This pointed to a greater risk appetite in the wider financial markets, reducing the dollar and making metal commodities more affordable for foreign investors. February gold futures climbed $13.20, or 0.7%, to $1,896.40 per ounce at 13:43 GMT on Monday on the New York Mercantile Exchange’s COMEX division. Gold prices are getting off a weekly …
Silver Soared On Inflation Woes, While Gold Retested $1,900 Read More »
Natural gas prices are also disappointed to take account of expectations for colder conditions, especially in Europe. The energy commodity has been trending in change territory since exceeding $3 last month, with many investors leaving hopes of a colder-than-normal winter. January natural gas futures dropped $0.191, or 6.87%, to $2.589 per million British thermal units …
Natural Gas Dropped By 7% Notwithstanding Supply Drawdown Read More »
Precious metals have been watching the state of the US COVID-19 fiscal stimulus and support package on the final trading day of the holiday-shortened week. As presently, it is a game of wait-and-see. February gold futures climbed 0.24%, or $4.50, to $1,882.60 per ounce at 17:38 GMT on Thursday on the New York Mercantile Exchange’s …
Energy prices also surged on news that the United Kingdom and the European Union struck a trade deal just days before the Brexit deadline. Supply disorders in Nigeria and France reestablishing its border to England between worries over a new strain of the COVID-19 added to higher crude prices. February West Texas Intermediate (WTI) crude …
Crop prices took another shot in the arm when the US government announced domestic inventories contracted amid expanding demand. How quickly could the agricultural commodity test $13? January soybean futures climbed $0.04, or 0.32%, to $12.515 per bushel at 17:52 GMT on Tuesday on the New York Mercantile Exchange. Soybean prices are on course for …
Soybeans Surpassed A Six-Year High On Strong Chinese Demand Read More »
The yellow metal had been wavering within positive and negative territory during the session as financial markets weigh the U.S. COVID-19 stimulus package, the new COVID-19 strain in the U.K., and a strengthening U.S. dollar. January gold futures fell $1.80, or 0.21%, to $1,884.70 per ounce at 16:49 GMT on Monday on the New York …
Gold Fights For Direction Within U.S. Fiscal Stimulus Read More »
Soybean prices rose to end the trading week on increasing foreign demand and worries about South American weather and domestic inventories. If market estimates are correct, soybean could affect the commodities growth in 2021. January soybean futures ended the Friday trading session up $0.2075, or 1.73%, to $12.22 per bushel on the Chicago Board of …
Soybean Rises To Six-Year-High On Foreign Demand Read More »
Natural gas prices also disappointed to capitalize on a major snowstorm – nor’easter – directing the northeast part of the US that could spillover south. It had been considered that natural gas would keep the momentum with these improvements. However, investors may have taken advantage of the larger prices and sold the gains. January natural …
Natural Gas Prices Drop Despite Bigger Supply Drawdown Read More »
Oil prices hit a nine-month high on Thursday in energy commodities. This came after government data showed a fall in U.S. crude stockpiles last week. Progress towards a U.S. fiscal stimulus deal and strong Asian demand also supported prices. At 0436 GMT, Brent crude futures rose 45 cents, or 0.9%, to $51.53 a barrel. U.S. …
Oil Hit a 9-month High after U.S. Crude Stock Draw Read More »
Gold rose on Wednesday morning in Asia’s precious metals. Investors were monitoring progress on U.S. stimulus measures and the Federal Reserve’s policy decision. Also sparking hopes for a quick economic recovery is the rapid progress in COVID-19 vaccine rollouts. By 12:04 PM ET (4:04 AM GMT), gold futures were up 0.29% at $1,860.65. On Tuesday, …
Gold Up, Investors Bracing for Fed’s Policy Decision Read More »
Oil prices were up on Monday, pushing Brent back above $50 a barrel. It was supported by hopes that a rollout of COVID-19 vaccines will lift global fuel demand. At the same time, a tanker explosion in Saudi Arabia jangled nerves in the market. By 0730 GMT, Brent crude futures for February rose 67 cents, …
Oil Prices Up on Vaccine and Tanker Blast in Saudi Arabia Read More »
Gold was up on Friday morning in Asia’s precious metals over disappointing jobs data from the U.S. and stimulus uncertainty. In addition, Brexit talks concern remains. By 12:47 AM ET (4:47 AM GMT), gold futures were up 0.23% at $1,841.70. The dollar was down on Friday. Usually, it moves inversely to the yellow metal. Markets …
Oil prices were up on Thursday, buoyed by a COVID-19 vaccine rollout in Britain. Additionally, the imminent approval of a vaccine in the United States could spur a rebound in fuel demand. This is despite a large build in U.S. crude stocks last week. At 0500 GMT US. West Texas Intermediate (WTI) crude futures gained …
Oil Up on Vaccine Rollout, Worries of Iraq Oilfield Attack Read More »
Gold (XAU/USD) slipped through the Asian session. It plunged to two-day lows near the $1855 zone. However, the downside movement lacked strong momentum. The yellow metal saw some selling in the first half of the trading action in Asia. It appears to have stalled its recent strong recovery move away from the multi-month lows. The …
Gold (XAU/USD) Seems Depressed But Downside Is Limited Read More »
Oil prices declined on Tuesday, adding to losses from the previous session. California tightened its pandemic lockdown through Christmas. COVID-19 cases continued to surge across the United States and Europe. Brent crude futures slipped 40 cents, or 0.8%, to $48.39 a barrel at 0455 GMT. U.S. West Texas Intermediate (WTI) crude futures was down 35 …
Oil Slips over Soaring Coronavirus Cases & Lockdowns Read More »
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