Forecasts & Analysis | Commodities
Gold Price Forecast XAU/USD – Traders Shrug Off Hawkish Fed Comments; Focus on Drop in China COVID Cases
Gold investors appear to be putting more weight in the drop in new COVID cases in China than in the hawkish comments from the Fed officials.
Investors Focus on China and Fed Comments Which Pressured Gold Lower
Today gold futures are trading under pressure as market participants react to multiple events including comments by several Federal Reserve officials, protests in China, Chairman Powell’s upcoming speech, and Friday’s jobs report.
Gold Price Forecast XAU/USD – Closes Lower after Hawkish Fed Officials Drive Dollar Higher
The dollar was driven higher after Fed Presidents James Bullard and John Williams stated that there was a long way to go to fight inflation,
Crude Oil Price Update – Strong Rebound Powered by OPEC+ Output Cut Speculation
The rumors of a possible OPEC+ production cut outweighed an earlier sell-off built on the weak fuel demand outlook out of China.
Natural Gas Price Fundamental Daily Forecast – Lower as Updated Forecasts Predict Less Weather-Driven Demand
Gains are being capped by forecasts for lower near-term demand, near record output and the expiration of the front-month December contract.
If the Correction is Over, It Can Mean One Thing for the Gold Price
In today’s analysis, I’ll cover other parts of the current puzzle: gold, the USD Index, and the stock market.
Silver Price Forecast – Silver Bounces After an Initial Selloff
The silver has initially plunged during the trading session on Monday, showing signs of weakness, but the 200-Day EMA has offered support.
Crude Oil Price Forecast – Crude Oil Markets Continue to Break Down
The crude oil market has fallen again during the trading session on Monday, as we continue to see a lot of concerns about global demand.