Commodities News

Gold prices were little changed on Wednesday as the dollar held steady ahead of a meeting between the U.S. and European Commission presidents to discuss trade-related issues.

Australia’s second quarter consumer price inflation (CPI) came in lower-than-expected. Quarterly Trimmed Mean CPI – of more importance to official interest rate settings from the RBA – rose by 0.5% for the quarter, matching expectations. The American Petroleum Institute (API) reported a crude draw of 3.16 million barrels of United

Precious metals are trading with a dovish sentiment as the Dollar gained strength in the latter half of Monday’s trading session. Spot Gold XAUUSD is currently trading at $1219.62.

I don’t think the oil market will move substantially higher until there is an actual supply disruption caused by warlike efforts from Iran. So try to avoid chasing the market higher based on the comments from Iran or the tweet from President Trump. It could be a bull trap.

On Monday morning, the American President continued his comments attack. This time it’s against the Iranian President, Hassan Rouhani. USD is trading under pressure after Trump’s comments last week.

Gold prices steady on Monday morning near their highest level since July 17 as the dollar eased to its lowest in nearly two weeks after U.S. President Donald Trump criticized the Federal Reserve’s interest rate tightening policy.

During the upcoming week, investors should watch to see if a few of the counter-trend rallies continue especially in the dollar-denominated markets like gold and crude oil.

Though the gold prices may be near the lows for over the last 1 year, there is a likelihood that it could rebound at any time

Bitcoin’s back in the red through the early morning, which could spell an end to the recent run of gains.

Gold extended falls to a one-year low on Thursday as the U.S. dollar firmed after Federal Reserve Chairman Jerome Powell asserted the need for further interest rate hikes amid a strong economy.

On Wednesday, gold prices held steady near a one-year low hit in the previous session, as the dollar firmed after Federal Reserve Chairman Jerome Powell’s U.S. economic outlook reinforced views that the central bank is on track to steadily hike interest rates.

On Monday, the dynamics of oil was in the spotlight on a combination of negative factors by both the potential demand and the supply part. Asian markets lose 0.5%-0.7% on Tuesday morning, global stocks mixed.

Gold prices were steady on Tuesday, as the U.S. dollar remained largely unchanged ahead of U.S. Federal Reserve Chairman Jerome Powell’s first congressional testimony.

U.S. retail sales posted a firm gain in June, helped by increases in purchases of motor vehicles and a range of other goods, solidifying expectations for robust economic growth in the second quarter. U.S. West Texas Intermediate crude oil futures plunged below $69, dropping a whopping 3 percent after Treasury

Gold prices nudged higher in early trade on Monday amid a softer U.S. dollar and slightly weaker Asian shares, after sliding to their lowest in seven months in the previous session.

The gold prices continued to fall and the downtrend has been relentless over the past few weeks giving away little chance for the bulls

Bitcoin has struggled through the early part of the day, lagging the majors as investors look to decipher what governments and regulators are likely to impose on the crypto market in the coming weeks, with the bearish trend very much intact.

After falling to the dumps near the $1240 region, we have seen a slight recovery in gold prices but there is no sign of any change in the trend as yet.

Gold prices dropped on Wednesday morning as the dollar firmed against the yuan after the United States threatened to impose additional tariffs on Chinese goods, escalating trade tensions between the world’s two largest economies.

Gold prices have been moving higher through the risks have only receded in the markets but the gold prices are not expected to go far as they have broken through their long-held range only recently.