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.
Brent crude oil price looks set to end the week with gains of at least 6% as GDP recovery in China and positive data from the US boost economic recovery sentiment. Also helping push crude oil prices this week are the upward revisions of global demand forecasts from the International […]
Gold price surged to 7-week highs as the greenback continues to struggle under the weight of dovish comments from the Fed’s board members. Despite a slight rebound in the US bond yields, the greenback found no joy amid the continued risk-on sentiment that has pervaded the markets for most of […]
Copper price appears set for its biggest weekly gain since February 2021 after rounds of positive data from the US and China pumped up expectations of a quick recovery of the global economy. This Friday, China recorded its largest GDP growth on record, as it clocked an 18.3% GDP growth, […]
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 […]
Gold price (XAU/USD) surged 1.78% on the day after bond yields turned south following mixed US data. The yellow metal extended its rally with a strong upside move that took it beyond the $1760 price level. This move followed broad-based weakness on the US Dollar after several data sets failed […]
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 […]
The Gold price is tilting higher ahead of the important US retail sales numbers. XAU is trading at $1,746, which is 4% above the lowest level in March this year. Still, gold has lagged behind other assets this year. While it has dropped by more than 10%, the S&P 500 […]
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 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 […]
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 […]