Commodities News

Commodities have been a hot topic this week, particularly crude oil and base metals. Traders are saying that threats of a trade war and continued signs of global growth may be combining to create opportunities investors haven’t seen in a number of years.

The gold prices are trying to gather momentum to bring about a breakout

It was a bullish day for commodities on Wednesday led by a surge in crude oil prices. Gold futures were only slightly higher, but other metals posted solid gains including silver which gained 2.61% and Platinum which jumped 0.95%.

The prices have been consolidating and ranging over the last couple of days

Gold finished lower on Tuesday, but did claw back most of its early loss on renewed concerns over a U.S.-China trade war.According to the American Petroleum Institute, U.S. crude inventories fell by 1 million barrels last week, to 428 million barrels.

The gold prices continued to trade within a range

The prices continued to consolidate within the range

Gold futures finished higher on Friday while posting its second consecutive higher weekly close. The catalyst behind the strength was uncertainty over Western military action in Syria.

The gold prices dropped lower as the risk sentiment picked up

The prices have been pushing higher on the increase of global risk

Gold prices have been moving higher as the global risks and tension increase ahead of US Consumer Price Indes and the Fed meeting minutes.

The prices have been driven higher by increased risks

Gold prices have been volatile but within range as trade war fears ease slightly.

Trading was volatile and mixed in the financial and commodities markets on Friday. Weighing on the commodities markets was news that China warned it would fight back “at any cost” with fresh trade measures if the Trump Administration continues on its path of protectionism.

The prices linger near the lows as they await data

After Trump’s latest announcement, the Japanese Yen rallied against the U.S. Dollar as investors sought shelter in the safe haven currency amid weakness in the global equity markets.

The prices have been choppy since the beginning of the week

Although China’s decision to impose tariffs on 106 U.S. products grabbed the headlines early Wednesday, the U.S. did release several economic reports. ADP and Moody’s Analytics reported that companies kept up the hiring pace in March, adding 241,000 positions as employment in construction and manufacturing surged.

The gold prices continued to move ahead as the threat of trade war looms

The prices have been buoyant due to increase in global risk