News
Important Only
Oil prices rise from near 3-year low with Francine impact, inventories in focus
Investing.com-- Oil prices rose from a near three-year low in Asian trade on Wednesday as traders waited to gauge the impact of Hurricane Francine on production in the Gulf of Mexico.Prices also tookInvesting.com
Wed, Sep 11
Demand concerns and reluctant OPEC+ weigh on the market – Commerzbank
This skeptical assessment is primarily due to growing demand concerns after economic data from the three most important oil demand regions – the US, China and Europe – disappointed and led to an increase in risk aversion, Commerzbank’s Commodity Analyst Carsten Fritsch notes.Fxstreet
Tue, Sep 10
Gold: A break below $2,490 could catalyze selling spree – TDS
While Gold continues to hover near all-time highs, price action is actually weakening uptrend signals' strength, and thereby lowering the bar for CTA trend followers to liquidate their length, TDS Senior Commodity Strategist Daniel Ghali notes.
Fxstreet
Tue, Sep 10
Crude Oil eases slightly ahead of OPEC monthly report
Crude Oil steadies near $68.00 on Tuesday ahead of the publication of the monthly OPEC report, a key market-moving event for Oil prices. Taking into consideration the recent comments from commodity leading experts and analysts, the report should bearFxstreet
Tue, Sep 10
Gold trades around $2,500 as 50 bps rate cut bets dwindle
Gold (XAU/USD) is exchanging hands at around the $2,500 mark on Tuesday, sticking within its familiar range of the last few weeks as traders assess the outlook for monetary policy and the future path of interest rates in the US, a key performance indicator for Gold.Fxstreet
Tue, Sep 10
Gold prices edge lower but keep record highs in sight ahead of inflation test
Investing.com-- Gold prices fell slightly in Asian trade on Tuesday but remained close to recent peaks as traders awaited key U.S. inflation data for more cues on the Federal Reserve’s plans to beginInvesting.com
Tue, Sep 10
Gold trades volatile but range bound after US Nonfarm Payrolls
Gold (XAU/USD) pulls back down to just below $2,500 per troy ounce on Monday after retesting its all-time highs on Friday, amid market volatility following the release of a mixed US Nonfarm Payrolls (NFP) employment report.Fxstreet
Mon, Sep 9
Crude Oil finds floor, but concerns over demand outlook weigh
Crude Oil rebounds slightly on Monday after dipping lower on Friday after the US Jobs Report showed that the US economy is cooling down but not on the edge of a recession, easing the chances of a chunky interest-rate cut by 50 basis points from the US Federal Reserve (Fed) in its upcoming meeting on September 18.Fxstreet
Mon, Sep 9
