gold bounced recently from below $1,700, bringing hope to bullish traders. For many, the correction from the highs looks like a bullish flag, and every lower low that the market makes is viewed as an opportunity to add gold to the portfolio. However, the gold price remains […]