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.

Gold: Bears in Control Below 1,500

Gold: Bears in Control Below 1,500

Gold price rebounds from daily lows around 1,486 up to 1,494 area keeping the positive longterm outlook. Gold pressures continue as US - China trade war tensions ease and the no deal Brexit scenario gets out of the way. Markets now having priced out a 50bps rate cut at the [...]

Upbeat US ISM Non-Manufacturing PMI Triggers Gold Selloff

The ISM's Non-Manufacturing PMI for August posted an upside surprise as it improved to 56.4 as against the figure of 54.0 that analysts had predicted. This report along with the better-than-expected ISM Manufacturing data released some days ago, are proof that economic activity in both the manufacturing and service sectors [...]
Gold Retreats From Daily High, Bulls in Control

Gold Retreats From Daily High, Bulls in Control

Gold price retreats from daily highs around 1,550.28 down to 1,540 area keeping the positive momentum intact. Gold is getting a hand from the escalation in US-China trade war tensions. Global growth concerns can explain why investors still prefer the safety of yellow metal. The low for the day is […]

Crude Oil Prices Remain Locked in Downtrend

Brent crude oil prices remain under pressure as ongoing trade wars cause investors to position themselves for lower prices. The price trend has effectively been downwards since April 25 when crude oil prices reached a high of 75.49 dollars per barrel. OPEC (Organization of the Petroleum Exporting Countries), which has [...]
Crude Oil Flirting with Two Week Highs

Crude Oil Flirting with Two Week Highs

Crude Oil prices are trading 1.05% higher for the day after United States EIA Crude Oil Stocks Change came in at -2.732M below expectations of -1.889M in August 16. Crude Oil price rallied since the low from August 7th price at $50.74 up to $56 as the global growth concerns [...]

Oil Prices Bounce Briefly as Iran Says No Talks With US

The latest updates from the news wires have picked up comments from the Iranian Foreign Minister Mohammad Javad Zarif, saying that the Iranian government is not interested in holding any talks with the United States apart from talks to reinstate the nuclear deal. According to Zarif, "Any mediation should focus [...]