Breaking News

Commodities And Cryptos: Oil Price Volatility, Gold Slightly Higher, Bitcoin Eases

By MarketPulse (Ed Moya)Market OverviewOct 13, 2021 01:56AM ET

www.investing.com/analysis/commodities-and-cryptos-oil-price-volatility-gold-slightly-higher-bitcoin-eases-200604877/

By MarketPulse (Ed Moya) | Oct 13, 2021 01:56AM ET

Saved. See Saved Items.

This article has already been saved in your Saved Items

XAU/USD

+0.24%

Add to/Remove from Watchlist

Gold

+0.30%

Add to/Remove from Watchlist

LCO

+0.42%

Add to/Remove from Watchlist

+0.11%

Add to/Remove from Watchlist

US10Y...

-0.13%

Add to/Remove from Watchlist

BTC/USD

-1.41%

Add to/Remove from Watchlist

Oil
Oil price volatility remained elevated as investors await to see how the global energy crisis unfolds. A cold winter would mean the oil deficit will only get worse. WTI crude tentatively fell below the $80 level on reports that Iran nuclear negotiations could begin as soon as this week.

The oil market has put Iran on the backburner, but given the brewing energy crisis, Iran’s ability to ramp up production could easily save Europe if it has a cold winter. Both sides have added motivation since the talks stalled in June. If progress is made after several weeks of talks, a revival or the Iran nuclear deal could immediately bring Brent back towards the mid-$70s.

Crude prices turned positive after reports that Mexico’s Tula refinery has been offline since late September over protests. The focus over the next 24 hours will be on US stockpiles, which have been increasing. A surprise draw could easily send WTI crude back above the $82 level.

Gold

Gold prices rallied as Treasury yields declined after a wrath of Fed speak and the NY Fed survey suggested inflation pressures remain intense but won’t lead to an immediate rate liftoff. Gold was also seeing some safe-haven flows from elevated Chinese risks. Beijing is not done with their crackdowns, further weakness in the property sector is expected, and tensions will increase as the world’s two largest economies resume trade talks.

Wall Street was nervous that this earnings season will completely fuel fears that inflation will threaten the global economic recovery. Gold’s best environment is to see steady safe-haven flows on modest growth concerns. A new global financial crisis spurred by inflation would lead to panic selling and not be positive for bullion. Gold will likely consolidate ahead of today's inflation data should pricing pressures remain elevated.

Bitcoin

Bitcoin’s run towards record territory was taking a breather. Cryptocurrency headlines continued to be mostly bullish and supported the idea that the entire space could still see tremendous growth. Easing regulatory fears, an expected Bitcoin ETF approval from the SEC have been the bullish catalysts while brewing pressure to address the massive amount of energy consumed to process mining will likely become a headwind.

Bitcoin’s reaction to the SEC decision over an ETF will be key in the short-term and likely lead to an extended consolidation until the potential Oct. 18 deadline.

Original Post

Comments (1)

Why Commodities, Real Estate and TIPS Profit From High Inflation By Timothy Fries - Apr 26, 2024

In Q1 2024, the US crossed the historic milestone of paying over $1 trillion on interest payments. As a consequence of an unprecedented $5 trillion money supply boost since 2020,...

Longer-Term Disinflationary Trend Could Still Be on Track Despite Hot... By James Picerno - Apr 26, 2024 6

Yesterday’s first-quarter GDP report delivered a one-two punch for markets: slower-than-expected growth and hotter-than-expected inflation. In reaction, stocks fell and US...

Retail Sales Data Suggests Strong Consumer in the Face of Inflation -... By Lance Roberts - Apr 26, 2024 6

The latest retail sales data suggests a robust consumer, leading economists to become even more optimistic about more robust economic growth this year. To wit: “It has been...

Add a Comment

We encourage you to use comments to engage with other users, share your perspective and ask questions of authors and each other. However, in order to maintain the high level of discourse we’ve all come to value and expect, please keep the following criteria in mind:

Enrich the conversation, don’t trash it.
Stay focused and on track. Only post material that’s relevant to the topic being discussed.
Be respectful. Even negative opinions can be framed positively and diplomatically. Avoid profanity, slander or personal attacks directed at an author or another user. Racism, sexism and other forms of discrimination will not be tolerated.
Use standard writing style. Include punctuation and upper and lower cases. Comments that are written in all caps and contain excessive use of symbols will be removed.
NOTE: Spam and/or promotional messages and comments containing links will be removed. Phone numbers, email addresses, links to personal or business websites, Skype/Telegram/WhatsApp etc. addresses (including links to groups) will also be removed; self-promotional material or business-related solicitations or PR (ie, contact me for signals/advice etc.), and/or any other comment that contains personal contact specifcs or advertising will be removed as well. In addition, any of the above-mentioned violations may result in suspension of your account.
Doxxing. We do not allow any sharing of private or personal contact or other information about any individual or organization. This will result in immediate suspension of the commentor and his or her account.
Don’t monopolize the conversation. We appreciate passion and conviction, but we also strongly believe in giving everyone a chance to air their point of view. Therefore, in addition to civil interaction, we expect commenters to offer their opinions succinctly and thoughtfully, but not so repeatedly that others are annoyed or offended. If we receive complaints about individuals who take over a thread or forum, we reserve the right to ban them from the site, without recourse.
Only English comments will be allowed.
Any comment you publish, together with your investing.com profile, will be public on investing.com and may be indexed and available through third party search engines, such as Google.

Perpetrators of spam or abuse will be deleted from the site and prohibited from future registration at Investing.com’s discretion.

I have read Investing.com's comments guidelines and agree to the terms described.

I Agree

Write your thoughts here

Are you sure you want to delete this chart?

Delete Cancel

Post

Post also to:

Replace the attached chart with a new chart ?

Replace Cancel

1000

Comment Guidelines

Your ability to comment is currently suspended due to negative user reports. Your status will be reviewed by our moderators.

Please wait a minute before you try to comment again.

Thanks for your comment. Please note that all comments are pending until approved by our moderators. It may therefore take some time before it appears on our website.

Comments (1)

hamid reza binandeh Oct 13, 2021 6:22PM ET

Follow this post

Unfollow this post

Save

Saved. See Saved Items.

This comment has already been saved in your Saved Items

Block User

thank you ser

0 0

Report

<div id="comment">
				<div class="comment js-comment" data-comment-id="{commentID}" id="comment-{commentID}" data-user-id="221672618">
    <div class="mainComment js-content">
       <div class="commentInnerWrapper">
        <a href="{userLink}" class="js-user-link"><img src="{userImage}" width="33" height="33" alt="{usernameAlt}" class="img" onerror="this.src='https://i-invdn-com.investing.com/defaultUserMaleTmp.png';"></a><div class="commentBody">
                					<span class="commentUsername">
                    	<a href="{userLink}" class="js-user-link js-user-name">{username}</a>
					</span>
                                <span class="js-date" comment-date="{dateFormat}" comment-date-formatted="{dateFormatted}" title="{dateTitle}">Just Now</span>
                <div class="commentDropDown js-commentDropDownWrapper " data-user-id="221672618" data-cid="{commentID}">
	<a href="javascript:void(0);" class="threeDotsIconSmall js-thinDropdownArrow"></a>
	<div class="tooltipPopup commentActionsPop noHeader js-commentDropDownOptions displayNone">
		<div class="addRow js-option share">
			<a href="javascript:void(0);" class="js-commentSharePopup" data-cid="{commentID}" data-curl="{commentLink}"><span class="smallShareIcon middle"></span>Share</a>
		</div>

<div class="js-option addRow follow">
            <div class="js-follow-post-button" data-reg_ep="follow comment">
                <span class="alertfollowIcon middle"></span>Follow this post            </div>
            <div class="js-unfollow-post-button displayNoneImp">
                <span class="alertUnfollowIcon middle"></span>Unfollow this post            </div>
        </div>

<div class="addRow js-option save"  data-reg_ep="save comment">
		<a href="javascript:void(0);" class="js-save-item-btn" data-item-type="comments" data-item-id="{commentID}">
			<i class="saveItemBigIcon middle"></i>
			Save		</a>
	</div>
	<div class="addRow saveItemsConfirmation noHover displayNone js-saveItemResult">
		
<div class="content js-saveItemSuccess displayNone">
	<span class="mediumGreenSuccessIcon"></span><span>Saved. See <a href="/members-admin/saved-items" target="_blank">Saved Items</a>.</span>
	<a href="javascript:void(0);" class="bugCloseIcon js-close"></a>
</div>
<div class="content js-saveItemAlreadySaved saveItemAlreadySaved displayNoneImp">
	<span>This comment has already been saved in your <a href="/members-admin/saved-items" target="_blank">Saved Items</a></span>
	<a href="javascript:void(0);" class="bugCloseIcon js-close"></a>
</div>
	</div>

<div class="addRow js-option blockUser js-block-option" data-comment-id="{commentID}"  data-user-id="221672618" data-reg_ep="block user comments">
			<a href="javascript:void(0);">
				<span class="blockIcon middle"></span>Block User			</a>
		</div>
				<div class="addRow shareButtons js-sharePopup displayNone">
			<div class="js-shareComment"><span class="js-shareCommentSpan"></span></div>
		</div>
	</div>
</div>
                 <div class="commentAuthor js-comment-by-author"><span class="commentAuthorIcon"></span>Author's response</div>             </div>
		<div id="commentText-{commentID}" class="js-text-wrapper commentText withImage">
							<div id="commentBigChart{commentID}" class="commentBigChart js-comment-chart" onclick="openViewChartPopup('{commentID}')">
					<img src="https://d1-invdn-com.investing.com/comments_images/{commentImage}" alt="{commentAlt}">
					<i class="newMagnifyChartIcon"></i>
				</div>
						<span class="js-text">{commentContent}</span>
			<div class="clear"></div>
							<div class="commentButtons js-not-master-user">
					<a href="javascript:void(0)" class="reply js-reply-btn" data-real-parent-id="{commentID}" data-to-user-name="{username}" data-to-user-id="221672618">Reply</a>
					<div class="inlineblock likeDislikeBox js-like-dislike-box" data-item-id="{commentID}">
	<input class="js-like-checkbox" type="checkbox" name="option" value="Yes" id="like_{commentID}">
	<label for="like_{commentID}" class="like" title="I agree"></label>
	<span class="numOfLikes js-like-count lighterGrayFont">0</span>
	<input class="js-dislike-checkbox" type="checkbox" name="option" value="No" id="dislike_{commentID}">
	<label for="dislike_{commentID}" class="dislike" title="I disagree"></label>
	<span class="numOfDislikes js-dislike-count lighterGrayFont">0</span>
</div>

<div class="reportComment js-flag float_lang_base_2">
                            <a href="javascript:void(0);" id="commentFlag_{commentID}">
                                <span class="reportCommentIcon middle"></span><span class="inlineblock middle">Report</span>
                            </a>
                        </div>
                    				</div>
					</div>
	   </div>
	</div>
	</div>			</div>
			<div id="reply">
				
    <div class="commentReply js-comment js-comment-reply" data-comment-id="{commentID}" id="comment-{commentID}" data-user-id="">
		<div class="commentInnerWrapper"><a href="{userLink}" class="js-user-link"><img src="{userImage}" width="33" height="33" alt="{usernameAlt}" class="img" onerror="this.src='https://i-invdn-com.investing.com/defaultUserMaleTmp.png';"></a><div class="commentBody js-content">
            				<span class="commentUsername">
					<a href="{userLink}" class="commentUsername js-user-link js-user-name" onMouseOver="">{username}</a>
				</span>
                        <span class="js-date" comment-date="{dateFormat}" comment-date-formatted="{dateFormatted}" title="{dateTitle}">Just Now</span>
			 <div class="commentAuthor js-comment-by-author"><span class="commentAuthorIcon"></span>Author's response</div> 			<div class="commentDropDown js-commentDropDownWrapper " data-user-id="" data-cid="{commentID}">
	<a href="javascript:void(0);" class="threeDotsIconSmall js-thinDropdownArrow"></a>
	<div class="tooltipPopup commentActionsPop noHeader js-commentDropDownOptions displayNone">
		<div class="addRow js-option share">
			<a href="javascript:void(0);" class="js-commentSharePopup" data-cid="{commentID}" data-curl="{commentLink}"><span class="smallShareIcon middle"></span>Share</a>
		</div>

</div>
		<div id="commentText-{commentID}" class="js-text-wrapper commentText withImage">
							<div id="commentBigChart{commentID}" class="replyBigChart displayNone js-comment-chart">
					<img src="https://d1-invdn-com.investing.com/comments_images/{commentImage}" alt="{commentAlt}">
					<i class="newMagnifyChartIcon"></i>
				</div>
				<span id="commentSmallChart{commentID}" class="commentSmallChart pointer js-comment-chart" onclick="openViewChartPopup('{commentID}')">
                    <img src="https://d1-invdn-com.investing.com/comments_images/{commentImageSmall}" width="116" height="52" alt="{commentAlt}">
                    <span class="chartMagnifyOverlay displayNone"></span>
                    <span class="searchGlassIcon chartMagnify displayNone"></span>
                </span>
						<span class="js-text">{commentContent}</span>
			<div class="clear"></div>
							<div class="commentButtons js-not-master-user">
					<a href="javascript:void(0)" class="reply js-reply-btn" data-real-parent-id="{commentID}" data-to-user-name="{username}" data-to-user-id="">Reply</a>
					<div class="inlineblock likeDislikeBox js-like-dislike-box" data-item-id="{commentID}">
	<input class="js-like-checkbox" type="checkbox" name="option" value="Yes" id="like_{commentID}">
	<label for="like_{commentID}" class="like" title="I agree"></label>
	<span class="numOfLikes js-like-count lighterGrayFont">0</span>
	<input class="js-dislike-checkbox" type="checkbox" name="option" value="No" id="dislike_{commentID}">
	<label for="dislike_{commentID}" class="dislike" title="I disagree"></label>
	<span class="numOfDislikes js-dislike-count lighterGrayFont">0</span>
</div>

Are you sure you want to delete this chart?

Delete Cancel

Post

Replace the attached chart with a new chart ?

Replace Cancel

1000

Comment Guidelines

Your ability to comment is currently suspended due to negative user reports. Your status will be reviewed by our moderators.

Please wait a minute before you try to comment again.

I feel that this comment is:

Spam

Offensive

Thank You!

Your report has been sent to our moderators for review

More Categories

1D1W1M6M1Y5YMax

US 30	38,261.5	+175.7	+0.46%
US 500	5,099.6	+51.2	+1.01%
Dow Jones	38,239.66	+153.86	+0.40%
S&P 500	5,099.96	+51.54	+1.02%
Nasdaq	15,927.90	+316.14	+2.03%
S&P 500 VIX	15.03	-0.34	-2.21%
Dollar Index	105.955	+0.504	+0.48%

Crude Oil WTI	83.66	+0.09	+0.11%
Brent Oil	89.38	+0.37	+0.42%
Natural Gas	2.285	-0.057	-2.43%
Gold	2,349.60	+7.10	+0.30%
Silver	27.380	-0.122	-0.44%
Copper	4.5750	+0.0575	+1.27%
US Soybeans	1,159.25	-3.50	-0.30%

U.S. 10Y	4.663	-0.006	-0.13%
U.S. 30Y	4.777	-0.005	-0.12%
U.S. 5Y	4.687	-0.005	-0.11%
U.S. 3M	5.411	+0.017	+0.32%
US 10Y T-Note	107.58	+0.22	+0.20%
Euro Bund	130.22	+0.44	+0.34%
10-2 Yield Spread	-29.77	-1.26	4.42%

Apple	169.30	-0.59	-0.35%
Alphabet A	171.95	+15.95	+10.22%
Tesla	168.29	-1.89	-1.11%
Amazon.com	179.62	+5.95	+3.43%
Netflix	561.23	-3.57	-0.63%
Meta Platforms	443.29	+1.91	+0.43%
Bank of America	37.82	-0.09	-0.24%

	Interest Rates	Next Meeting
FED	5.50%	May 01, 2024
ECB	4.50%	Jun 06, 2024
BOE	5.25%	May 09, 2024
SNB	1.50%	Jun 20, 2024
RBA	4.35%	May 07, 2024
BOC	5.00%	Jun 05, 2024
RBNZ	5.50%	May 22, 2024
BOJ	0.10%	Apr 26, 2024
CBR	16.00%	Apr 26, 2024
RBI	6.50%	Jun 07, 2024
PBOC	3.45%
BCB	10.75%	May 08, 2024

Commodities And Cryptos: Oil Price Volatility, Gold Slightly Higher, Bitcoin Eases

Gold

Bitcoin

Related Articles