February 25, 2021 10:15 am
Futures on US West Texas Intermediate Crude Oil extended gains from the previous trading session on Thursday, while touching a fresh 59-week high, as a Texas winter storm led to a considerable drop in US crude oil production last week, while the Federal Reserve assured markets that monetary policy would remain accommodative. The latest data […]
Read moreFebruary 25, 2021 1:32 am
Silver price started off the month of February with a sparkle as traders tried to push a short squeeze to rail the large institutions. Since the February 1 high, silver prices have softened and seemed to have settled within a $26-28 price range. Silver Price Momentum At the time of this writing, silver prices have […]
Read moreFebruary 19, 2021 10:26 am
Spot Gold extended losses from the prior several trading days on Friday, while hitting a fresh 33-week trough, as the recent surge in US bond yields continued to weigh on demand for the safe-haven metal. Gold also looked set to register its biggest weekly loss since late November, being down 2.74%. The yield on 10-year […]
Read moreFebruary 18, 2021 10:07 am
Futures on US West Texas Intermediate Crude Oil extended gains from the prior three trading days on Thursday, while hitting a fresh 13-month high, due to concerns that a cold front in Texas, the largest oil-producing state, could disrupt oil output for days. Texas is facing massive refining outages and oil and gas shut-ins, with […]
Read moreFebruary 12, 2021 10:52 am
Spot Gold extended losses from the prior trading day on Friday, as the US Dollar rebounded from recent two-week lows, supported by a rise in 10-year US bond yields. Still, however, the yellow metal looked set to register its first weekly gain in the past three weeks on hopes of additional fiscal stimulus in the […]
Read moreFebruary 11, 2021 10:27 am
Futures on US West Texas Intermediate Crude Oil eased from yesterday’s over 1-year high on Thursday due to expectations of slower economic recovery, while speculation emerged that recent oil price gains could prompt key producers to cut output at a lesser rate. “Benchmark crude oil futures fell … as investors tapped the brakes on the […]
Read moreFebruary 5, 2021 10:42 am
Having touched a two-month low on Thursday, Spot Gold managed to recoup part of recent losses on Friday, as the US Dollar eased from highs unseen since early December. Still, however, the yellow metal looked set to register its steepest weekly decline since the business week ended on January 8th, being down 2.20%. “There is […]
Read moreFebruary 4, 2021 10:05 am
Futures on US West Texas Intermediate Crude Oil rose for a fourth straight trading day on Thursday after OPEC+ maintained oil production cuts, while crude oil inventories in the United States dropped to levels not seen since March 2020. During a meeting on Wednesday, the Organization of the Petroleum Exporting Countries and allies, a group […]
Read moreJanuary 29, 2021 9:48 am
Spot Gold traded within a narrow range on Friday and looked set to register its fifth loss out of six months amid lack of proper catalysts to support prices, while the US Dollar strengthened. The dollar has gained more than 0.8% against a basket of major peers so far in January, supported by higher US […]
Read moreJanuary 28, 2021 10:25 am
Futures on US West Texas Intermediate Crude Oil retreated on Thursday, because of renewed fuel demand concerns stemming from travel curbs and vaccine delays in various parts of the globe. A stronger dollar also pressured the USD-denominated commodity. The US Dollar Index was last up 0.08% on the day at 90.71, after earlier rising as […]
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