Commodities

Lower Interest Rates Boost Gold Price Higher

The gold price after a weak start in the Asian trading session managed to return to positive territory today as…

Mar 04, 2020, 11:42 GMT

Silver Price (XAGUSD) Eyes More Upside Following the Fed’s Surprise Rate Cut

Silver price traded higher in yesterday’s trading following the Fed’s surprise 50 basis-point rate cut. Today, the technical setup of…

Mar 04, 2020, 05:27 GMT

Silver Price Recovery Boosted After FOMC Cuts US Federal Funds Rates

The XAGUSD is up this afternoon after the surprise announcement by the Fed on a 50bps interest rate cut hit…

Mar 03, 2020, 15:43 GMT

Gold Price Higher On Interest Rate Cut Hopes

The gold price break above the $1600 mark as the precious metal attempt to recover some of Friday’s heavy losses.…

Mar 03, 2020, 13:07 GMT

Gold Price Steady Ahead of G7 Announcement of How to Offset Coronavirus Effects

Gold price saw very little action in yesterday’s trading as market participants get a feel for developments surrounding the coronavirus.…

Mar 03, 2020, 09:46 GMT

WTI Crude Oil Price Posts Largest Daily Gain for 2020 on OPEC Hopes

WTI crude oil price scored its largest daily gain for 2020 yesterday on optimism that OPEC would announce production cuts…

Mar 03, 2020, 06:07 GMT

Silver Price Stalled at 200-Day Moving Average

Silver price (XAGUSD) rebound strongly in Asan trading session after the Friday’s sharp sell-off that drove the price down to…

Mar 02, 2020, 15:06 GMT

Crude Oil Price Rebound from Two-Year Lows

Crude oil price rebounds today after a weak of heavy losses that brought the price over 16% lower the previous…

Mar 02, 2020, 07:51 GMT

Gold Price Drops Sharply to Support at $1,600.00. Will It Hold?

Gold Price to Bounce Off Trend Line Support? On Friday, gold price dropped sharply from its opening price of $1,643.83…

Mar 02, 2020, 04:45 GMT

China Manufacturing PMI Drops to Record Low As Coronavirus Takes Toll

China Manufacturing PMI Drops to Record Low As Coronavirus Takes Toll The coronavirus outbreak appears to have taken a massive…

Mar 01, 2020, 01:47 GMT