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 Price: Here’s What to Expect in the New Week

Gold price is rebounding amid a decline in US bond yields. In the past week, the benchmark 10-year Treasury yields dropped from 1.59 on Thursday to end the week at 1.44. Earlier on Monday, it extended its pervious losses by hitting an intraday low of 1.35. While it has since […]

Gold prices

Here’s Why It’s Not Over Yet for Gold Price

Gold price is on a rebound after declining to its lowest level since the beginning of May. The plunge has been a knee-jerk reaction to the Fed’s hawkish surprise. The US central bank hinted at two probable rate hikes by the end of 2023. As a result, the dollar index […]

CRUDE OIL PRICE

Crude Oil Price: Where to Next?

Crude oil price is on a decline amid a strengthening US dollar. At the time of writing, Brent futures were down by 0.6% at $72.56. Similarly, WTI futures have dropped by 0.23% at $70.88. With the dollar index trading around its 2-month high at $91.94, it has become more expensive […]

BHP share price crashes 3.25% following copper’s collapse

The BHP share price slumped yesterday as the Australian mining giant reacted to China’s latest attempt to cool hot commodity prices. BHP Group PLC (London listing) closed at 2,059.5p, down 69.5p (-3.26%). BHP Billiton is one of the world’s largest natural resource companies. Its vast mining assets cover industrial metals, […]

Silver price

Silver Price Collapses Under USD Strength As FOMC Turns Hawkish

Following the hammer blow that the FOMC delivered to USD sellers yesterday, silver prices plummeted yet again, losing nearly 2.62% after Wednesday’s 2.64% drop. This move sent silver prices to 6-week lows post-FOMC, after the bank projected that the recovery conditions that would enable lift-off and tapering would come earlier […]

Crude Oil Price Hits New 2021 High On Rising Demand

Crude oil prices rose for a fifth straight day on Wednesday, hitting $75 a barrel to attain its highest levels in 2 years. The increase in crude oil prices is due to a recovery-driven demand, as well as a sharp drop in U.S. crude oil inventories. The Energy Information Administration […]