Commodities

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

Crude oil prices were knocked sharply lower this week in response to the latest report from the Energy Information Administration. The EIA showed that in the week ending December 6th, US crude stores rose by 800k barrels. This was in… Read More

Gold The yellow metal was higher this week, driven by a surge in safe-haven demand as rising fears over the health of the US/China trade negotiations saw equities heavily lower. News that the US had passed legislation offering support to… Read More

Gold The yellow metal has been lower over the course of this week’s trading as better risk sentiment has seen diminished safe-haven flows. Gold prices have been trending lower for a few weeks now as expectations of a US/China trade deal… Read More

EIA Reports Further Inventories Build In its latest report, the Energy Information Administration reported yet another rise in US crude stores. The report noted that in the week ending November 22nd, US crude stores were higher by… Read More

Gold and silver moved up hand-in-hand until Wednesday. The precious metals were being heavily influenced by macroeconomics, more so than geopolitics, closer to the second half of the week. On Thursday and intraday Friday, silver holds a… Read More