Commodities

Gold Prices Rise Swiftly on Mixed PMI, CDC Confirms Second US Coronavirus Patient

Gold prices, XAUUSD, jumped by 6 dollars 30-minutes following the release of the lastest US Markit Manufacturing PMI, and Services…

Jan 24, 2020, 15:34 GMT

XAGUSD: Silver Price Action Muted As Coronavirus Fears Dissipate

Market action is calmer on the XAGUSD, as silver prices remain stable in Friday trading following the WHO statement which…

Jan 24, 2020, 12:55 GMT

Why is the Coronavirus from China Pushing Copper Price Lower?

Copper price is set for its fourth-straight day of decline as fears about the coronavirus from China continued to weigh…

Jan 24, 2020, 10:05 GMT

WTI Crude Oil Price Falls Despite Inventories Drop But Here’s Why It Could Trade Higher

Despite a drop in inventories, WTI crude oil continued to fall in yesterday’s trading. WTI crude oil CFD finished yesterday’s…

Jan 24, 2020, 06:00 GMT

Head and Shoulders Invalidated on XAUUSD as Gold Price Rises on Coronavirus Fears

With the coronavirus now spreading to over 17 countries, investors have switched to risk-off mode. Gold price skyrocketed in response…

Jan 24, 2020, 05:00 GMT

Drop in Crude Oil Inventories Engenders Mild Crude Oil Price Recovery

Upbeat numbers from the Crude Oil Inventories report have allowed crude oil price on the Brent variety to recover some…

Jan 23, 2020, 16:21 GMT

Copper Price Slides on China Coronavirus and Uptick in London Metal Exchange Inventories

Copper price is trading at its 6-week lows as investors react to the rising death toll brought about by the…

Jan 23, 2020, 10:18 GMT

WTI Crude Oil Price Plunged 3.74%; EIA Crude Oil Inventories Due Today

Since tensions in the Middle East eased, crude oil price has been under heavy selling pressure. WTI crude oil plunged…

Jan 23, 2020, 06:00 GMT

Gold Price Down as China Bans People From Leaving Wuhan to Contain Coronavirus

Wuhan China on Lockdown Gold price traded higher yesterday as concerns of the coronavirus continued to weigh down on market…

Jan 23, 2020, 05:00 GMT

XAGUSD: Silver Price Bulls Capped at $18.12

Silver price (XAGUSD) trades 0.12% higher at $17.78 after yesterday’s sharp correction. The silver price gave up early gains after…

Jan 22, 2020, 10:20 GMT