Commodities News
- Colin First
Gold. Silver and crude oil suffer a decline on Monday morning as geopolitical decisions and tension across the globe affect commodities.
- James Hyerczyk
Gold prices inched lower on Friday, but still managed to close above the psychological $1300 level while holding on to its gains for the week.
- James Hyerczyk
Sellers have also wiped out the entire Iranian sanction premium which means there is more behind the selling pressure.
- James Hyerczyk
Helping to boost foreign demand for dollar-denominated copper was a weaker U.S. Dollar. The Greenback was pressured by profit-taking tied to dovish Fed minutes and the dumping of risky assets due to the cancellation of the widely anticipated summit between the United States and North Korea, scheduled for June 12.
- Colin First
The gold prices have managed to recover on the back of a weaker dollar
- Colin First
The market awaits the FOMC meeting minutes
- James Hyerczyk
Warmer weather should boost demand, which would curtail the pace of weekly injections, meaning the current supply deficit may not be filled in time for the start of the summer cooling season.
- Colin First
XAUUSD hits new multi-week low as US dollar gains strength. The precious metal hit as low as $1281.20 during Monday’s trading as the global market saw increased appetite for riskier assets.
- James Hyerczyk
Crude oil futures surged on Monday, hitting a 3.5 year high on geopolitical concerns over Iran and Venezuela that could lead to supply disruptions.
- Colin First
Gold prices have continued to be under pressure from the dollar
- James Hyerczyk
The Dollar/Yen is creeping higher early Friday, hitting a fresh four-month high with the price action driven by the widening spread between U.S. Treasury Bond yields and Japanese Government Bond yields.
- Colin First
Gold continues to move downtrend for the 3rd consecutive session as USD grows strong with support from Treasury yields. Crude Oil price hits 3½ year high.
- Colin First
Gold hits 2018 low as demand from stockists, Investors and Retailers go down amid bearish global cues.
- Colin First
US dollar gained strength today as investors are pricing in four rate hikes this year. Retail sales rose by 0.3%. Gold and silver sink.
- Colin First
The gold prices continue to remain buoyant as dollar stumbles
- Ed Anderson
Following on from the US withdrawal from the Iran Deal, UK PM May reaffirmed her commitment to ensuring the deal is upheld.
- James Hyerczyk
Gold closed slightly lower on Friday, but still managed to post its first weekly gain in four weeks. U.S. West Texas Intermediate and international-benchmark Brent crude oil futures settled lower on Friday, but remained within striking distance of 3 ½ year highs reached earlier in the week.
- Colin First
The gold prices have risen on increased risk
- James Hyerczyk
Gold was helped by the drop in the U.S. Dollar which made it a more attractive assets. Rising geopolitical tensions in the Middle East were also supportive.
- Colin First
The gold prices continued to chop below the $1320 region
