Commodities

Both gold and silver are continuing to soar this week. Today's losses are owed partially to profit-taking, and partially to headlines that the US and China are going to meet for further talks in October. Safe-haven demand for precious… Read More

Gold Following an initial break higher on the week, gold prices reversed lower to the end the week in the red. Gold this week has largely been moving along with the changes in US-China relations. We kicked off the week with China … Read More

Oil prices received an upside boost this week from the latest industry reporting which showed a further drawdown in US inventory levels. On Tuesday, the American Petroleum Institute reported a massive 11 million barrel drawdown in crude… Read More

Gold It was a lackluster week for the yellow metal this week. Sellers stepped in to take price lower from the 1522.75 level.  Gold was weighed on over the week by the rise in USD which was lifted by the July FOMC minutes. The release was… Read More

Its been another frustrating week for crude traders given the initial rally in the market, and subsequent retracement lower. Oil was boosted mid-week by the latest industry reporting which showed an unexpected drawdown in US… Read More

It’s been another solid week for the precious metal. Gold has broken higher into levels not seen since early 2013. However, there has been some volatility. Earlier in the week, prices crashed lower from testing the long term 1522.75… Read More

Turbulent Times It’s been another volatile week for the crude market as traders have seen strong moves in both directions. The market was buoyed earlier in the week by some unexpected news. Some of the goods due to be hit by new 10%… Read More

Gold It has been a big week for the yellow metal which exploded to trade its highest levels since 2010. The move was driven by the deterioration in the relationship between the US and China which took a further turn for the worse over the… Read More

It’s been a frustrating time for oil traders recently. Despite the US crude industry having been in drawdown for seven straight weeks, due to other issues, crude has been unable to rally and has moved steadily lower. The API reported a… Read More

Gold The yellow metal was initially suffering a disappointing session this week. Gold racked up a second consecutive losing week as a resurgent US dollar held the price down. The USD rally in response to the FOMC was two-fold. Firstly,… Read More