Commodities News

Precious metals are trading positive on the day but most of them are posting losses on the week. Gold is up, but the move looks short-lived.

Earlier in the session, the EIA reported that domestic supplies of natural gas rose by 85 billion cubic feet for the week-ended May 3. Platts also said that the organization’s largest producer, Saudi Arabia, kept its production rate stable in April, at an average 9.82 million bpd. The Platts survey

Gold is trading on consolidation mode after rejecting 1,290 resistance. Palladium down to lows since January. Risk aversion takes the market

Gold extends gains for the fourth day in a row while other metals are falling. Risk aversion took the market.

Precious metals are trading lower on Tuesday as investors didn’t follow through Monday gains. Commodities are on wait and see mode.

Gold is trading up after Trump’s tweet hit risk sentiment. Investors are betting on safer assets on Monday.

Gold, silver, and copper reacted positively after the NFP and employment report in the United States. Watch out for profit-taking moves.

Gold, silver, and other metals are trading down on Thursday following Fed’s monetary policy stance that supports dollar against other currencies.

Precious metals are trading down ahead of the Federal Reserve decision. Gold could be affected by the Fed positioning before a possible hike or cut in interest rates.

Gold and silver advanced against the US Dollar amid political and economic concerns. However, the metals are losing steam.

Precious metals such as gold, silver and commodities such as copper are trading down amid risk appetite across the market.

Gold is trading higher after US upbeat GDP. Dollar index is falling while Silver and Copper are adding gains ahead of the weekend.

Gold and silver are trading on the defensive as the dollar is advancing with strength. Copper is defending ground but it looks complicated for precious metals.

Gold is trading at 2019 lows while platinum stoped its bounce and was rejected at 915.00.

Gold bounces on Monday amid technical buying while platinum is ready to test highs again. Silver remains in range.

The Secretary of State will announce “that, as of May 2, the State Department will no longer grant sanctions waivers to any country that is currently importing Iranian crude or condensate”, the Post’s columnist Josh Rogin said, citing two State Department officials that he did not name.

In addition to the strengthening U.S. Dollar, gold was also pushed to near its lowest level since the end of December last week as economic data from China improved enough to relax concerns over a global economic slowdown. U.S. West Texas Intermediate crude oil and international-benchmark Brent crude oil futures

Gold closed the week with losses despite the small bounce on Friday. Watch out EU-US trade conflict on the Monday open.

Gold is trading positive but limited. Platinum is providing an interesting technical move while copper is down after reaching 10-month highs

Gold is trading at 2019 lows as investors welcomed China GDP. Silver remains in range while Copper is testing a significant resistance ahead of 3.000.