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Commodity Market: Gold heads for third week of losses as rate hike expectations underpin bond yields, US Dollar

February 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 […] Read more

Commodity Market: WTI Crude Oil set for weekly gain as markets weigh US recession risks against China demand recovery optimism

February 10, 2023 9:13 am
Futures on US West Texas Intermediate Crude Oil looked set to register their first weekly gain in three, as market players were still weighing US recession risks against optimism over a sound fuel demand recovery in the world’s largest oil importer, China. The latest data by the US Labor Department seemed to have reignited recession […] Read more

Commodity Market: WTI Crude Oil extends gains on stronger US GDP growth, China demand recovery optimism

January 27, 2023 10:05 am
Futures on US West Texas Intermediate Crude Oil extended gains from the prior trading session on Friday, supported by faster-than-anticipated US GDP growth and optimism over a swift recovery in China’s fuel demand as COVID-19 infections and deaths in the country significantly decreased from recent peak levels. The latest preliminary data by the US Bureau […] Read more