Commodities News
- Colin First
Gold & Silver are trading positive as investors focus on Sino-U.S trade talks while hoarding short volume of precious metals as they hit new lows early last week.
- Colin First
Precious metals are trading range bound as investors await for fresh cues that could indicate future momentum before placing new bets.
- Colin First
Precious metals rebound from new lows as USD weakened over news of Sino-U.S trade-related talks and as worries over Turkey’s economic turmoil ease.
- Colin First
Gold’s price hits new 2018 lows as the US dollar continues to strengthen. Investors shift their funds to the American currency after the political turmoil in Turkey and other emerging markets.
- James Hyerczyk
Moving forward, we continue to expect to see a volatile two-sided trade because stories of lower demand will be offset by concerns over reduced output by the Saudis, or even Russia. We believe that both major producers are trying to hold international benchmark Brent crude oil at about $70.00 per
- Colin First
Precious metals gain ground as Turkish Lira stabilized after the central bank pledged to provide liquidity. Gold price rise after hit an 18-month low.
- Colin First
Precious metals continue to lose ground as investors flock to safe haven currencies and USD amid Turkish Crisis
- Colin First
Gold prices dipped in Asia on Friday, languishing near a one- year low, weighed down by a rally in the U.S. dollar amid heightened global political tensions. The strong dollar is affecting the price of gold. Despite heightened geopolitical tensions, gold bears are still in control of the price and
- Colin First
Precious metals fall as US dollar gained strength despite slight decline against Japanese Yen. Crude Oil rebounded from steep fall as the impact from latest escalation in Chinese trade war failed to affect the oil rally.
- James Hyerczyk
Wednesday’s knee-jerk reaction to the announcement of the tariffs was a typical move by traders. Anytime, a major players hears potentially bad news about demand, they sell first and ask questions later. The news is not a trend changing event and should help keep a lid on prices. However, lingering
- Colin First
Precious metals take advantage of USD’s weakness amid Sino-US trade wars but upside is limited as investors remain vary of China’s response to latest update from US on tariff for another $16 billion in Chinese goods.
- James Hyerczyk
We are experiencing the impact of lower production this week in the markets. Oil is being supported this week after Saudi crude production unexpectedly fell in July and U.S. drilling appeared to slow. Bullish traders like the uncertainty because this makes the short-sellers nervous enough to pay anything to get
- Colin First
Gold prices edged up on a steady U.S. dollar early Tuesday, but expectations for further interest rate hikes in the United States supported the greenback and limited interest in the metal.
- Colin First
Gold prices held onto the last session’s gains early on Monday, extending a rally from a 17-month low, as the U.S. dollar traded steady in early hours of Asian market session.
- Colin First
Gold & Silver on steady decline across the week as spot gold hits new 2018 lows on back to back trading sessions.
- Colin First
Gold continued to decline post FOMC update released on Wednesday as USD gained momentum against major currency pairs in the global market but saw gains in early Asian market hours owing to increasing Sino-US trade war woes.
- Colin First
Gold prices came under pressure on Wednesday as news that the Trump administration has plans to propose higher tariffs on Chinese goods stoked demand for the U.S. dollar.
- Colin First
Gold prices traded sideways in a narrow range on Tuesday, with investors in a wait-and-see mode ahead of the outcome of central bank monetary policy meetings in England, Japan, and USA scheduled for the week.
- Colin First
The gold prices have come under pressure once again over the last few hours
- Colin First
Gold prices have managed to survive the impact from the dollar strength and it continues to trade within a range