commodities

Gold It’s been another impressive week for the yellow metal which has broken out to new all-time highs. The continued sell-off in the US dollar is helping to keep gold prices well supported. So too are the ongoing concerns over the…
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The precious metal broke a new record with prices easily trading above the $2050 handle. This puts gold prices, up over 4% this month already. It comes on the back of a solid four-month gain, which has seen a 25% increase so far.…
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Crude oil prices briefly shot up higher, rising close to 43.50 before giving back the gains. Price action fell back to the 42.00 handle and support looks to be firm here. But if the consolidation continues, then oil could possibly be…
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Crude Inventories Fall Again The latest report from the Energy Information Administration this week has helped further the cause of oil bulls. The EIA reported that in the week ending July 31st, US crude oil inventories fell by 7.4 million…
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The precious metal continued with its bullish onslaught on Wednesday. After breaking the $2000 threshold earlier, gold prices continued higher. Intraday prices saw gold rising toward the 2050 level before making a modest pullback. The…
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Oil prices managed to gather some bullish momentum on Wednesday. Prices rose over 3% intraday as WTI crude oil breached past the 42.00 handle eventually. The gains come amid a hawkish inventory report for the commodity. Still, doubts…
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The precious metal is trading on a softer note on Monday. Robust economic data has sparked optimism in the Eurozone economy. After rising to highs of 1984.86, price action is trading a few points lower. While the trend line is…
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Oil prices are trading somewhat volatile over the past two sessions. The commodity is up over 1.25% on an intraday basis. The gains come as WTI crude oil is testing the 41.00 level once again. Given that this price level held up as…
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The rally in gold is taking a pause as price action has barely managed to post any new highs. The 1981 price region is proving hard to breach for the momentum. Despite this, a breakout above this level might see gold prices easily…
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