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The news for gold is becoming more positive. For example, last week’s import tax cut in India is a new pillar of support for demand and Friday’s PCE report increased the odds of a September rate cut...
Oil prices are shaky as Asian markets are selling off as investors run for cover ahead of big economic reports this week. This comes as the German GDP went into contraction with -1.0 growth as their...
Citigroup Economic Surprise Indices across the different regions (except for Latin America) on average are suggesting lackluster economic growth. US crude oil inventories (excluding SPR) are showing...
Brent broke below $80/bbl for the first time since early June as demand concerns linger Energy – Brent Tumbles Below $80/bbl Oil prices have come under further pressure as bearish sentiment has hit...
The U.S. oil and gas industry thrived under Biden, with major oil companies doubling profits and energy shares up 117%. Harris is likely to continue Biden's policies, while Trump may push for...
Oil prices have just booked their third consecutive weekly drop. Kemp: Between June 21 and July 19, commercial crude inventories in the United States fell by a total of 24 million barrels. Lingering...
This week is pivotal for gold, with key data releases and central bank meetings on tap. Fed and the July jobs report could put pressure on the US dollar, potentially benefiting gold prices. With the...
Oil is currently adding 0.6% to $76.45 per barrel WTI, but that's only half of the spurt at the start of trading after the weekend. An important technical signal is forming in oil, as it closed last...
Gold: Gold (XAU/USD) longs at 2362/57 worked perfectly on Friday hitting all targets of 2370, 2380, 2385. Another good week trading Gold last week. We were buying on Monday and Tuesday at $2390/85...
On the heels of last week’s piece “Another Gold Pop n’ Flop”, now we’ve “Gold Gets Gut-Punched Again” But be thee not at ends, dear friends. For as we’ll herein see, gold’s weekly parabolic trend...
Silver continues to lead the sector lower with another 4% decline on the week. Gold declined by 1%. The gold and silver stocks are acting reasonably well considering the technical damage in Gold and...
Gold came close to closing lower for the second week in a row, falling to $2372 per troy ounce on Friday morning, $111 below its high on July 17th.This decline occurred in two impulses, with an...
If I had a hammer, I’d hammer in the morning. I’d Hammer in the evening and after oil got hammered it might be time to buy. Oil prices got caught up in the tech wreck ignoring extremely bullish data....
The recent weakness seen in Gold (XAU/USD) is likely to be driven by US politics as the “Gold premium” has moved in synch with the betting odds of Republican nominee Trump winning the US...
Oil prices have faced challenges recently, but buying pressure prevented a drop below $80. Technical indicators suggest potential for an upward bounce, with key resistance levels to...