Commodities News, Page

  • Crude oil

    Will Oil Reach $100?

    It seems like you just recently looked at the oil market and was sure about the further direction of prices but something has changed again.At the beginning of October, two major oil benchmarks reached highs of November 2014. Some traders believe that it’s a strong signal of the further rally

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  • IBM

    Stocks Plunge on IBM Earnings Miss, Bearish Housing Data; Crude Drops on Bearish EIA Report

    Renewed selling pressure is driving the major U.S. stock indexes sharply lower early Wednesday. Sellers took control shortly before the cash market opening, but the handwriting was on the wall during the pre-market futures session when the market failed to follow-through to the upside following yesterday’s stellar performance.Most investors were

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  • Wall st

    Positive Spike in Equity Market Pressured Gold Bulls, US Futures Fall Ahead of the FOMC Meeting

    Gold prices edged lower on Wednesday as equities and the dollar gained amid waning risk-averse sentiment and earning season coming into investor focus across key global markets, as trader await minutes from the U.S. Federal Reserve’s latest policy meeting for fresh clues on the pace of interest rate hikes. The

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  • Crude Oil

    Crude Oil Firms After API Reports Surprise Draw

    The U.S. Dollar fell to its lowest level since September 27 on Tuesday before clawing back most of the early losses into the close. A strong performance in U.S. equity markets hinted at improving risk appetite. This allowed emerging market currencies to outperform the dollar.Adding to the dollar’s weakness was

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  • Gold Tuesday

    Precious Metals Trade Flat on Profit Booking Activity

    Precious metals saw positive price action on Monday as investors took a risk averse stance leading to some amount of activity in gold and silver as they are viewed as safe Haven instruments despite both instruments losing luster in recent days owing to US Greenback taking the positive of most

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  • Gold Safe Haven

    Back to Safe Haven – Gold Ends Period of Low Volatility by Strong Bullish Move

    Last week, gold soared, and it was trading notably higher on Monday as well, with the precious metal rising 1 percent to trade at fresh three-month highs above 1,230 USD per ounce. It also briefly jumped above the strong resistance of the 100-day moving average, which currently stands at around

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  • Gold Friday

    Gold Slips after Hitting a 10-Week High despite Weak US Greenback

    Gold prices edged lower on Friday, but held near a more than 10-week high hit in the previous session when the metal breached a key resistance level, stoking optimism about an uptick in prices as result of US macro data missing expectations. As of writing this article, spot gold XAUUSD

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  • Gold Dollar Notes

    Gold Price Moves Up on Weak US Greenback in Broad Market

    Precious metals have taken to steady uptrend move during today’s market hours. With US Greenback weaker in the broad market, both yellow and white metals have made considerable gains today. While increase in bond yields usually boost US Greenback in broad market, US bonds hitting new highs caused investor focus

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  • Gold

    Gold Holds Steady As USD Weakens on Retreating US Bond Yields

    Gold held steady in a narrow price range on Wednesday as the dollar pulled back from a seven-week peak although support remained strong for the U.S. currency on the back of a strong U.S. economy and expectations of steady interest rate hikes by the Federal Reserve. Spot Gold XAUUSD held

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  • gold and dollar

    Precious Metals Take Dovish Turn On Strong USD

    Gold prices edged higher on Tuesday as risk appetite fell, with Asian stocks slipping to 17-month lows amid concerns over a potential slowdown in China’s economic growth. Spot gold XAUUSD was up 0.2% at $1,189.58 an ounce at 0715 GMT but took a nose dive in European market hours and

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  • Comex Gold

    Fears of Emerging Market Meltdown Underpinning Gold Prices

    Despite another surge in U.S. Treasury yields on Friday, the U.S. Dollar fell against a basket of currencies after government data for September showed the economy added fewer jobs than expected. Wages increased last month, however, they slowed on an annual basis. This indicated to some dollar bulls an easing

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  • Gold Friday

    Gold Prices Continue to Remain Stable

    The gold prices continue to consolidate and range for much of the last 24 hours. There has not been much action in the gold markets over the last few days and even the waxing and waning of the strength in the dollar seems to have had little impact on the

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  • gold 1

    Gold Just Below $1200 and Looking Higher

    There has been a talk in the market that the gold prices might fall as the US and the Fed have continued their policy of hiking the interest rates. This is expected to give a lot of strength for the dollar in the short and medium term and this is

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  • gold

    Gold Continues to Trade in Buoyant Manner

    After a brief period of bearishness during the month of August, we have seen the gold prices continue to trade within a tight range as the prices begin to consolidate in a slow and steady manner.The prices have been able to hold themselves above the 1180 region over the last

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  • Gold Friday

    Gold Hits Six Weeks Lows On Upbeat US Macro Data

    Gold prices inched up on Friday but held near six-week lows hit in the previous session, as the dollar firmed after upbeat U.S. economic data supported the Federal Reserve’s resolve for steady interest rate hikes over the next year. The dollar stood tall against its peers on Friday after data

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  • Gold

    Precious Metals Picked Up Momentum Following FOMC Update

    As expected the U.S. Federal Reserve raised interest rates for the third time this year on Wednesday and left intact its plans to steadily tighten monetary policy, as it forecast that the U.S. economy would enjoy at least three more years of growth. The fact that the Fed didn’t come

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  • gold and silver

    Precious Metals Continue to Move in Range Ahead of FOMC Update

    Investors are waiting for cues from the Fed and the Fed is expected to stay the course today, however, there is a chance for change in forwarding guidance as some believe that the fed could mention that the ongoing trade war between China and Canada could impact growth. The Fed

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  • gold fed

    Precious Metals Trade Dovish Ahead of US Fed Rate Decision

    Gold held steady on Tuesday as investors were cautious ahead of a U.S. Federal Reserve meeting, which could offer direction on future interest rate hikes, while markets kept a close eye on developments on the Sino-U.S. trade front. Gold is glued to the $1,200 see-saw levels with some short positions

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  • Gold Loses Luster as Sino-U.S Trade War Intensifies Amid Holiday Thin Market

    Gold edged lower on Monday as the dollar held firm on news that China has cancelled trade talks with the United States, while investors eyed this week’s U.S. Federal Reserve meeting for guidance on future rate hikes. Investors were focused on Sino-U.S. trade tensions, after China cancelled mid-level trade talks

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  • Crude Oil

    China Cancels Trade Meeting, OPEC May Raise Production by 500K

    Just when you thought it was safe to go back into the water, China dropped a potential bombshell late Friday when it canceled planned trade discussions with the United States as both sides escalate their dispute in the wake of a new round of tariffs imposed early last week.After President

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