Commodity Market: Gold off 1-week lows as US-China tensions underpin safe haven demand

May 22, 2020 9:36 am
Having touched a one-week low yesterday, Gold gained some ground on Friday, as escalating tensions between Beijing and Washington heightened the appeal of safe haven assets. US President Trump warned of a “very strong” US reaction to new Chinese national security legislation on Hong Kong, which is seen as an attempt to increase China’s control […] Read more

Commodity Market: Gold retreats as investors trim safe haven bets, downside seen limited

May 21, 2020 9:34 am
Gold retreated from yesterday’s highs on Thursday, as optimism over a timely economic recovery from the coronavirus crisis prompted market players to trim their safe haven bets. “There is still some optimism and risk-on sentiment about the possibility of a vaccine and talks of lockdown easing and growth slowly picking up,” National Australia Bank economist […] Read more

Commodity Market: Gold continues recovery as initial investor COVID-19 vaccine-related euphoria fades, Fed Minutes now eyed

May 20, 2020 9:31 am
Gold continued its recovery from recent lows on Wednesday, as market sentiment once again went into a risk-off mode. Tuesday’s investor optimism cooled off after medical website Stat News reported that early data on Moderna Inc’s experimental COVID-19 vaccine was not sufficient to determine if the vaccine itself was effective. Moderna announced earlier this week […] Read more

Commodity Market: Gold trades below recent 91-month highs as promising early COVID-19 vaccine results spur investor optimism

May 19, 2020 8:45 am
Having touched a 91-month high on Monday, Gold prices on Tuesday remained under some pressure, stemming from improved investor risk appetite following news of promising COVID-19 experimental vaccine results in Moderna Inc’s (MRNA) early-stage trial. However, the downside may be limited because of renewed trade frictions between Beijing and Washington and a wave of stimulus […] Read more

Commodity Market: Pivot Levels for Thursday (July 20th 2017)

July 20, 2017 6:28 am
Silver (SI) for September delivery (1 Troy Ounce) R1 – $16.317 R2 – $16.337 R3 (Range Resistance – Sell) – $16.358 R4 (Long Breakout) – $16.418 R5 (Breakout Target 1) – $16.489 R6 (Breakout Target 2) – $16.519 S1 – $16.277 S2 – $16.257 S3 (Range Support – Buy) – $16.237 S4 (Short Breakout) – […] Read more

Commodity Market: Pivot Levels for Monday (July 17th 2017)

July 17, 2017 6:35 am
Silver (SI) for September delivery (1 Troy Ounce) R1 – $15.978 R2 – $16.024 R3 (Range Resistance – Sell) – $16.069 R4 (Long Breakout) – $16.205 R5 (Breakout Target 1) – $16.364 R6 (Breakout Target 2) – $16.439 S1 – $15.888 S2 – $15.842 S3 (Range Support – Buy) – $15.797 S4 (Short Breakout) – […] Read more

Commodity Market: Pivot Levels for Thursday (July 13th 2017)

July 13, 2017 5:45 am
Silver (SI) for September delivery (1 Troy Ounce) R1 – $15.913 R2 – $15.939 R3 (Range Resistance – Sell) – $15.965 R4 (Long Breakout) – $16.044 R5 (Breakout Target 1) – $16.135 R6 (Breakout Target 2) – $16.175 S1 – $15.861 S2 – $15.835 S3 (Range Support – Buy) – $15.809 S4 (Short Breakout) – […] Read more

Commodity Market: Pivot Levels for Monday (July 10th 2017)

July 10, 2017 6:39 am
Silver (SI) for September delivery (1 Troy Ounce) R1 – $15.590 R2 – $15.755 R3 (Range Resistance – Sell) – $15.920 R4 (Long Breakout) – $16.415 R5 (Breakout Target 1) – $16.993 R6 (Breakout Target 2) – $17.361 S1 – $15.260 S2 – $15.095 S3 (Range Support – Buy) – $14.930 S4 (Short Breakout) – […] Read more

Commodity Market: Pivot Levels for Thursday (July 6th 2017)

July 6, 2017 5:51 am
Silver (SI) for September delivery (1 Troy Ounce) R1 – $15.927 R2 – $15.958 R3 (Range Resistance – Sell) – $15.990 R4 (Long Breakout) – $16.083 R5 (Breakout Target 1) – $16.192 R6 (Breakout Target 2) – $16.237 S1 – $15.865 S2 – $15.834 S3 (Range Support – Buy) – $15.803 S4 (Short Breakout) – […] Read more