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On the final Monday of August, oil prices continue to move upwards; Brent is trading to reach $101.90 per barrel.Everything is looking relatively calm. The news published last week, such as...
A broad measure of commodities sidestepped the widespread losses found elsewhere for most of the major asset classes during the trading week through Friday, Aug. 26, based on a set of ETFs.WisdomTree...
Mantra of 'OPEC+ cuts' likely to boost crude until September 5 meeting Renewed Libya conflict, soaring European natural gas prices also help Spot gold comes under renewed pressure under $1,730 on US...
Gold Spot meets resistance at 1755/60. Silver spot tested resistance at 1915/20 with a high for the day 9 ticks above. WTI Crude reached strong resistance at 9480/9490. Remember when support is...
The Natural Gas Futures Index has had difficulty holding above 5.500 since May 2000, as shown on the following monthly chart.However, momentum (shown in histogram format for clarity) has been...
Natural Gas trading the triangleVideo Analysis:
Friday was a rough day to end what was otherwise an okay week for gold and silver. Fed Chair Jerome Powell’s hawkish comments hit all markets but most notably, did not raise rate hike...
The FOMC hiked rates by 75 basis points in July. However, the recession drums are getting louder, and gold likes such music. Another large interest rate hike! The Fed raised the federal funds rate by...
Oil prices had a sharp drop yesterday after White House Press Secretary Karine Jean-Piere said: “If it is in our best interest, the US will agree to the Iran deal.” So why did oil prices...
The link between precious metals, precious metal prices, and the economy can be traced back more than 2,000 years. Metals have been (and still are) used as money, i.e., payment in exchange for goods...
Oil Steadies Around $100Oil prices are slightly higher, with Brent hovering around $100 a barrel and WTI above $93. It’s been well supported this week by comments from Saudi Arabia Energy...
Financial markets hold their breath before Powell’s bankers’ symposium speech. What would he have to say to change the bearish outlook for gold stocks?The mood on Wall Street is relatively...
OilCrude prices initially edged higher as we get further reports that OPEC+ is seriously considering lowering production and after the latest round of US economic data and Fed speak suggests the...
According to recent PMI reports, the third quarter of 2022 could also see negative GDP growth. Will gold finally rally, then?Economic Slowdown Is Likely To IntensifyThe latest S&P Global...
What are the macroeconomic, geopolitical, and technical factors driving oil prices this week?Crude oil settled on Wednesday at its highest level in nearly a month, boosted by another...