Commodities News

December Comex Gold futures are trading unchanged at $1145.60. Volume and volatility are both below average and the market is trading inside Friday’s tight range as well as Thursday’s wide range. The lack of fresh economic news is helping to hold the market in a range. Earlier in the session,

Gold prices turned down to trade at 1146.00 giving back $7.80 in the morning session. The US dollar gained 38 points to 96.48 after Janet Yellen turned up the volume on interest rate increases in 2015. Yellen more or less assured the markets that she would push for an increase

Crude oil remains in a fragile state bouncing up and down on inventory, supply, demand and production but all in all the commodity is making very little headway.  Gains here and losses there WTI remains tied to the $45.00 price level which is well below the high touched when Russia

December Comex Gold prices surged a little over 2.00% to $1156.40, as the U.S. Dollar eased after fresh economic data showed durable goods fell 2.00% in August. The drop in durable goods and the rally in gold suggests that investors are increasing bets the Fed may have to postpone its

Crude oil recovered 32 cents in the Asian session as Japanese traders return from a few days on holiday. Crude is back below the $45 price at 44.80 and Brent oil is at 48.03 disappointing traders who thought that prices would surge above the $50 range.  Yesterday, the weekly EIA

Copper remains near its recent bottom with no hopes at the moment. Copper is trading at 2.302 well below its average trading range. Demand for copper seems to be easing as Chinese data continues to disappoint, not even helped by the closure of the Glencore mines. The strength of the

December Comex Gold futures posted a solid gain on Wednesday after trading lower earlier in the session. Traders initially sold gold after the release of China’s bearish manufacturing PMI report because of a stronger U.S. Dollar. Global equity market initially sold off on the news, sending investors into the safety

Crude oil futures dipped slightly on Wednesday after the market retreated from earlier gains, following the release of a bearish Chinese manufacturing report. Prices crept up in early Asian trading, buoyed by a friendly American Petroleum Institute report that showed U.S. stockpiles fell more than expected. According to the API,

Crude oil is trading at 46.36 declining 60 cents in the morning session. Brent oil declined 10 cent to 48.44 with the spread narrowing to just about $2.00 signaling traders of a market imbalance.  The dip in prices came after oil rallied on Monday, with U.S crude surging more than

You would have thought that just a few days after the Federal Reserve decision that the markets would be ready to move on, but no traders remain stuck in place now trying to decide what the Federal Reserve will do at its October meeting. Speculators have become so one sided

Asian traders bought up the cheaper commodity in the morning session giving crude oil a small bump adding 33 cents and are currently trading at 45.35. At the end of last week Brent oil took a significant hit falling over $1.30 to trade at 47.75. The spread has narrowed to

Crude oil prices are down 10 cents in the morning session, gaining little benefit from the harsh fall of the US dollar. Crude oil is trading at 46.80 while Brent oil is holding flat at 49.17 unable to break the $50 level.  Global oil fell Thursday, resuming their slide after

Gold continued to gain in Friday’s Asian session. The shiny metal added $10.70 to trade at 1127.70 touching yesterday’s high after the Fed decision. Silver followed gold to trade at 15.065 while platinum dropped over $10 to 974.10. Gold rose to a two-week high on Thursday after the Federal Reserve

Crude oil held on to Wednesday gains and is trading flat this morning at 47.15 while Brent oil gave back a few cents to hold at 49.83. The spread is now less than $3 which is keeping traders on edge. The narrow spread indicates that we should see a market

Crude oil prices remain below the $45 price level to trade at 44.87 as traders review the weekly bullish API inventory report released after markets closed on Tuesday.  The American Petroleum Institute released the weekly crude oil stocks report after trading on September 14, 2015. Last week, the US crude

Gold climbed $1.70 to trade at 1104.30 recovering some of Tuesday’s losses as Asian traders take advantage of the dip to buy up the cheaper commodity. Gold has been holding in a range between 1108-1100 for the past week as traders are focus on the Federal Reserve. The Fed’s isolation

Oil continued to decline on Monday showing little response to comments from Iran and also a new OPEC report. Oil is trading in the red at 44.25 down by 37 cents while Brent oil matches the losses to trade at 48.33. On Tuesday morning oil recovered a few points to

Will Gold Continue to Fall? Over the last year, gold markets have had a very difficult time in gaining bullish momentum.  There are a few different reasons for why this has occurred.  Stock markets have rallied (garnering most of the market’s attention), and this has lifted sentiment at the expense

December Comex Gold futures are on track Friday to finish the week lower as investors positioned themselves against a possible interest rate hike by the U.S. Federal Reserve on September 17.  The Fed is set to begin a two-day policy meeting on Wednesday, during which they will decide whether to

Gold added $1.70 in the Asian session to trade at 1111.00 remaining well below its monthly trading average. Traders seem unsure of what to make ahead of the Federal Reserve meeting next week. The odds continue to shuffle between an increase or a delay. No one knows for sure. Gold