Commodities

Gold Its been a rather muted week for the yellow metal. Following moves in both directions, gold is trading roughly flat on the week as of writing. In the absence of any key US data, there has been limited movement in the USD, which is… Read More

Gold The yellow metal ended the week lower ultimately as the US dollar managed to rebound on stronger than expected data late in the week. Gold had initially been higher on the week as the USD came under pressure following weaker than… Read More

Crude Inventories Rise The latest data from the Energy Information Administration showed an unexpected decrease in US crude stores. Over the week ending January 10th, US crude inventories were lower by 2.5 million barrels. This… Read More

Inventories Climb Crude prices have moved sharply lower into the back end of the week following the latest report from the Energy Information Administration. Despite the API reporting a large build in US crude stores, the EIA showed that… Read More

The markets have been encouraged recently by positive progress in the US-China negotiations. However, the unexpected outbreak of aggression between the US and Iran threatens to undermine risk appetite. US-China Trade Developments… Read More

Gold The yellow metal has had a strong start to the first week of 2020. Prices broke out above the 1522.75 level for the first time since September 2019. The move came on the back of a slide lower in both USD and US equities in response… Read More

The weekly crude oil inventories report is delayed this week due to the New Year’s Day holiday. So, the report will be released tomorrow instead of the usual Wednesday release date. Last week, the EIA reported a 5.5 million barrel… Read More

Gold Its been an unusually quiet week for gold prices following the large move over the prior week in response to news of the US-China trade deal. With the two sides agreeing on the phase-one trade deal, risk sentiment has been much… Read More

Inventories Rise Despite API Report Its been another solid week for crude oil which was driven higher again by a bullish report from the Energy Information Administration. There had been some jitters earlier in the week due to a release… Read More

Gold The yellow metal was initially higher over the week on continuing market jitters ahead of a potential US-China trade deal. This combined with a weakened US dollar to help lift price. Into the middle of the week, traders still had… Read More