Commodity Market: Gold trades near one-week lows as US Dollar hits a 19-week peak

March 26, 2021 9:31 am
Spot Gold traded little changed in proximity to Thursday’s one-week low on Friday and was poised to register its first weekly loss in three weeks, as recent upbeat US macro data and accelerating vaccine roll-outs pushed the US Dollar to highs not seen since mid-November. An official government data showed yesterday that the number of […] Read more

Commodity Market: US Crude Oil extends gains on economic outlook optimism as US gasoline stocks fall for a second week

March 11, 2021 10:01 am
Futures on US West Texas Intermediate Crude Oil extended gains on Thursday, after US gasoline inventories dropped for a second straight week, while successful vaccine roll-outs added to economic outlook optimism. On the other hand, US crude oil inventories rose for a third straight week following the mid-February deep freeze in Texas. An official report […] Read more