Articles by: Veselin Valchev

Gold trading outlook: futures steady ahead of US data

Gold futures were little changed during early trade in Europe today, as investors eye upcoming US data, potentially further pressuring dollar-denominated commodities. Gold futures for December delivery on the Comex in New York traded at $1 222.7 per troy ounce by 9:29 GMT, up 0.06%. Prices ranged from $1 220.8 to $1 226.4 per troy […] Read more

Crude oil trading outlook: WTI futures add ahead of EIA data, Brent steady

WTI futures climbed during early trade in Europe today, while Brent was steady, though both contracts were still uncomfortably close to multi-month lows, as investors eye US oil inventories data. WTI futures for November delivery on the New York Mercantile Exchange traded at $91.79 per barrel at 7:30 GMT today, up 0.25% for the day. […] Read more

Commodities trading outlook: crude oil and natural gas futures add

WTI and Brent futures were in bull territory during midday trade in Europe today, supported by positive China factory data, as investors await key readings on US oil stocks. Meanwhile, natural gas futures held on to earlier gains, despite bearish outlooks for the following days and weeks. WTI futures for November delivery on the New […] Read more

Commodities trading outlook: gold, silver and copper futures edge higher

Gold and silver futures climbed during midday trade in Europe today, bouncing off multi-month lows. Meanwhile, copper futures added on the back of better-than-expected China factory data. Gold futures for December delivery on the Comex in New York traded at $1 232.5 per troy ounce by 12:24 GMT, up 1.20%. Prices ranged from $1 214.7 […] Read more

Natural gas trading outlook: futures climb as cold October eyed

Natural gas futures were to the upside during early trade in Europe today, extending Mondays gains. Weather patterns call for very comfortable conditions over key natgas-demand regions in the US this week, dampening bullish outlooks, though longer-term projections already glimpse early winter cold. Front-month natural gas futures for settlement in October on the New York […] Read more

Grains trading outlook: corn, wheat futures extend slump, soybeans hold

Corn and wheat futures were further in the red during early trade in Europe today, while soybeans managed to halt the slide, though not before logging massive losses, as traders priced in the latest figures on US crops. Weather patterns call for few rains and mild temperatures in the Midwest and Northern Plains this week, […] Read more

Gold trading outlook: futures steady ahead of key US data

Gold futures were little changed during early trade in Europe today, as investors look to upcoming US economic data to reinforce bullish sentiment for the dollar, pressuring commodities, and especially gold. Gold futures for December delivery on the Comex in New York traded at $1 217.6 per troy ounce by 7:52 GMT, down 0.02%. Prices […] Read more

Crude oil trading outlook: WTI and Brent futures climb on China PMI

WTI and Brent futures edged higher during early trade in Europe today, as investors priced in a brighter demand outlook in second-top oil consumer China. Upcoming US inventories data is also on the radar, after increased Libyan output depressed prices on Monday. WTI futures for November delivery on the New York Mercantile Exchange traded at […] Read more

Gold trading outlook: futures extend slide, key data ahead

Gold futures opened this week down in the red, extending the bearish trend from last week and setting a new nine-month low, as soaring dollar and US stocks drained precious metals of their appeal. Investors now look to key US and EU data to reinforce dollar bulls, pressuring havens further. Gold futures for December delivery […] Read more