Commodities

Gold It’s been a volatile week for gold prices with strong moves in both directions. Prices traded up to just shy of last week’s multi-year highs, before closing back near the middle of the week’s range. Gold prices were initially… Read More

Third Straight Weekly Fall in US Crude Stores Crude prices have softened a little today following an initial rally yesterday. This was in response to the latest industry report which showed a further drawdown in US crude stores. The Energy… Read More

Gold It’s been a frustrating week for gold traders. After price broke out to the highest levels since 2013, moving above the 1432.21 multi-year high, the market has since reversed and traded back below the level. The driver behind the… Read More

Inventories Fall Again Oil prices traded higher again yesterday in response to the latest industry reporting which showed a further drawdown in US crude stores last week. The API report on Tuesday indicated such movement in inventories.… Read More

Gold Bulls React to Policy Guidance and Geopolitical risks Gold climbed above $1,400/oz today, perhaps for a false weekly break. It set up for the fourth weekly winning streak on the back of a dovish Fed and increasing geopolitical risks.… Read More

Gold The yellow metal continued to explode higher this week as weakness in the US dollar was further exacerbated by soft data. Earlier in the week, US CPI for May came in lower than projected at 1.8% vs 1.9% expected on the headline… Read More

US Oil Inventories Continue Rising Crude oil prices fell again on Wednesday on weak demand and lingering fears of an economic slowdown, the Energy Information Administration reported for the week ending June 7. US inventories continued… Read More

Crude Stores Rise Again Crude oil prices were sent crashing further lower yesterday as the latest industry reporting showed a continued build in US crude stocks. The weekly report from the Energy Information Administration showed… Read More

Smaller Than Expected Drawdown Crude oil prices crashed lower again this week as the latest report from the Energy Information Administration showed that US crude stocks fell less than expected last week. The EIA report showed a fall of… Read More

Gold The yellow metal has enjoyed a better week against the US dollar as the greenback has weakened once again. Following on from the prior FOMC meeting minutes, where some members raised the prospect of a rate hike in the remaining months… Read More