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.

Crude oil

Crude Oil Price Retreat As Coronavirus Impact Bites

Crude oil price trades lower today as the rebound from the recent lows at $53.08 pause. Black gold managed to rebound the previous week as coronavirus fears ease. But the headlines are not favourable for crude as Japan reported yesterday an economic contraction for the fourth quarter of 2019, while [...]
WTI Crude Oil price

Crude Oil Price Capped Around $52 As Coronavirus Fears Linger

Further upside in crude oil price appears increasingly uncertain as coronavirus fears continue to linger despite data from China’s National Health Commission showing a drop in the number of new infections.  The recovery of crude oil price beyond $52 appears uncertain in Monday trading. Bulls continue to seem wary of [...]
Gold prices

Gold Price Trades Higher on Disappointing US CPI

Gold price was already off to a bullish start in yesterday’s trading amid coronavirus concerns but traded even higher on disappointing US CPI. XAUUSD was consolidating around $1,575.00 ahead of the report then rallied to $1,578.05 following the release. By the end of the New York session, it had settled [...]
Gold prices

Gold Price Trades Higher as China Reports Biggest Single-Day Increase in Coronavirus Cases

Just when investors thought the coronavirus outbreak was slowing down, China reported 14,480 new cases. Consequently, risk aversion dominated market sentiment and highlighted gold’s safe haven reputation. Gold price is currently trading $7.5 from its opening price at $1,573.13. According to government reports, this record-number in new cases is for [...]