Silver price (XAG/USD) stays in tight range below the crucial resistance of $31.00 in Tuesday’s North American session.
There is evidence that the last leg of the rally in Gold may have been a stop hunt, given the odd timing for an incursion into new all-time highs alongside evidence of new shorts being added by proprietary traders, family offices and macro funds while Gold ranged near the highs, TDS Senior Commodity Strategist Daniel Ghali notes.
Crude Oil falls on Tuesday, hovering around $68 and partly reversing Monday’s rally, which stalled close to the $70 handle. The decline comes even as Oil is supported by some bullish drivers coming into play for this week. The first element is the numbers
Silver prices (XAG/USD) broadly unchanged on Tuesday, according to FXStreet data.
Gold (XAU/USD) plateaus in the $2,580s on Tuesday, ahead of the release of potentially market-moving US data later in the day and the Federal Reserve (Fed) meeting on Wednesday.
Silver price (XAG/USD) trades around $30.80 per troy ounce during Tuesday’s European hours, maintaining its position near a two-month high of $31.09, marked on Monday.
Gold prices fell in India on Tuesday, according to data compiled by FXStreet.
Silver (XAG/USD) trades with a positive bias around the $30.80-$30.85 area during the Asian session on Tuesday and remains well within the striking distance of a two-month peak touched the previous day.
Gold price (XAU/USD) is seen oscillating in a narrow trading band during the Asian session on Tuesday and consolidating its recent gains to a fresh all-time peak, around the $2,589-2,590 region touched the previous day.
West Texas Intermediate (WTI), the US crude Oil benchmark, is trading around $70.35 on Tuesday.
Silver prices edged up modestly late on Monday, bolstered by a weaker US Dollar and a drop in US Treasury yields.
Gold price posted gains of over 0.18% during the North American session on Monday, bolstered by a weaker US Dollar as traders eye Wednesday’s US Federal Reserve (Fed) monetary policy decision.
The timing of Gold's incursion into new all-time highs struck several market watchers as odd, but the latest CFTC positioning data helps to inform the price action, TDS’ Senior Commodity Strategist Daniel Ghali notes.
Silver (XAG/USD) has reached the top of a broad range that stretches from the $26s to the $30s.
Crude Oil edges down slightly on Monday after more weak Chinese economic data released over the weekend weighs on prices. Price action this week will largely depend on the US Federal Reserve (Fed), which is set to cut interest rates with markets
Gold (XAU/USD) is exchanging hands in the $2,580s on Monday, just below the all-time-high (ATH) of $2,589 hit earlier in the day.
Silver prices (XAG/USD) rose on Monday, according to FXStreet data.
Silver (XAG/USD) builds on its recent strong upward trajectory witnessed over the past week or so and climbs to a nearly two-month top on Monday.
Gold prices rose in India on Monday, according to data compiled by FXStreet.
Silver price (XAG/USD) continues its winning streak that began on September 9, trading around $31.00 per Troy ounce during Monday’s Asian session.
West Texas Intermediate (WTI) US crude Oil prices attract some sellers during the Asian session on Monday and currently trade just below the $68.00 round-figure mark, down over 0.60% for the day.
Gold price (XAU/USD) holds steady near the all-time high, around the $2,580 region during the Asian session on Monday amid relatively thin trading volumes on the back of a holiday in China and Japan.
Gold price (XAU/USD) gains momentum around $2,580 during the early Asian session on Monday.
The Copper price has recovered slightly in recent days, Commerzbank’s Commodity Analyst Barbara Lambrecht notes.
In its monthly report, the International Energy Agency (IEA) painted a bleak picture for oil demand, Commerzbank’s Commodity Analyst Carsten Fritsch notes.
The Palladium price has risen by 8% since Wednesday, surpassing the $1,000 per troy ounce mark for the first time in two months, Commerzbank’s Commodity Analyst Carsten Fritsch notes.
West Texas Intermediate (WTI) crude Oil price is trading around the $69 per barrel level on Friday, as it rebounds from the over four-month lows posted on Tuesday.
Gold price surpassed its previous all-time high and reached a new record level of $2,570 per troy ounce on Friday, supported by expectations that the US Federal Reserve will cut interest rates aggressively, Commerzbank’s Commodity Analyst Carsten Fritsch notes.
Natural Gas is trading near $2.58 on Friday, up for a fourth straight day in a row. The prices rally comes amid increasing concerns around the impact of tropical storm Francine as the US Gas supply might face disruptions due to the closure of several