July 3, 2020 9:36 am
Futures on US West Texas Intermediate Crude Oil retreated on Friday, paring gains achieved so far this week, as concerns re-emerged that the new wave of COVID-19 infections across the United States and elsewhere could hamper fuel demand recovery. The United States, the largest oil consumer globally, reported over 55,000 new COVID-19 infections on Thursday, […]
Read moreJuly 2, 2020 9:23 am
Gold prices eased from Wednesday’s nearly 93-month high and remained within a narrow daily range on Thursday, as recent upbeat US macro data coupled with hopes for a potential coronavirus vaccine prompted investors to cut their safe haven bets. Yesterday the Institute for Supply Management said US manufacturing activity had rebounded sharply in June, with […]
Read moreJuly 1, 2020 9:34 am
Futures on US West Texas Intermediate Crude Oil rose to a one-week high on Wednesday, following a report of a larger-than-anticipated drop in US crude stocks, which indicated demand was picking up regardless of the spread of the novel coronavirus. Latest data from the American Petroleum Institute (API) showed crude oil inventories in the United […]
Read moreJune 30, 2020 9:36 am
Gold traded within a narrow range close to 92 1/2-month highs in Europe on Tuesday, as the speeding up spread of the coronavirus globally dented hopes of a swift economic recovery. Total confirmed cases of the COVID-19 illness have exceeded 10.3 million globally, while in the United States alone confirmed cases are now over 2.64 […]
Read moreJune 29, 2020 9:27 am
Futures on US West Texas Intermediate Crude Oil retreated for a second consecutive trading day on Monday, as ongoing surge in new COVID-19 cases in the United States, India, Brazil and elsewhere heightened concerns that renewed partial lockdowns could restrict demand for fuel. The total number of confirmed coronavirus cases globally exceeded 10 million, while […]
Read moreJune 26, 2020 9:42 am
Gold traded within a relatively tight daily range during the Asian and European sessions on Friday and was poised to register its third successive week of gains amid surging new COVID-19 infections globally, which cast doubt on the V-shaped economic recovery forecast by many. More than 179,700 new cases of the illness were reported globally […]
Read moreJune 25, 2020 9:21 am
Futures on US West Texas Intermediate Crude Oil extended losses from the prior two trading days and hit a one-week low on Thursday, after government data revealed a larger-than-anticipated increase in oil stocks, while rising new coronavirus cases added to concerns fuel demand recovery might slow. WTI Crude plummeted more than 4.8% on Wednesday after […]
Read moreJune 24, 2020 9:36 am
Gold surged for a fourth straight trading day on Wednesday, while reaching highs not seen since early October 2012, as new confirmed cases of the COVID-19 illness continued to rise globally, which could lead to more stimulus measures in support of economy. Daily new coronavirus infections globally rose by nearly 163,000 on Tuesday. As of […]
Read moreJune 23, 2020 9:33 am
Futures on US West Texas Intermediate Crude Oil recovered from losses registered earlier on Tuesday in volatile trade, induced by confusion over the fate of the US-China trade agreement. Comments from White House trade adviser Peter Navarro that the trade deal is “over” initially triggered a selloff in equities, riskier currencies and oil. However, later […]
Read moreJune 22, 2020 9:41 am
Spot Gold kept trading in proximity to fresh one-month highs during European session on Monday, as rising new coronavirus cases added to concerns over a more prolonged global economic recovery, triggering a move into the safe haven metal. According to data by the World Health Organization, new confirmed COVID-19 cases across the globe rose at […]
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