Browsing Tag

iron

Weekly Metals Wrap

Gold Gold prices were softer this week, but only just, managing to rally up off initial lows on the week as the US Dollar traded lower. The weakness in USD came in response to a report that President Trump told the Wall Street Journal he… 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 The yellow metal was lower once again this week, printing its fifth consecutive losing week, as the US Dollar climbed higher on global geopolitical tensions. With the Fed having reaffirmed its commitment to continuing its tightening… 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 collapsed lower this week due to the much stronger US Dollar which rose to an 11-month high this week. Despite broader concerns for the US economic outlook in the wake of continued trade tensions with China, investors… 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