commodities

The precious metal surged ahead as it hit a new all-time high record. Gold prices rose to intraday highs of 1945.52 as it continues its bullish momentum. The gains come amid fears of economic recovery as well as more stimulus packages…
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Oil prices are trading below the 41.00 handle at the time of writing. The commodity is down over 1.5% intraday. Even a weaker USD has failed to lift oil prices higher. The declines come amid concerns of weaker demand. If oil prices close…
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Oil prices are now trading flat with the range between 41.00 and 42.00 established. After failing to breakout above the 42.00 handle, oil prices pared gains. But support at 41.00 is holding up for now. This could keep prices somewhat…
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The precious metal ended Friday above the 1900 level for the first time since 2012. Price is now about $19 away from the all-time highs in 2011. The weekly gains are also the best since March this year. The bullish momentum in gold…
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Gold The yellow metal saw an impressive rally this week, fuelled by the sell-off in the US dollar, which has seen price trading back up towards all-time highs. The dollar has come under significant selling pressure this week as concerns…
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The bullish continuation in the precious metal continues with gold rising close to one percent on Thursday. Intraday prices saw gold rising to highs of 1898.24 before pulling back. Price action is just a few dollars away from the…
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Oil prices are back trading below the 42.00 level. Price action made attempts in breaking out above this key price area. However, sellers promptly pushed prices lower. WTI Crude oil is now trading flat within the 42.00 and 41.00 levels.…
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Crude Oil Inventories Rise Crude oil prices continued to trade with very little momentum this week. The latest data from the Energy Information Administration this week have added to fears over the health of the post-lockdown recovery.…
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The precious metal is quite bullish resuming its strong uptrend. Following days of consolidation, the precious metal surged ahead, logging four consecutive sessions of gains. While price has broken past the 1850 level, it is still shy of…
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Oil prices surged ahead with the gains on Tuesday as price briefly traded above the 42.00 handle. However, failure to build upon the momentum saw prices being rejected, pushing crude oil to close below 42.00. At the time of writing,…
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