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 moreMarch 25, 2021 10:03 am
Futures on US West Texas Intermediate Crude Oil retreated more than 2% on Thursday, since new pandemic-related lockdowns once again brought to life concerns over oil demand, even as a stranded container ship was still obstructing oil carriers in the Suez Canal. “Oil is shifting lower, and in addition to lockdown woes, the slow uptake […]
Read moreMarch 19, 2021 10:01 am
After a 0.5% loss on Thursday, Spot Gold edged up on Friday, but upside seemed limited amid rising US bond yields after the Federal Reserve projected the strongest economic growth in four decades. The US Dollar rebounded from lows unseen in two weeks as US bond yields held in proximity to an over one-year peak, […]
Read moreMarch 18, 2021 9:54 am
Futures on US West Texas Intermediate Crude Oil extended losses from the previous four trading days on Thursday after an official report revealed US crude and fuel stocks continued to increase, as refineries in some southern states were forced to shut because of the mid-February deep freeze. An official report by the US Energy Information […]
Read moreMarch 12, 2021 9:03 am
Spot Gold extended losses from the previous trading day on Friday, pressured by a surge in US Treasury yields and a firmer US Dollar. The yield on benchmark US government bonds rose after a pullback earlier this week, while the US Dollar rebounded from lows not seen since March 4th. Rising bond yields lead to […]
Read moreMarch 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 moreMarch 5, 2021 10:10 pm
Silver finished this week lower by 4.5% as weakness continues for gold’s little brother. Dollar has flexed its muscle causing precious metals to falter. However, this weakness would be no surprise for Trading Price Newsletter subscribers. Silver Price Analysis for March 5, 2021 (click on image to enlarge) Last week, we said silver’s price […]
Read moreMarch 5, 2021 10:11 am
Spot Gold extended losses from the previous two trading days on Friday, while hitting a fresh nine-month low, following some disappointing remarks on rising bond yields by Federal Reserve Chair Jerome Powell, which further bolstered bond yields and the US Dollar. The precious metal also looked set to register its third consecutive week of losses. […]
Read moreMarch 4, 2021 9:50 am
Futures on US West Texas Intermediate Crude Oil extended gains from the previous trading day on Thursday, as OPEC+ producers may decide to stick with oil output cuts at a meeting later today, which provided support to oil prices. The Organization of the Petroleum Exporting Countries and allies, known as OPEC+, may roll over production […]
Read moreFebruary 26, 2021 10:08 am
Spot Gold extended losses from the previous three trading days on Friday, while hitting a fresh eight-month low, as optimistic macroeconomic outlook and higher inflation expectations gave US bond yields a boost. The commodity was also poised to register its second straight week of losses and the worst monthly performance since November 2020. Yesterday the […]
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