Commodities News

Precious metals range bound as investors cautious ahead of Sino-U.S. trade talks in sidelines of G20 summit for which President Trump has provided mixed signals in his comments.

The American dollar, gold’s biggest nemesis is now the defensive, courtesy of Powell’s dovish comments.

Gold surged on Wednesday as the dollar plunged in reaction to Fed Chair Powell’s dovish comments. Traders reacted as if Powell was signaling there would be fewer rate hikes in 2019, which would theoretically boost the value of gold because it is seen as a hedge against inflation.

Gold’s price fell to 12-day lows in the overnight trade on hawkish comments from Fed Vice Chair Clarida and has since taken to range bound price action.

Although cheaper crude oil may spur economic growth, its abrupt collapse has caused a chain reaction dragging down other risky assets, such as the shares of the energy sector and major stock indices. Such a situation was also evident back in 2014.

USD gains as Trump says he expects to move ahead on China tariffs while precious metals see subdued price action as investors maintain caution ahead of Fed speech scheduled today and tomorrow.

The dollar rose versus its major peers on Monday, as investors sought shelter in safe-haven currencies but demand for safe haven instruments also helped gold retain its foothold against US Greenback.

Precious metals edge down despite subdued demand for USD as risk appetite remains high amid holiday think market.

Precious metals are holding up well amid subdued demand for USD as investors remains cautious owing to geo-political issues.

According to the U.S. Energy Information Administration, domestic supplies of natural gas fell by 134 billion cubic feet for the week-ended November 16, signaling the first weekly drawdown of the winter heating season.

precious metals edged down on bullish price action in key Asian equity markets but remain in green as risk off sentiment is still prevalent in global markets.

A triple-digit withdrawal will be major news since it’s still only November and the winter heating season is just getting started. Furthermore, it will significantly widen the year-on-year and five-year storage deficits. This could pose problems later in the winter season if the cold blasts continue.

Gold range bound near weekly highs as USD remains weak in broad market amid escalating Sino-US trade tensions and brexit woes.

Precious metals trade near flat as risk appetite remains high regardless of cautious investor stance.

Precious metals trade soft but positive as risk appetite remains high albeit relatively cautious investor sentiment while Crude oil price surges following news of OPEC supply cut.

Gold and Silver trades positive as US Dollar slips further from 16-month peak

As Gold hits $1200 handle, retail traders decided to stock up small volumes in order to make profit from recurring price cycles.

Gold prices fell to their lowest in one month as the dollar strengthened amid expectations that the U.S. Federal Reserve is on track to tighten borrowing costs.

As dollar grows strong post us mid term election results and FOMC update, precious metals see sharp bearish decline.

Increased risk appetite among global investors and positive performance in global equity market put a dent on precious metals price action.