July 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 […]
Read moreJuly 15, 2020 9:21 am
Futures on US West Texas Intermediate Crude Oil extended gains from a day ago on Wednesday, after a report by the American Petroleum Institute (API) showed the largest drop in crude oil inventories in 11 months, while markets awaited the outcome from a meeting of the Joint Ministerial Monitoring Committee (JMMC) of OPEC+ later in […]
Read moreJuly 14, 2020 9:20 am
Having faced strong resistance in the area near July 8th high ($1,818.09) during the past several trading days, Gold briefly eased below the $1,800 mark on Tuesday as the US Dollar regained strength, making the yellow metal costlier for holders of other currencies. Still, geopolitical tensions and worsening COVID-19 situation in the United States and […]
Read moreJuly 13, 2020 9:17 am
Futures on US West Texas Intermediate Crude Oil retreated almost 2% on Monday, paring gains achieved on Friday, as market players awaited a technical meeting by OPEC at which oil supply reductions are expected to be eased. The Ministerial Monitoring Committee, OPEC+’s production oversight group, will meet on July 14th and 15th to assess each […]
Read moreJuly 10, 2020 9:10 am
Gold prices eased from highs last seen in September 2011, but still kept ground above the $1,800 mark on Friday, as market players favored the US Dollar as a safe haven asset amid a record surge in daily new COVID-19 cases in the United States that curbed optimism over a swift recovery. The latest data […]
Read moreJuly 9, 2020 9:19 am
Futures on US West Texas Intermediate Crude Oil traded lower on Thursday, paring gains from the previous day, since concerns over possible coronavirus lockdown re-imposition in the United States offset signs of recovery in US demand for gasoline. “The market’s struggling to get strong conviction to the upside at the current point in time,” Lachlan […]
Read moreJuly 8, 2020 9:32 am
Gold extended gains from the previous two trading days and hit highs not seen since early November 2011 on Wednesday, as continuing spread of the coronavirus across the United States and elsewhere added to prospects of more stimulus, supporting demand for the haven metal. The number of confirmed cases of the COVID-19 illness in the […]
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