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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 started the session lower on Wednesday after oil stockpiles data came in above the expectations. The Energy Information Administration’s (EIA) said yesterday that U.S. crude oil
Crude oil price on the Brent benchmark is shaking off earlier losses in the day and has returned to the green with a 0.6% increase to $43.34, despite less than optimistic price forecasts for 2021 were posted by oil giant ENI. ENI scaled back on its long-term price forecasts on […]
Copper price declined by more than 0.86% today as traders continued to worry about the rising number of coronavirus cases. The metal is trading at $2.7477, which is slightly below the day’s high of $2.7766. Other metals have declined too, with gold, silver, and palladium down by 0.52%, 1.26%, and 0.90% respectively.
Gold price is sitting pretty near the seven-year high as traders continue to remain optimistic about its prospects. Silver, its “poorer cousin”, is trading closer to its YTD high, which is incredible considering that its price was recently at a ten-year high. Therefore, is gold (XAUUSD) still a buy at […]
Silver price (XAGUSD) is soaring today as traders remain optimistic about recovery of the global economy. The price is trading at $18.33, which is inches below last week’s high of $18.46. Other metals have joined the global rally in stocks also. Gold price has jumped to almost $1,800 while copper […]
Brent crude oil price adds over one percent amid optimism of a fast recovery and a sharp rally in stocks in China and Asian markets on Monday. Despite the record of new infections during the weekend in the USA
