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Oil prices are on the rebound on the perception that yesterday’s sell-off was overdone. The sell-off was attributed to the rising dollar as well as concerns that new strains of the COVID-19...
XAU/USD traded lower this week, after hitting the key resistance barrier of 1834, which stopped the metal from moving higher on July 15, 29, and Aug. 4. Overall, the metal remains below the downside...
Gold Spot broke strong support at 1814/11 with stops below 1808 activated. Gold fell further to 1792.Silver Spot shorts at strong resistance at 2487/94 hit strong support at 2535/25 for profit...
Once again, analysts have to step up to the plate to make sense of an inane selloff in gold, when the yellow metal’s prices should be exploding after the abysmal US jobs report for August.In the...
Oil falls on stronger US DollarIt was a tough night for commodities in general overnight. Base metals fell, with aluminum giving back much of its Guinea gains. With New Yorkers concerned about US...
The natural gas supply was disrupted after Hurricane Ida forced energy companies in the Gulf of Mexico to shut nearly all of the oil and gas production in the region for much of the week, which...
After a disappointing nonfarm payrolls report if the Fed postpones the tapering announcement considerably, gold might be able to rally for longer.They say that September is a good time for gold....
Oil prices are on the defensive as a huge miss on the Friday jobs report is raising more questions about the direction the country is headed under Joe Biden. The government on Friday said the economy...
Gold Spot dips from resistance at 1831/33 to hold first support at 1818/16.Silver Spot l holds strong resistance at 2487/94. WTI Crude OCTOBER longs at best support at 6860/40 are working so far. We...
After weeks of rallies, gold, oil and natural gas enter an inflection phase as the dollar's downward move might pause after its recent battering.The greenback was trying to claw to steady ground in...
Metals were higher after US jobs data on Friday as speculators assume that tapering will be delayed, which can bring metals even higher. We see silver moving nicely to the upside, acting very...
"Has the S&P crashed yet?" Such query has been woven into a bevy of recent editions of The Gold Update. As penned two missives back: "The stock market crash really is coming; we just don't know...
Natural Gas futures on the Nymex had a volatile week before closing 3% higher than the previous one at $4.69. EIA confirmed on Thursday a rather bullish build of only 20 Bcf in working underground...
Will this September be one to remember in the markets? It is often characterized by rising volatility heading into the fall. September also often ushers in a period of seasonal strength for precious...
The past 15 years or so have seen natural gas mired in a down-trend. But natural gas prices are perking up. This has given life to the United States Natural Gas Fund (NYSE:UNG). Today’s chart...