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Commodities Wrap

Weekly Metals Wrap

Gold Gold prices remained stable this week, posting a second consecutive positive week after weeks of heavy selling took gold down to levels not seen since summer 2017. The weakness comes despite a weaker US Dollar which remains soft in… Read More

Weekly Commodities Wrap

Gold The yellow metal was able to post a minor recovery this week in response to a weaker US Dollar, which posted its second consecutive weekly loss. The fall in the US Dollar comes on the back of President Trump’s comments regarding the… Read More

Weekly Commodities Wrap

Gold The yellow metal fell to a fresh nineteen month low this week before posting a mild recovery later in the week as the US Dollar conceded some of its recent gains. The pullback in USD is attributed to news of talks between the US and… Read More

Weekly Commodities Wrap

Gold Gold prices extended their declines this week having printed just one positive weekly session out of the last seventh as the US Dollar rally continues to build. The market took its cues this week from a lacklustre ECB meeting which… Read More

Weekly Commodities Wrap

Gold The yellow metal cratered to fresh 12 month lows this week as a resurgent US Dollar and cascading oil prices combined to shunt the safe haven metal lower. The US Dollar has been rallying firmly this week in response to Fed chairman… Read More

Weekly Commodities Wrap

Gold After suffering consecutive weeks of declines over the last month, the yellow metal was able to rebound higher this week as safe haven inflows saw steady demand. With the market bracing for the implementation of bilateral US/ Chinese… Read More

Weekly Commodities Wrap

Gold The yellow metal was down heavily this week as the US Dollar continues to extend its recent bull run, as the market continues to trade off US rate hike expectations. Following the Fed’s second rate hike this year and the upward… Read More

Weekly Commodities Wrap

Gold The yellow metal rose slightly this week, taking its cues from a weakened US Dollar which fell in response to the June FOMC meeting. The sell-off came despite the Fed raising rates as expected and upgrading its rate hike forecast for… Read More

Weekly Commodities Wrap

Gold Although minor, gold prices managed to post a second consecutive positive week, gaining ground as the US Dollar softened. Once again, trade tensions have come into focus, weighing on the US Dollar as the market heads toward the… Read More

Weekly Commodities Wrap

Gold Gold price cratered lower this week as the US Dollar enjoyed another week of gains as US Treasury Yield’s rose. The rally in USD came in response to the latest data showing that US retails sales rose for the second consecutive month… Read More