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Oil prices have been hitting five-month highs, and every trading session has been rising since 27 March. The price of a barrel of WTI reached $84.6 at the start of the day on Tuesday before retreating...
In a recent report, Goldman Sachs highlights the potential for commodities to rally when interest rates decline. This insight is particularly relevant now, as a number of major financial institutions...
On analyzing the gold futures in the daily chart, I find the exacerbated movements amid growing bullish sentiments for an interest-rate cut by the Fed in its June 2024 meeting.The Fed signaled that...
Oil and commodities are on fire with gold hitting a new all-time high and copper soaring after China’s manufacturing data hit a six-month high.China’s purchasing managers index rose to...
Gold surged to a fresh high this week, while silver also closed positively despite the US dollar strength. Factors like inflation concerns and anticipated Fed rate cuts are bolstering precious...
Gold closed last week at another new all-time high in convincing fashion on the daily, weekly, monthly and quarterly charts. The near-term upside targets remain $2350 and $2500.The sooner Gold can...
What does it say that the Biden administration is starting to buy oil back for the Strategic Petroleum Reserve (SPR) above their stated $70.00 to $67.00 a barrel buying price, purchasing oil at $81.32...
Central Banks had a big impact on gold and silver last week. Gold futures have made new highs - and traders should watch out for a potential correction because of PCE, GDP data. Meanwhile, silver...
Greg Weldon analyzes the most recent developments in the economy and why we are headed for stagflation. He also analyzes Fed Policy, Gold against the Stock Market, Gold Miners, Juniors and Silver.
Another attempt, another failure. Let’s start today’s analysis by quoting the last article on black gold: (…) light crude climbed to an intraday high of $82.48 and approached the...
As the market prepares for the upcoming Easter holiday and with the oil market closed on Good Friday, a shocking build in crude supply might be a bit hard to shake off. The American Petroleum...
Gold breached the $2200 mark for the second time in history on Tuesday before retreating to $2182 in early US trading. Cryptocurrencies are trading in the same direction as gold today, but silver,...
More mainstream analysts are “tuning in” to gold by the day. They are noting the incredible resiliency of this mightiest of metals during the recent rate-hiking frenzy.Is China...
Cocoa prices have skyrocketed in recent months due to a combination of poor harvests in key producing regions of Africa and increased speculation in the futures market.Cocoa Prices Have Skyrocketed in...