Crude makes a comeback but there is no such luck for gold as U.S. yields and the big dollar march higher. After a choppy session on Friday where oil spent most of it on the back foot, as the washout of stale long positioning continued in earnest, both Brent and WTI shock of their standing […]
Gold tumbles as the U.S. Senate causes yields and the dollar to rise across the board. Gold has fallen 0.50% or some six dollars from its close in New York as Asia erases almost all of the gains it made yesterday. Gold is wilting as the U.S. dollar surges in Asia after the U.S. Senate […]
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U.S. yields continue to quietly move higher, forcing further retreats in gold and silver prices, with any safe haven premium absent from trading for now. Gold Gold prices crawled higher in Asia reclaiming some of its overnight losses as traders awaited the start of the China Communist Party Congress. Trading is expected to be thin […]
President Trump’s update on its Iran relations today has the oil market nervous, overshadowing this evening’s U.S. CPI. Brent and WTI limped quietly into the week’s end overnight with the price action with the price action neutral as the dust settles. WTI outperformed as the DOE Crude Inventories showed a higher than expected 2.7 million […]
OPEC comments unleash pent-up demand in oil overnight with WTI the main beneficiary. Crude oil prices shot higher overnight with WTI gaining a spectacular 2.80% and Brent a more modest but still respectable 1.55%. The gains left WTI comfortably above $50.00 a barrel closing at 50.80 in New York while Brent regained the 56.00 level to […]
Crude oil traded sideways overnight while gold’s rally continued, with volatility dampened by a U.S. and Japan holiday. Oil Crude prices finished broadly unchanged overnight with a U.S. holiday meaning New York trading was subdued. Both Brent and WTI took some solace by comments from the OPEC Secretary-General that they were working to create an […]
Gold shrugs of a stronger dollar to post an impressive recovery, but it is silver’s rally that will have grabbed technical analysts attention. Gold Down, but not out, best describes gold’s price action on Friday. Having sold off to a low at 1260.00, gold staged a remarkable 18 dollar comeback to close at 1278.00 as […]