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Admitting you have a problem may be the first step in solving it. Yesterday, oil prices got a boost when Biden officials reportedly admitted that we could see a major oil price spike in December...
At present, oil bears seem to be ruling, as global crude oil prices have tumbled, even after OPEC+ agreed to a symbolic 100,000 bpd production cut. Recession fears, inflation and a slowdown in...
There was some growth seen in gold and mining stocks that could make investors feel optimistic. Does this upward move change anything in the medium-term bearish perspective, though?The precious metals...
The current energy uptrend started with the Russian invasion of Ukraine on February 24, 2022, and looks ready to end soon as the G7 nations have agreed on Friday to cap Russian oil prices.Undoubtedly...
The US economy generated 315,000 jobs in August, but the unemployment rate increased. What does it imply for the gold market?Powell, we could have a problem! According to the BLS, the U.S....
What are the macroeconomic, geopolitical and technical factors driving oil prices this week?Despite Saudi-led OPEC+ output cuts, black gold has walked down the stairs to re-explore the lower floor...
The broader strength seen in the U.S. Dollar has weighed heavily on the commodities complex, whilst Chinese demand concerns are certainly not helping. For oil, we will need to keep an eye on OPEC+ and...
Oil broke a major support line on Wednesday, falling to its lowest since January. The significance of the breakout is further underlined by its strength, with an intraday drop of more than 6%.Oil...
Cheniere LNG crisis cancels out misguided rally sparked by Freeport LNG Magnitude of plunge makes market technically oversold 54 billion cubic feet U.S. storage build forecast It...
Oil prices rebounded slightly on Thursday, up almost 1%, after collapsing more than 5% a day earlier on renewed global growth concerns.With policymakers worldwide still hawkish on interest rates, most...
There’s an old saying in trading that crude oil bulls should be keep top of mind this week: If a market can’t rally on good news, it’s likely headed much lower.On Monday, OPEC+...
Jordan Roy-Byrne, Founder and Editor of The Daily Gold, joins us to discuss the technical and macroeconomic reasons why gold is not setup for a 2013 style massive capitulation in either the amount of...
Gold has to move out of extremely oversold territory to recapture $1,800 levels Dollar Index has to correct to 104.50 from current 20-year high of 110.69 10-Year Treasury note has to soften to 2.5%...
It’s not just the resolve of Japan’s Ministry of Finance that’s being tested by the markets at the moment, with oil prices trading not far from their late summer lows despite the...