News
Important Only
Gold price remains on the defensive amid repositioning ahead of the US CPI data release
Gold price (XAU/USD) ended in the red on Tuesday as bulls opted to take some profits off the table following the recent gains registered over the past three days and ahead of the key US inflation data.
Fxstreet
Aug 14, 2024
Share of Russian material in LME stocks falls for Nickel and Copper and rises for Aluminium – Commerzbank
Meanwhile, concentration is falling elsewhere: according to LME statistics, the share of Nickel stocks of Russian origin fell from 27% at the end of June to 24% at the end of July, and from 27% to 21% for Copper, Commerzbank’s commodity analyst Barbara Lambrecht notes.Fxstreet
Aug 13, 2024
Fundamentals to drive oil correction in Q4 as supply/demand surpluses increase: Ma
Investing.com -- The oil market is poised for a significant correction in the fourth quarter of 2024, driven primarily by increasing supply/demand surpluses. While oil prices have been recovering fromInvesting.com
Aug 13, 2024
Gold prices fall, but record high in sight amid inflation angst, M.East fears
Investing.com-- Gold prices fell in Asian trade on Tuesday but remained close to record highs as safe haven demand was buoyed by fears of an Iranian strike against Israel.Markets also turned risk-offInvesting.com
Aug 13, 2024
Gold: CTA positioning remains near its effective 'max long' position size – TDS
Gold now screens as a well-populated trade. The Street is unanimously bullish, but macro fund positioning may now be tapped out without an imminent recession, CTA positioning remains near its effective 'max long' position size, the top Shanghai traders have been selling their positions from near-record highs, and Asian physical markets remain on a buyer's strike, TDS senior commodity strategist Daniel Ghali notes.Fxstreet
Aug 12, 2024
