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By Mike Gleason As the Federal Reserve begins to back off on tightening, the U.S. dollar is becoming increasingly vulnerable to selling.The Fed left its benchmark interest rate unchanged at just above...
Oil is still struggling as it doubts that we can avoid a recession, but it is getting support from the ECB which unlike the Fed refuses to pause on hiking interest rates. The European Central Bank...
In a game-changing turn of events, the FOMC meeting shattered hopes of a quick, dovish U-turn as the Fed announced the possibility of raising rates twice this year.Yesterday’s FOMC and the...
Oil volatile near lowsOil prices remain volatile after inventory data published by EIA reported a substantial 7.9 million barrel build last week. Brent saw its gains on the day wiped out while WTI...
By Jon Forrest Little As gold continues to hold its own this week in the midst of the Fed's so-called “hawkish pause,” it's a good time to reflect on the things the naysayers have been...
One of the reasons given for oil’s underwhelming performance as of late is the talk of a slowdown in the Chinese economy after the post-covid pop. And while we have seen mixed data out of China,...
Except for the South, typical heat for this time of year eludes many parts of U.S. Demand for gas-powered cooling has accordingly been lower Analysts caution that both weather and gas production...
Tehran's embassy opening in Riyadh is unlikely to impact Saudi Arabia, OPEC, or oil policies. Still, rapprochement between the two countries could facilitate U.S. negotiations, potentially affecting...
Rick Rule, legendary resource investor and speculator discusses his specific process and criteria for evaluating gold and silver companies and all resource companies.Among other things, Rick details...
Gold prices fell sharply and erased intraday gains following the Federal Reserve's decision to skip a rate hike on Wednesday.At the time of writing, the spot price, XAU/USD, is trading at the $1,945...
The oil market is in a state of flux, with OPEC maintaining its demand predictions, the International Energy Agency (IEA) forecasting a peak in oil demand, and oil prices responding to various global...
Note: The commentary below was published by Kinesis Money. It also was the opening commentary in my latest issue of the Mining Stock Journal.In my opinion, the precious metals sector is beginning to...
Today’s US CPI has likely sealed the deal for a “hawkish hold” from the Fed on Wednesday. Traders will nonetheless scrutinize the central bank’s economic projections and...
Oil Bounces Back Amid More Favourable DevelopmentsOil prices are staging a comeback today, perhaps buoyed by the softer inflation data which may open the door to the end of the Fed’s tightening...
The oil market is responding to global economic signals, production cuts, and wildfires in Canada, leading to fluctuations in oil prices.Oil Prices and Global Economic SignalsOil prices have been...