May 26, 2023 11:20 am
Spot Gold rebounded from a two-month low on Friday, but was still on track to register a third consecutive week of losses, as market players closely watched the progress of US debt ceiling talks as well as the Federal Reserve’s interest rate hike trajectory. The situation surrounding debt ceiling negotiations between U.S. President Joe Biden […]
Read moreMay 19, 2023 8:51 am
Futures on US West Texas Intermediate Crude Oil rose on Friday after an over 1% loss during the previous trading day on investor optimism the risk of a US debt default has diminished. “I think markets have been pricing out the risks of a U.S. debt default, which translates to a more risk-on environment,” Yeap […]
Read moreMay 5, 2023 8:32 am
Futures on US West Texas Intermediate Crude Oil surged more than 1% on Friday, but were still heading for their third consecutive weekly loss on concerns over a weakening US economy and slowing China demand. WTI Crude Oil Futures have retreated 9.39% so far this week, following another 1.20% loss in the prior week. Brent […]
Read moreApril 21, 2023 9:25 am
Spot Gold retreated on Friday on firmer US Dollar after some soft US data added to expectations that the Federal Reserve would probably put policy tightening on hold after hiking interest rates one more time in May. According to Ilya Spivak, head of global macro at Tastylive, the yellow metal has been moderating amid a […]
Read moreApril 13, 2023 8:40 am
After two consecutive days of gains, futures on US West Texas Intermediate Crude Oil edged down on Thursday, as market players were still concerned about a possible recession in the United States and weaker fuel demand. Crude Oil Futures gained more than 2% on Wednesday, as cooling consumer inflation in the US reinforced expectations the […]
Read moreMarch 31, 2023 9:03 am
Futures on US West Texas Intermediate Crude Oil edged down on Friday as optimism over China demand along with potential supply disruptions in Iraq was countered by uncertainty regarding US macro data due out later today. China’s industrial activity has become a major driver of oil prices in recent weeks. The country’s manufacturing sector activity […]
Read moreMarch 24, 2023 9:58 am
Spot Gold was a notch weaker on Friday, trading within a narrow range, as the US Dollar bounced off a seven-week trough, while market players mulled US Federal Reserve’s indications of a potential pause in its policy tightening cycle. The yellow metal, which does not pay any interest, remained at levels not far from recent […]
Read moreMarch 10, 2023 10:23 am
Futures on US West Texas Intermediate Crude Oil headed for their sharpest weekly loss since early February due to concerns faster interest rate hikes in the United States could slow growth and hamper fuel demand in the world’s biggest economy. Expectations of further policy tightening in both the United States and the Euro Area have […]
Read moreFebruary 28, 2023 9:20 am
Futures on US West Texas Intermediate Crude Oil surged 1% on Tuesday, underpinned by optimism a strong economic rebound in China will bolster fuel demand. However, WTI Crude Oil Futures looked set to register a fourth consecutive month of losses, being down 4.56% so far in February. Expectations over Chinese oil demand recovery supported the […]
Read moreFebruary 17, 2023 10:20 am
Spot Gold retreated on Friday and headed for its third consecutive week of losses, after a series of strong macro data revived expectations of further policy tightening by the Federal Reserve. Meanwhile, the US Dollar scaled a fresh six-week high, additionally pressuring Gold prices. Several Federal Reserve officials said this week the bank’s monetary policy […]
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