Commodities News

The weakening of the U.S. dollar after the soft data on earnings helps Crude Oil. However, from the perspective of the few months, there is a stronger risk that Oil will turn to decline.

Gold prices hit a near two-week high on Monday as investors covered their short positions and the dollar slipped to its weakest since mid-June, while lingering U.S.-Sino trade tensions also supported the bullion.

The gold prices continued to remain weak

With Bitcoin back in the Bitcoin rut, the current ranges could spell trouble for the Bitcoin bulls if there’s no recovery to $6,700 levels through the day, the path of least resistance continuing to be downwards.

Gold prices were little changed early on Thursday, after hitting a one-week high in the previous session, as the dollar eased and the markets awaited minutes from the U.S. Federal Reserve’s June policy meeting later in the day.

Gold prices have shot higher over the last 24 hours and it now trades comfortably above the 1250 region as of this writing. This is partly due to the fact that the dollar strength has given away a bit over this period and this opportunity has been made full use

Gold prices crept higher early on Tuesday, after falling about 1 percent to a six-and-a-half-month low in the previous session, as a softer dollar and mounting global trade tensions supported the safe-haven metal.

Gold prices edged lower on Monday as the dollar firmed after last week’s U.S. inflation data supported the Federal Reserve’s outlook for future interest rate increases.

The first week of the new quarter could actually prove to be a turning point for the entire year. Looking at the performances in the NASDAQ Composite, the Dow and the S&P 500, which settled the first half of the year up 8.88%, down 1.80% and up 1.70% respectively, it

Gold prices continue to remain under pressure

The gold prices continue to follow despite some risk off sentiment

The yellow metal has seen major dovish momentum in recent times with geopolitical issues failing to trigger uptrend movement on multiple occasions during last two months.

Gold prices edged lower on Monday, pressured by a strong U.S. dollar amid prospects of higher interest rates, while global trade tensions kept the metal buoyed above a six-month low hit last week.

The recovery has been slow and low though

The gold prices continue dropping down further

U.S. West Texas Intermediate and international-benchmark Brent crude oil futures closed lower on Tuesday as investors continued to express concerns over a possible increase in OPEC crude supply. Also pressuring prices were the escalating trade dispute between the United States and China.

The focus this week was expected to be entirely on the OPEC meeting on June 22-23 and how much, and when the production hikes would begin, however, it now appears that bearish investors could be in for a rocky ride with issues being raised over Chinese tariffs on U.S.

The gold prices are back to the range lows

OPEC and non- OPEC members are meeting in Vienna on Thursday for the start of a 3-day summit where production cuts are on the agenda.

Bitcoin starts the week in the red, alongside the broader market, with an early afternoon move needed to avoid another week of decline. The Bitcoin bulls may be getting ready to make a move, but the news wires will need to behave.