August 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 […]
Read moreJuly 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 […]
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