While gold price is currently unchanged from its opening price, technicals suggest that XAUUSD could soon rally to its 2011 highs.
Crude oil price's upside remains capped by rising coronavirus cases. Sign up to see how the coronavirus pandemic continues to impact crude oil price action.
Gold investors continue to be optimistic as the number of new infections continues to rise in the USA. The recent shift to risky assets after the better than expected economic data from the USA
BP share price has declined by more than 44% in the past year. It has performed better than Royal Dutch Shell, whose share price has dropped by more than 52%. But it has also underperformed the FTSE 100, which has declined by about 20%. The same trend goes way back. For example, the two energy groups have dropped by more than 30% in the past five years. BP stock price is now trading at 309p, which is above the YTD low of 222p. That is a 40% gain.
Crude oil price declined slightly as worries of more coronavirus cases outweighed the resurgence of the global economy. At 06:00...
Silver price initially weakened after the NFP report for June topped expectations. However, the commodity quickly bounced back from its losses and rallied.
Gold price on the XAUUSD chart sank to intraday lows of $1760 after today’s upbeat Non-Farm Payrolls (NFP) data. The...
Copper price is sitting pretty at the highest point since January 23. The price is now trading at $2.7385, which is significantly higher than the YTD low of 1.9686. Also, the price has just had the best quarter in decades. Here are the four main reasons why the price of copper has more room to run.
Crude oil price is up today even as Saudi Arabia issues a dire warning with OPEC members, Nigeria and Angola. Brent, the international benchmark is up 0.70% to $42 while the West Texas Intermediate (WTI) is up by 0.65% to $40.0.
Yesterday, gold price rally to its highest we have seen XAUUSD trade at since 2012. However, the precious metal quickly gave up its gains.
Gold price action on the XAUUSD daily chart is extending its intraday decline towards the 1762 support after upbeat US...
Crude oil inventories fall steeply, but crude oil continues to struggle. Sign up to find out why this is so.