July 29, 2020 9:14 am
Futures on US West Texas Intermediate Crude Oil rebounded on Wednesday after a report showed US crude oil inventories surprisingly dropped last week, providing some relief to oil markets amid accelerating COVID-19 pandemic across the United States and other parts of the globe. A report by the American Petroleum Institute revealed on Tuesday that US […]
Read moreJuly 28, 2020 9:19 am
Having advanced to a fresh record high level of $1,981.36 per troy ounce earlier on Tuesday, Spot Gold pulled back as some market players took profits, while the US Dollar rebounded from lows not seen since June 2018. “A slight reversal in the dollar could have triggered nervous longs to bail out, but there’s been […]
Read moreJuly 27, 2020 9:01 am
Futures on US West Texas Intermediate Crude Oil retreated on Monday as market players trimmed positions in riskier assets amid accelerating coronavirus pandemic and deteriorating diplomatic relations between the United States and China after the closures of consulates in Houston and Chengdu. US Secretary of State Mike Pompeo once again aimed at China, as he […]
Read moreJuly 24, 2020 9:22 am
Gold continued its advance for a sixth straight trading day on Friday, while remaining in proximity to highs last seen in September 2011 amid economic uncertainty stemming from accelerating COVID-19 pandemic and escalating tensions between China and the United States. The latest data by the Center for Systems Science and Engineering at Johns Hopkins University […]
Read moreJuly 23, 2020 9:24 am
Futures on US West Texas Intermediate Crude Oil advanced for a fourth straight trading day on Thursday, but gains seemed limited after US crude oil stocks unexpectedly rose, indicating an impact from the accelerating COVID-19 pandemic on US fuel consumption. More than 15 million people worldwide have already been infected by the novel coronavirus, while, […]
Read moreJuly 22, 2020 9:38 am
With the US Dollar struggling near 19-week lows, Gold advanced for a fourth straight trading day on Wednesday, touching highs last seen in September 2011. “Gold is deriving strength from a broadly weaker dollar despite the improving market mood,” FXTM analyst Lukman Otunuga said. “The fundamental themes weighing on global sentiment remain intact, with rising […]
Read moreJuly 21, 2020 9:30 am
Futures on US West Texas Intermediate Crude Oil extended gains from the prior trading day and hit a fresh 4 1/2-month high on Tuesday, as positive news regarding COVID-19 vaccine trials and an EU deal on a EUR 750 billion recovery fund lifted prospects for fuel demand. AstraZeneca and Oxford University said yesterday their novel […]
Read moreJuly 20, 2020 9:28 am
Gold held firm above the $1,800 mark during Monday’s European trade, as the spread of the novel coronavirus and concerns over its impact over global economic recovery kept the precious metal supported. “There’s no doubt that we are in the medium-term uptrend for gold. It appears that there’s a segment of the investment community that […]
Read moreJuly 17, 2020 9:20 am
Futures on US West Texas Intermediate Crude Oil extended losses on Friday, as global fuel demand recovery remains uncertain amid the accelerating spread of the novel coronavirus in countries such as the United States, India, Spain and Australia. At the same time, oil producers prepare to ease record supply cuts from next month. The United […]
Read moreJuly 16, 2020 9:31 am
Gold eased from Wednesday’s one-week highs on Thursday, as prospects of a COVID-19 vaccine prompted investors to trim their safe haven bets. Earlier this week Moderna Inc’s novel coronavirus vaccine showed promising results from its early-stage trials. The vaccine triggered immune responses in all 45 healthy volunteers, the company’s research team told the New England […]
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