April 30, 2021 9:10 am
Spot Gold was a notch weaker on Friday and looked set to register its first weekly loss in the past four weeks, as robust US macro data drove bond yields higher, increasing the opportunity cost of holding Gold which generates no interest. Still, the commodity was on track to post its first monthly gain this […]
Read moreApril 29, 2021 8:27 am
Futures on US West Texas Intermediate Crude Oil rose for a third straight trading day on Thursday, as upbeat oil demand forecasts overshadowed concerns stemming from COVID-19 resurgence in some parts of the world, including India and Brazil. The Organization of the Petroleum Exporting Countries and allies, known as OPEC+, revised up their oil demand […]
Read moreApril 23, 2021 9:10 am
Spot Gold traded within a narrow range on Friday, not far from yesterday’s two-month high, and was on track to register a third consecutive week of gains, as 10-year US bond yields and the US Dollar retreated on news US President Joe Biden intends to raise capital gains tax. “The knock-on effect from the tax […]
Read moreApril 22, 2021 9:01 am
Futures on US West Texas Intermediate Crude Oil retreated for a third consecutive trading day on Thursday, while touching a fresh one-week low, following a surprise increase in US crude oil stocks. Additionally, resurgent coronavirus cases in parts of Asia added to concerns over global economic recovery and fuel demand. A report by the US […]
Read moreApril 16, 2021 9:22 am
Spot Gold was holding near recent seven-week highs on Friday, as the US Dollar and US Treasury yields retreated to lows unseen in almost a month after the US government imposed a wide range of sanctions on Russia over alleged interference in last year’s presidential election. A weaker dollar makes Gold more affordable for international […]
Read moreApril 15, 2021 9:15 am
Futures on US West Texas Intermediate Crude Oil retreated on Thursday, but still held not far from a fresh one-month high achieved earlier in the day, after the International Energy Agency and OPEC revised up their full-year oil demand forecasts. Additional support to prices came on the back of a larger-than-expected drop in US crude […]
Read moreApril 9, 2021 9:28 am
Spot Gold eased from recent one-month high on Friday after a set of macro data coming out of China added to optimism over a swift recovery. The latest data showed that factory gate prices in China had surged at the fastest yearly rate since July 2018 in March, while outstripping a consensus of estimates. “Gold […]
Read moreApril 8, 2021 8:43 am
Futures on US West Texas Intermediate Crude Oil snapped a two-day streak of gains on Thursday, after an official government report revealed the largest increase in US gasoline inventories since early February, which raised concerns over demand in the country at a time when oil supplies across the globe surge. A report by the US […]
Read moreApril 2, 2021 8:57 am
Spot Gold extended gains from the previous trading day on Thursday, while rebounding from an over three-week low, as the US Dollar and US bond yields eased from recent highs. A bleak US jobless claims report also supported demand for the yellow metal. The US Dollar eased from highs not seen since early November along […]
Read moreApril 1, 2021 9:05 am
Following two straight trading days of losses, futures on US West Texas Intermediate Crude Oil rebounded on Thursday due to expectations that OPEC and its allies will likely continue oil output curbs when the group meets later in the day, as new COVID-19 cases continued to surge. Members of the Organization of the Petroleum Exporting […]
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