WTI Crude Oil Prices Remain Steady Below $73 Amid US Recession Concerns and Easing Supply Fears
WTI Crude Oil Prices Remain Steady Below $73 Amid US Recession Concerns and Easing Supply Fears West Texas Intermediate (WTI) crude oil prices are struggling to build on Thursday’s rebound from a two-week low near the mid-$71 range, trading in a narrow band around $72.75 during Friday’s Asian session. The commodity remains nearly flat for […]
Gold Price Near Two-Week High Amid Upbeat Market Mood
Gold Price Near Two-Week High Amid Upbeat Market Mood During the Asian session on Thursday, the gold price (XAU/USD) maintained a positive bias and remained just below the nearly two-week high reached the previous day. However, the strong bullish sentiment across global equity markets acted as a headwind for the safe-haven precious metal, particularly amid […]
Gold Holds Steady Below 50-Day SMA, Awaits Fed Chair Powell’s Speech
Gold Holds Steady Below 50-Day SMA, Awaits Fed Chair Powell’s Speech Gold prices (XAU/USD) faced fresh selling pressure during the Asian session on Tuesday, reversing the previous day’s gains and approaching the 50-day Simple Moving Average (SMA), a significant resistance level. The US Dollar (USD) gained traction as investors awaited more clarity on the Federal […]
WTI Falls Below $80 on Unexpected US Crude Stockpile Increase
WTI Falls Below $80 on Unexpected US Crude Stockpile Increase West Texas Intermediate (WTI) crude oil prices edged lower to around $80.30 during the Asian session on Thursday, retreating further from a two-month high of $81.65. This decline was primarily driven by a surprise increase in US crude stockpiles, which raised concerns about weakening demand […]
Gold Price Dips Amid Cautious Federal Reserve Comments
Gold Price Dips Amid Cautious Federal Reserve Comments Gold prices (XAU/USD) are seeing a rise in Tuesday’s trading, maintaining a positive trajectory despite a downtrend in the U.S. dollar. This uplift in gold is somewhat constrained by recent remarks from Federal Reserve (Fed) officials. After last week’s stronger-than-expected U.S. Purchasing Managers Index (PMI), Fed policymakers […]
Australian Dollar Dips Amid Renewed US Dollar Demand
Australian Dollar Dips Amid Renewed US Dollar Demand On Thursday, the Australian Dollar (AUD) experienced losses, trading in negative territory. Despite this, the currency’s downside may be limited due to the hawkish stance taken by the Reserve Bank of Australia (RBA) during its June meeting earlier this week. The RBA’s firm approach suggests that they […]
Gold Price Recovers Some Losses, Still Below Key 50-Day SMA Resistance
Gold Price Recovers Some Losses, Still Below Key 50-Day SMA Resistance During Tuesday’s Asian trading session, gold prices (XAU/USD) experienced some buying, partially offsetting Monday’s modest losses. This revival is driven by U.S. macroeconomic data that suggest easing inflation pressures, heightening anticipation of a potential Federal Reserve rate cut in September. These developments provide some […]
Gold Price Stays Low Amid Rate Concerns, Rising US Dollar Demand
Gold Price Stays Low Amid Rate Concerns, Rising US Dollar Demand During early trading in Europe on Tuesday, the gold price (XAU/USD) faced renewed selling pressure, diminishing some of the modest recovery gains it had made from the previous day. These gains had lifted the price from a low of $2,287—the lowest in over a […]
Gold Prices Hit Two-Week High as Buyers Bet on Fed Rate Cut
Gold Prices Hit Two-Week High as Buyers Bet on Fed Rate Cut Gold prices (XAU/USD) have seen consistent buying interest for the second consecutive day, reaching a two-week peak around the $2,373 mark during the early European trading session on Thursday. The momentum is distinctly bullish, fueled by expectations that major central banks worldwide might […]
WTI Falls Below $74 Amid OPEC+ Plans to Reduce Production Cuts
WTI Falls Below $74 Amid OPEC+ Plans to Reduce Production Cuts West Texas Intermediate (WTI) oil prices continued their downward trend for the fifth consecutive day, trading at approximately $73.90 per barrel during the Asian trading session on Tuesday. This recent decline in crude oil prices stems from the Organization of the Petroleum Exporting Countries […]
WTI Nears $79 as Key US Economic Data Looms
WTI Nears $79 as Key US Economic Data Looms In the Asian trading session on Thursday, West Texas Intermediate (WTI) crude oil fell slightly to around $79.00 per barrel. Traders are closely monitoring upcoming economic reports, including today’s US Crude Oil Stocks Change report from the Energy Information Administration. Expectations are set for a drawdown […]
WTI Nears $78.50 as US Inflation Data, OPEC+ Meeting Loom
WTI Nears $78.50 as US Inflation Data, OPEC+ Meeting Loom West Texas Intermediate (WTI) crude oil prices edged higher as traders anticipate the upcoming meeting of the Organization of the Petroleum Exporting Countries and allies, including Russia (OPEC+), scheduled for June 2. The meeting will address whether to extend the current voluntary output cuts of […]
WTI Dips Below $79 After Hawkish Fed Comments
WTI Dips Below $79 After Hawkish Fed Comments West Texas Intermediate (WTI) oil prices continued their downward trend, settling around $78.90 per barrel during Tuesday’s Asian trading session. Despite significant geopolitical developments, including the death of Iran’s President Ebrahim Raisi in a helicopter crash and health concerns about Saudi Arabia’s King Salman bin Abdulaziz, the […]
Gold Prices Rise Amid US CPI Inflation and Fed Rate Cut Expectations
Gold Prices Rise Amid US CPI Inflation and Fed Rate Cut Expectations Gold prices (XAU/USD) gained traction on Thursday, driven by a weaker US Dollar (USD). The recent Consumer Price Index (CPI) report revealed that inflation in the US slowed in April, leading market participants to increase their expectations for US Federal Reserve (Fed) rate […]
Gold Price Rises in Anticipation of US PPI Data and Fed Chair Powell’s Speech
Gold Price Rises in Anticipation of US PPI Data and Fed Chair Powell’s Speech The gold price (XAU/USD) experienced a modest rebound on Tuesday, even as the US Dollar (USD) remained stable, signaling a potential restraint in the metal’s upward movement. This cautious trading comes as market participants are likely to adopt a wait-and-see approach […]
Gold Prices Rise as Investors Anticipate US Data, Federal Reserve Comments
Gold Prices Rise as Investors Anticipate US Data, Federal Reserve Comments Gold prices (XAU/USD) are trading positively this Thursday, although gains are checked by several factors, including a stronger US Dollar and hawkish remarks from the US Federal Reserve. These influences are expected to restrain the upward movement of gold in the near term. Despite […]
Gold Prices Decline Amid Renewed Demand for US Dollar
Gold Prices Decline Amid Renewed Demand for US Dollar Gold prices (XAU/USD) lost their upward momentum on Tuesday, falling as renewed demand for the US Dollar (USD) strengthened. This decline was influenced by various factors, including geopolitical tensions and expectations surrounding the Federal Reserve’s monetary policy. The recent US Nonfarm Payrolls (NFP) data, which fell […]
WTI Falls to Seven-Week Low, Dips Below $80 Amid Unexpected Crude Inventory Increase
WTI Falls to Seven-Week Low, Dips Below $80 Amid Unexpected Crude Inventory Increase Western Texas Intermediate (WTI), the benchmark for US crude oil, dropped to a seven-week low, trading around $79.20 on Thursday. This decline was influenced by an unexpected increase in US crude inventories and diminishing geopolitical tensions in the Middle East. For the […]