Commodities News, Page 6

  • Gold Falls Further As Turkish Crisis Spiked Demand for USD

    Gold prices extended declines into a third session on Monday, as the U.S. dollar climbed to a 13-month high against major peers amid the financial crisis in Turkey. Spot gold XAU= had dropped 0.47% to $1,205.74 as of writing this article, hovering not far from a 17-month low of $1,204

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  • Gold Friday

    Gold Dips As USD Hits 13-Month High Amid Global Political Tensions

    Gold prices dipped in Asia on Friday, languishing near a one- year low, weighed down by a rally in the U.S. dollar amid heightened global political tensions. The strong dollar is affecting the price of gold. Despite heightened geopolitical tensions, gold bears are still in control of the price and

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  • Gold

    Gold Trades Range-Bound in Asian Market Hours

    Gold prices were mostly steady in range-bound Asian trade on Thursday, after gaining for two straight sessions, with a strong dollar weighing on upside momentum. However, the downside movement of Gold was limited as US dollar loses ground to the Japanese Yen. Spot Gold XAUUSD is trading at $1211.89 down

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  • china shipping

    China Tariffs on U.S. Crude Not Game-Changing Event

    U.S. West Texas Intermediate and international-benchmark Brent crude oil futures are under pressure early Wednesday after China said it will retaliate against the latest round of U.S. tariffs on Chinese imports.China’s announcement came just a day after the U.S. Trade Representative’s office released a finalized list of $16 billion worth

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  • gold

    Gold Edges Up As Spike in Chinese Yuan Pressures US Greenback

    Gold prices drifted higher in Asian trade on Wednesday, extending gains into a second session, as the U.S. dollar softened against China’s yuan and Euro. Spot gold XAUUSD is currently trading bullish, Up 0.35% on the day to $1,215.36 an ounce, after rising 0.4% in the previous session. U.S. gold

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  • Oil prices

    Bullish Storage Reports from API, EIA Could Spike Oil Prices Through Last Week’s High

    Just when you thought the renewed sanctions on Iran were already priced into the crude oil market, there are signs today that this may not be the case. Both U.S. West Texas Intermediate and international benchmark Brent crude oil futures contracts are trading higher on Tuesday. The catalyst behind the

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  • precious metals

    Precious Metals Rebound As Dollar Turns Soft Amid Profit Booking

    Asian stocks were largely steady on Tuesday, with worries over the U.S.-China trade conflict offsetting support from earnings-led gains on Wall Street. There’s some very light demand from China and Southeast Asia as cheap gold looks attractive to small-time investors who could not horde up on US Greenback. US Greenback

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  • Gold Bars

    Gold Pares Early Gains As US Dollar Grows Stronger

    Gold prices pared early gains and steadied amid a firm U.S. dollar ahead of European market hours. Spot gold XAUUSD was steady at $1,212.05 an ounce, down 0.08% after hitting as high as $1217.85. U.S. gold futures GCcv1 were down 0.23% at $1,220.30 an ounce, Gold is still very much

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  • Gold Friday

    Gold hits New 2018 Lows for Second Consecutive Trading Session

    Gold prices were little changed early Friday, having hit a one-year low in the previous session on a resilient U.S. dollar. Spot Gold XAUUSD continues to move on a steady downtrend path touching new 2018 lows on two back to back sessions at $1207.20 on Tursday and $1206.62 on Friday

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  • Comex Gold

    Gold Rebounds Post Testing Near 2018 Lows but Dovish Market Sentiment Remains Prevalent in Market

    In early Asian market hours today, spot gold moved very near to 2018 low’s with XAUUSD reaching $1215.50 and is currently trading at $1219.99 up 0.33% in the day when compared to Wednesday’s closing price but still new 2018 lows.Spot Gold hit 2018 low on July 19 at $1211.08 as

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  • Gold

    Gold Continues to Decline as Investors Focus Remains on Back To Back Central Bank Rate Decisions

    Gold price action saw a steady decline for the majority of the month of July’18, however, the last two weeks saw price trapped inside a short price range of $1211.30 to $1235.22. Gold is expected to remain locked inside the price band for rest of ongoing week as global forex

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  • gold dollar

    Gold Trapped Inside Broad Price Band Ahead of Multiple Central Bank Rate Decisions

    XAUUSD is currently trading at $1221.30 with 0.39% decrease in value and the price action indicates that the pair is trapped in short price band of $1225 to $1215 in short-term and wider price band of $1235 to $1210 in medium to long-term as outlook for US Greenback remains positive

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  • Gold Friday

    Precious Metals Stable Slightly Above Yesterday’s Lows

    Gold prices edged higher on Friday as the dollar slipped against major peers ahead of U.S. economic growth data that could shed light on the pace of rate hikes in the world’s top economy. However this climb is still very near to yesterday’s lows. Spot gold XAUUSD hit yesterday’s low

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  • Gold

    Gold Takes Rangebound Movement in Response to Dollar’s Momentum

    Gold price moved uptrend on early Thursday market hours as the dollar eased after U.S. President Donald Trump and European Commission President Jean-Claude Juncker agreed to work towards eliminating trade barriers, easing immediate concerns about global trade tensions. However in early European session gold saw all early gains erased as

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  • US-EU Talks

    Gold Holds Steady above $1225 Ahead of US-EU Trade Talks

    The spot gold XAUUSD is currently trading at $1227.24 with 0.22% increase in value while U.S. gold futures for August delivery were at $1227.60 with 0.17% increase in value. The dollar index which measures the greenback against a basket of six major currencies is trading 0.10% lower at 94.514.A meeting

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  • Aussie CPI

    Aussie CPI Misses Forecast, API Reports Bigger Than Expected Gasoline Inventories Draw

    The AUD/USD is trading lower early Wednesday following a weaker-than-expected consumer inflation report. Additionally, a late session U.S. private industry report is helping to underpin U.S. West Texas Intermediate and international benchmark Brent crude oil.Australia’s second quarter consumer price inflation (CPI) came in lower-than-expected. According to the Australian Bureau of

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  • Gold and Silver

    Precious Metals Move Down as Dollar Grows Stronger With Rise in Treasury Yields

    US Gold Futures for August’18 delivery is at $1219.50 with 0.49% decrease in value.  The dollar index DXY which measures the greenback against a basket of six major currencies is currently at 94.44 after it hit a one-year high of 95.652 last week. The dollar ticked up slightly on Tuesday,

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  • Iran VS US

    Iran-U.S. Tension Headline Could Be a Bull Trap

    Crude oil is trading higher on Monday, but is it really being driven higher by the launching of “an offensive of speeches and online communications meant to foment unrest and help pressure Iran to end its nuclear program and its support of militant groups?” Or is the start of a

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  • Oil Rises

    Oil Rises as Trump Sends a Threat to Iran, US Dollar Trading Under Pressure

    The U.S. dollar was seen weakening on Friday after the U.S. President Trump commented about the currency’s strength. Trump said that China and the EU, among other countries were manipulating their currencies and interest rates lower. He also said that the U.S. was hiking interest rates while the dollar gets

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  • Gold and USD

    Gold Price Declines despite Weak US Greenback

    As the trading session progressed, the US dollar’s weakness had less impact on precious metals which resulted in Gold price seeing a steady decline across Asian market hours. Spot Gold XAUUSD is currently trading at $1228.10 with 0.10% decrease in value. U.S. gold futures for August delivery were 0.1 percent

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