Chile, the biggest Copper producer, raised its price forecasts for this year and next, ING's commodity experts Ewa Manthey and Warren Patterson note.
European natural Gas prices fell nearly 2.4% on Wednesday, pressured by reports of U.S.–Russia peace discussions despite colder weather accelerating storage withdrawals, ING's commodity experts Ewa Manthey and Warren Patterson note.
Oil prices came under pressure yesterday, with ICE Brent settling about 2.1% lower, ING's commodity experts Ewa Manthey and Warren Patterson note.
Gold prices fell in India on Thursday, according to data compiled by FXStreet.
West Texas Intermediate (WTI) Oil price advances on Thursday, early in the European session. WTI trades at $59.34 per barrel, up from Wednesday’s close at $59.28.Brent Oil Exchange Rate (Brent crude) is also up, advancing from the $63.15 price posted on Wednesday, and trading at $63.21.
Silver (XAG/USD) attracts some sellers following an Asian session uptick to the $51.85 region and moves further away from the weekly high, touched the previous day.
West Texas Intermediate (WTI), the US crude oil benchmark, is trading around $59.50 during the Asian trading hours on Thursday. The WTI edges higher amid a larger-than-expected draw from US crude stockpiles last week on higher refinery runs and exports.
Gold price (XAU/USD) attracts some buyers to around $4,110 during the early Asian session on Thursday. The precious metal gains momentum amid the cautious mood and uncertainty over the US economy. Traders will closely monitor the US September Nonfarm Payrolls (NFP) later on Thursday.
Gold (XAU/USD) remains firm during the North American session on Wednesday, but trims earlier gains of over 1% as the US Dollar (USD) rallies sharply as traders wait for a key US job report due on Thursday and assess the developments on the Russia-Ukraine war.
Risk aversion dominates financial markets in the American session on Wednesday, resulting in a much firmer US Dollar (USD) across the FX board. In the case of XAU/USD, demand for safety benefits both Gold and the Greenback, keeping the pair afloat, though off its intraday high of $4,132.
West Texas Intermediate (WTI) US Oil trades around $59.00 on Wednesday at the time of writing, down 2.80% on the day. The price remains under pressure as traders weigh mixed US inventory data and monitor escalating geopolitical risks linked to upcoming sanctions on major Russian producers.
Silver (XAG/USD) rises firmly on Wednesday, up 2.10% on the day to $51.90 at the time of writing, supported by renewed safe-haven flows as global sentiment shifts into risk-off mode.
Gold (XAU/USD) edges higher on Wednesday as a risk-off tone across global markets revives safe-haven demand. At the time of writing, XAU/USD is trading around $4,120, up nearly 1.20%, extending its rebound after briefly slipping below the $4,000 threshold on Tuesday.
Gold (XAU/USD) is trading higher for the second consecutive day on Wednesday, reaching intra-week highs, right above $4,100, favoured by the risk-averse markets and heightened hopes that the US Federal Reserve might ease monetary policy at its December meeting.US employment data disappointed on Tues
Freeport said it plans to restore Copper production at its Grasberg operations in Indonesia drove a rally in Copper prices. A September mudslide led the miner to declare force majeure.
ICE Brent settled a little more than 1% higher yesterday, with the market moving closer to the $65/bbl level. Market participants appear more concerned about supply risks than the odds of a surplus going forward, ING's commodity experts Ewa Manthey and Warren Patterson note.
Gold prices rose in India on Wednesday, according to data compiled by FXStreet.
West Texas Intermediate (WTI), the US crude oil benchmark, is trading around $60.50 during the Asian trading hours on Tuesday. The WTI edges lower amid a rise in US crude inventories.
Silver (XAG/USD) reverses a modest Asian session dip to levels below the $50.00 psychological mark and looks to build on the previous day's bounce from an over one-week low.
Gold price XAU/USD attracts some buyers to around $4,070, snapping the three-day losing streak during the early Asian session on Wednesday. The precious metal rises amid the risk-off sentiment as traders brace for the long-awaited return of US economic data.
West Texas Intermediate (WTI) Oil edges higher on Tuesday, trading around $60.50 and up nearly 1.35% on the day, despite ongoing worries about a widening supply surplus.
Gold (XAU/USD) advances modestly during Tuesday’s North American session as the Greenback also remains bid and risk appetite deteriorates amid fears of an economic slowdown. At the time of writing, XAU/USD trades at $4,058, up 0.36%.
Silver (XAG/USD) edges higher on Tuesday, trading around $50.70 at the time of writing, up 1.00% on the day. The precious metal is supported by a broad risk-off tone across markets, with investors favoring safe-haven exposure as risk assets come under pressure.
Gold (XAU/USD) steadies on Tuesday as risk-off sentiment across global markets prompts a mild pickup in safe-haven demand. At the time of writing, XAU/USD is trading around $4,040, staging a modest rebound after slipping to $3,998 earlier in the Asian session.
Gold has bounced up from $4,000 but remains capped below a previous support, at $4.050.
Gold remains relevant as a portfolio diversifier even though positive correlations with risk have become more frequent in recent years, Deutsche Bank's Research Analyst Michael Hsueh reports.
Silver price (XAG/USD) claws back its early losses and turns slightly positive to near $50.30 during the European trading session on Tuesday.
West Texas Intermediate (WTI) Oil price falls on Tuesday, early in the European session. WTI trades at $59.34 per barrel, down from Monday’s close at $59.71.Brent Oil Exchange Rate (Brent crude) is also shedding ground, trading at $63.38 after its previous daily close at $63.75.