August 12, 2020 9:11 am
Futures on US West Texas Intermediate Crude Oil rebounded on Wednesday, after an industry report stated that US crude oil inventories had dropped at a sharper-than-anticipated rate last week, which added to optimism fuel demand could resist the continuing spread of the coronavirus. A report by the American Petroleum Institute revealed on Tuesday that US […]
Read moreAugust 11, 2020 9:03 am
Spot Gold retreated nearly 2% in Europe on Tuesday and fell below the $2,000 mark for the first time since August 4th, as market players took profits following the haven metal’s recent rally. The US Dollar was holding gains against major peers on hopes of a deal on US fiscal stimulus, while US bond yields […]
Read moreAugust 10, 2020 8:34 am
After two straight days of losses, futures on US West Texas Intermediate Crude Oil rebounded on Monday, as support was drawn from both an optimistic outlook for demand in Asia and a pledge by Iraq to increase output cuts. Amin Nasser, Saudi Aramco’s Chief Executive Officer, said over the past weekend that oil demand in […]
Read moreAugust 7, 2020 9:23 am
Spot Gold registered a new all-time high on Friday, as the US Dollar remained near lows unseen in over 2 years, while investor concerns over the global economic impact from the spreading coronavirus continued to support demand for the safe haven metal. The latest data by the Center for Systems Science and Engineering at Johns […]
Read moreAugust 6, 2020 9:26 am
After a four-day streak of gains, futures on US West Texas Intermediate Crude Oil eased from Wednesday’s five-month high on Thursday, as fuel demand-related concerns offset a larger-than-expected drop in US crude oil inventories. A report by the US Energy Information Administration showed on Wednesday that crude oil stocks had decreased by 7.373 million barrels […]
Read moreAugust 5, 2020 9:23 am
Spot Gold continued to rally and registered a fresh record high during early European trade on Wednesday, supported by US Dollar’s weakness and prospects of additional stimulus measures to stimulate economic recovery. The US Dollar lost ground against major peers as the stalemate over US fiscal policy brought forth a speculation that the Federal Reserve […]
Read moreAugust 4, 2020 9:27 am
Futures on US West Texas Intermediate Crude Oil retreated on Tuesday following their rally a day earlier, as a new wave of COVID-19 infections and potentially tighter lockdowns in some parts of the globe added to market concerns that a pickup in fuel demand could stall. Yesterday WTI Crude Futures soared over 2% and Brent […]
Read moreAugust 3, 2020 9:23 am
Spot Gold rose to a fresh record high during early Asian trade on Monday, as concerns over an economic impact from the accelerating COVID-19 pandemic drove inflows into haven assets. Still, a rebound in the US Dollar was limiting the yellow metal’s advance. “The sentiment across markets is deteriorating. First of all, rising infection rates […]
Read moreJuly 31, 2020 9:30 am
Futures on US West Texas Intermediate Crude Oil managed to recover from yesterday’s three-week lows on Friday, but a second wave of COVID-19 infections across the globe is already posing a threat to oil demand. Yesterday WTI Crude Futures plunged 2.4% in response to a record drop in US Gross Domestic Product in Q2. A […]
Read moreJuly 30, 2020 9:15 am
Gold eased from Tuesday’s all-time high during European trade on Thursday, as the US Dollar managed to recoup part of earlier losses, bouncing from more than two-year lows. Still, the precious metal was set to register its best monthly performance since February 2016, while being up 9.95% so far in July. The Federal Reserve kept […]
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