Commodities News

Dollar weakens versus all major peers over US election woes resulting precious metals gaining upper hand.

Gold gains hawkish momentum as investors turn cautious over proceedings on Sino-US Trade wars & updates on US mid term elections such as opinion polls

Precious metals trade range bound near over night highs as dollar inches up post its decline on hitting 16-month highs and a recovery of risk appetite for riskier assets among global investors.

Precious Metals Gained in Spot Market Over Subdued Demand For US Greenback As Bargain Hunters Make Best of Opportunity to Stock up on Precious Metals When Price is Low.

Yellow metal loses luster as risk appetite increases in major equity markets across the globe.

Spot Gold moves down on news that the U.S. plans more China tariffs if Trump-Xi meeting fails. Market sentiment is still very cautious.

Gold prices edged lower on Monday as the dollar firmed, but the metal moved in a narrow range as worries over U.S. corporate earnings and a slowdown in global economic growth weighed on Asian shares.

Gold prices edged higher on Asian trading hours today as disappointing U.S. earnings hit Asian and European equities.

Gold prices rose on Thursday towards a more than three-month high hit earlier this week, as a selloff in global equities triggered safe-haven bids for the metal amid rising political and economic uncertainties.

Gold prices nudged higher on Wednesday after hitting their highest in over three months in the previous session as global political and economic uncertainties bolstered safe-haven demand for the metal.

Geopolitical tensions are escalatinggeopoliticaland that has brought safe-haven buying resulting positive price action in both gold and silver despite broad-based firm USD in global markets.

Precious metals erase early gains and have taken a decline in price action although geopolitics concerns and Italy weigh on global stability.

At the beginning of October, two major oil benchmarks reached highs of November 2014. Some traders believe that it’s a strong signal of the further rally and we should eye the price of $100 per barrel. However, there are big doubts that this level is reachable.

Crude oil prices dropped sharply on Wednesday following the release of a bearish government report. According to the U.S. Energy Information Administration, U.S. commercial crude stockpiles rose by 6.5 million barrels during the week-ending October 12. Traders were looking for a build of about 2.2 million barrels.

Gold prices edged lower on Wednesday as equities and the dollar gained amid waning risk-averse sentiment and strong reports. US Futures point to a lower open ahead of the FOMC meeting.

Adding to the dollar’s weakness was the consolidation of Treasury yields. After yields surged to multi-year highs last week, the rise in yields has subsided, reducing demand for the dollar. Gold improved on Tuesday, but the market posted an inside move, which typically indicates investor indecision and impending volatility. Traders

Gold trades flat near yesterday’s high’s as profit booking activity dampens price action for dollar denominated yellow metal in broad market amid risk averse market scenario.

Precious metals trade in red owing to profit booking activity and hawkish performance in equity markets.

Precious metals on positive momentum owing to weak USD in broad market despite surge in investment on US Treasury bonds

Precious metals move down despite weaker USD in broad market owing to positive outlook for USD in near future market sessions.