Commodities News, Page 15

  • Copper Scrap Wire

    Copper Prices Surge to 6 Week High as Investors Respond to weaker U.S. Dollar

    Copper prices surged to their highest level since January 4 last week, supported by a weaker U.S. Dollar and robust prospects for global growth. A stable stock market and aggressive position-squaring ahead of the Lunar New Year holiday also helped drive prices higher.May Comex High Grade Copper futures settled the

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  • U.S. Dollar Index

    Dollar Set to Post Biggest Weekly Loss in Two Years

    The U.S. Dollar settled near a three-year low against a basket of currencies on Thursday despite a sharp rise in U.S. Treasury yields. The March U.S. Dollar Index futures contract is now in a position to close more than 2 percent lower, its biggest weekly loss in two years.Daily March

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  • Gold Thursday

    Gold Prices Shoot Higher

    The gold prices broke through higher on the back of some serious dollar weakness and it now trades near the top of its range as of this writing and it seems as though the dollar is now at a crucial stage which is likely to determine its medium term trend.

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  • Gold

    Gold Prices Reach Crucial Level

    The gold prices continued to move higher over the last 24 hours on the back of some dollar weakness but it now seems to be in a price region which is going to be crucial to determine its direction for the short term and the medium term as well. It

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  • Comex Gold

    Gold, Copper Prices Boosted by Weaker Dollar Ahead of Wednesday’s CPI Report

    Commodities and commodity-linked currencies put in mixed performances on Tuesday as investors tried to figure out how to play strengthening U.S. Treasury yields and stock market volatility. A weaker U.S. Dollar also played a role in yesterday’s price action as well as position-squaring ahead of Wednesday’s U.S. consumer inflation report.Daily

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  • Gold Tuesday

    Gold Prices Begin to Rise Higher

    Gold prices continued their recovery over the last 24 hours as they have since broken through the 1325 region and look higher. This was largely due to the weakness in the dollar that was seen across the board. But this move lower in the dollar should be taken with a

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  • Gold Prices Trade Just Below $1325

    The gold prices continued to hover below the 1325 region as the bulls are finding it hard to string together a decent run higher on the back of some solid dollar strength. We believe that the dollar strength would be put to the test during the course of this week

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  • funancial

    Financial Market Turmoil, Firm Dollar Pressures Commodities

    The rising U.S. Dollar and other concerns pressured key commodity markets on Friday. An early rally in gold failed to gain traction and the market finished lower. Copper plunged to its lowest level since December 13. Crude oil turned lower for the year and natural gas is in a position

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  • Gold Thursday

    Gold Prices Crash Lower

    The gold prices crashed through the support region around the 1325 region on the back of some serious dollar strength and now this exposes the price to further correction in the coming days. It is likely to be choppy and volatile in the short term as the bulls battle for

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  • Gold

    Gold Moves Lower But Rebounds

    Gold prices crashed lower during the course of the day but it continues to trade within the overall range between the 1320 and the 1345 regions for now. The move lower was driven by the recovery in the stock markets which rebounded all across the globe. We had mentioned something

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  • Gold Tuesday

    Gold Rises Higher as Stocks Crash

    Gold prices are testing out the highs of its range in the 1345 region as of this writing as a whole sale sell off in the markets around the world seems to be helping the prices to move up. In fact, whenever there is a dump of risk, we can

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  • Gold Crashes Lower to Support as Dollar Rebounds

    The gold prices fell hard on Friday as the dollar appeared to be seeing the first signs of a revival. This move came about due to the strong NFP data from the US which came in stronger than expected. This continued the trend of stronger data from the US which

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  • Gold Friday

    Gold Prices Continue to Consolidate at Highs

    Yesterday we saw the dollar go lower across the board, falling against almost all the instruments. It was the same case with gold as well as the dollar fell against gold and the gold prices moved towards the highs of its range. But we would have expected a much larger

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  • Gold Thursday

    Gold Prices Continue Near Highs

    The gold prices continued to consolidate near its range highs as we head towards the new month and also the end of the week when some important data releases are expected. The prices were rocked a bit yesterday by the ADP employment data and also the FOMC meeting minutes but

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  • gold

    Gold Prices Crash Through Support

    Gold prices have crashed through the support region in the $1345 region during the course of trading yesterday. We had pointed this out as an important buying region in our forecasts over the last few days and hence it is indeed significant that this region has been broken through and

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  • Gold Monthly

    Gold Prices Continue in Range

    Gold prices continued to trade and consolidate in the range between the 1345 and 1360 regions over the last few days. We had mentioned this in our forecasts over the last few days where we had said that this sort of consolidation and ranging was likely to happen for the

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  • Gold Friday

    Gold Prices Bounce Off Support

    The gold prices corrected during the course of the day yesterday, a period of correction which does not mean much in the larger scheme of things, as far as we are concerned. There does not seem to be any major change in the trend on account of this correction and

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  • Gold Thursday

    Gold Prices Rocket Through but Caution Needed

    The gold prices rocketed higher yesterday on the back of some sustained weakness in the dollar that was seen all across the markets. The prices rose by over $20 during this period as the weakness in the dollar was well utilised by the gold bulls. The dollar weakened due to

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  • Gold

    Gold Prices Receive Boost from Weak Dollar

    Gold prices have continued higher over the last 24 hours as the gold bulls have made full use of the opportunity to push the prices higher as the dollar weakened across the board yesterday. This dollar weakness is expected to continue in the short term and this should lead the

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  • Gold Tuesday

    Gold Prices Looking to Test Highs of Range

    The gold prices seem to have completed their move lower towards the lows of their range and now have begun their journey towards the highs. There does not seem to be anything fundamentally associated with these kinds of moves as there is not much news around. Also, the risk sentiment

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