November 2, 2020 10:34 am
Futures on US West Texas Intermediate Crude Oil extended losses from the prior trading days on Monday and hit lows not seen since late May, as markets prepare for high volatility during the US presidential election week. Concerns that the re-imposition of lockdown measures in Europe to slow down coronavirus spread could further weaken demand […]
Read moreOctober 29, 2020 10:47 am
After its steepest single-day slump since October 13th on Wednesday, Spot Gold was mostly steady during European trade on Thursday as recent US Dollar rally paused, while accelerating virus spread globally and uncertainty surrounding the US presidential election next week were factors supporting safe haven demand for the precious metal. Recent polls show that Democrat […]
Read moreOctober 21, 2020 9:34 am
Futures on US West Texas Intermediate Crude Oil eased from yesterday’s seven-week peak ($41.90 per barrel) on Wednesday after an unexpected increase in US crude oil inventories last week stoked concerns over a supply glut. The American Petroleum Institute (API) reported on Tuesday that US crude oil stocks had risen by 0.584 million barrels during […]
Read moreOctober 7, 2020 9:34 am
After recording its biggest daily loss since September 23rd on Tuesday on the back of a firmer US Dollar, Spot Gold managed to recoup part of that loss on Wednesday, rebounding from one-week lows, as economic recovery concerns re-emerged. Uncertainty surrounding the US presidential election after President Trump was diagnosed with COVID-19 is also seen […]
Read moreOctober 6, 2020 9:10 am
Futures on US West Texas Intermediate Crude Oil extended gains from the prior trading day on Tuesday as another tropical storm was forming in the Gulf of Mexico and posed a threat to oil facilities there, while markets were also relieved by news of US President Trump’s discharge from hospital. Yesterday WTI Crude Futures registered […]
Read moreOctober 5, 2020 9:12 am
Spot Gold was edging lower on Monday due to optimism regarding US President Donald Trump’s COVID-19 treatment, which weighed on demand for the safe harbor precious metal. Last week Trump was flown to the Walter Reed National Military Medical Center near Washington DC for treatment after testing positive for COVID-19. Global risk sentiment received a […]
Read moreOctober 2, 2020 9:26 am
Futures on US West Texas Intermediate Crude Oil extended losses from the prior trading day on Friday, while hitting a fresh 2 1/2-week low, as reports emerged that US President Trump had tested positive for COVID-19. Additionally, fuel demand concerns continued to persist with no US fiscal stimulus deal in sight yet. Risk sentiment soured, […]
Read moreOctober 1, 2020 9:13 am
Having registered its steepest monthly slump since November 2016 in September, Spot Gold rebounded on Thursday, supported by a weaker dollar and optimism over new fiscal stimulus package in the United States. US Treasury Secretary Steven Mnuchin said on Wednesday that negotiations with House Speaker Nancy Pelosi had “made a lot of progress” on the […]
Read moreSeptember 29, 2020 9:05 am
Futures on US West Texas Intermediate Crude Oil fell on Tuesday, following an almost 1% surge during the previous trading day, as pandemic-related demand concerns overshadowed optimism over a new fiscal stimulus package in the United States. Both WTI and Brent benchmarks gained on Monday after reports emerged that US Democrats had unveiled a new […]
Read moreSeptember 28, 2020 9:25 am
Spot Gold edged lower at the start of the new week, as the US Dollar held on to recent gains near a two-month peak against major peers ahead of the first presidential election debate between US President Trump and Democrat Joe Biden. The commodity was set to register its biggest monthly loss since November 2016, […]
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