Commodities News
- Colin First
Precious metals decline as demand for safe haven went down once Brexit woes eased in broad market. Further USD also rebound in broad market adding bearish pressure of greenback denominated precious metals resulting in rangebound price action.
- David Becker
A stable dollar, lower production costs and a neutral Fed should keep gold prices buoyed
- Mauricio Carrillo
Uncertainty in the political sphere is leading commodity and safe-haven assets to 1-week highs across the market.
- Colin First
Increased safe-haven demand on Brexit woes pushes the gold price back above $1300 handle hitting two weeks high earlier today. caution ahead of UK parliament meeting outcome is expected to keep precious metals trading in Green in immedaite and near future trading sessions.
- Bob Mason
Bitcoin sees early gains but will need to break through the first major resistance level to bring $4,000 levels into play…
- Colin First
Caution ahead of Brexit vote in UK parliament and weak USD continue to support positive price action of precious metals despite increased risk appetite in broad market.
- Mauricio Carrillo
Gold is trading positive on Tuesday as investors are taking advantage of a risk aversion environment due to the Brexit vote in the UK. Also, the European Commission agreed to changes to the United Kingdom Brexit deal. The British Pound rose on the decision, with the USD getting pressure to
- Colin First
Gold and Silver decline on increased risk appetite but weak USD helped limit loss
- Mauricio Carrillo
Gold and silver wait for US Retail Sales data as a new catalyst. The long-term pattern suggests more gains for precious metals.
- Colin First
Precious metals rebound as dovish cues from central bank hurts investor sentiment.
- Mauricio Carrillo
Gold is trading higher amid risk aversion environment. However, the move is contained as commodities are not strong enough.
- Mauricio Carrillo
Next couple of days will be crucial for Gold and Silver, especially after the ECB stance and Draghi press release.
- Colin First
Precious metals rebound on risk-averse investor sentiment and caution ahead of ECB monetary policy meeting update.
- James Hyerczyk
U.S. WTI and international-benchmark Brent crude oil futures posted a choppy performance on Wednesday, first dropping sharply then clawing back most of those losses into the close. Gold futures steadied into the close on Wednesday after hovering near a five-week low touched the previous session. Natural gas futures were pressured
- Mauricio Carrillo
Precious metals including Silver, Gold, and Copper are waiting for a catalyst like the NonFarm payrolls data and the ECB rate decision.
- Colin First
Dovish equities helped precious metals recover from multiweek lows but strong USD capped gains.
- Mauricio Carrillo
Gold and silver can be somehow bearish in the short term, but big names like Goldman Sachs and TDS expect bullish moves in the long run.
- Colin First
Declining equities lead to precious metals consolidating near previous session lows.
- Mauricio Carrillo
Gold and Silver are trading down amid risk appetite on the back of hopes for US-China trade deal. Watch what’s going on with previous metals.
- Colin First
Sino-U.S. trade optimism boosts risk appetite and helped crude oil price move higher over expectations for increased demand from China while increased risk appetite put a dent on price action in precious metals market.
