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High price level likely to slow the physical demand for Gold – Commerzbank
The Gold market continues to rush from record high to record high; nevertheless, the high price level is likely to slow the physical demand for Gold, Commerzbank’s Commodity Analyst Barbara Lambrecht notes.Fxstreet
Sep 27, 2024
Crude Oil set for weekly loss on waning worries about supply
Crude Oil is bouncing off a substantial support level on Friday, consolidating the recent losses the commodity had to digest earlier in the week. Still, Oil is set to close the week in the red, weighed by news that Saudi Arabia – the world’s largest crudeFxstreet
Sep 27, 2024
Crude Oil nosedives after rumours Saudi Arabia is set to abandon price target
Crude Oil nosedives for a second day and sees losses accelerate on Thursday in what seems to be a sharp correction. Nearly all gains booked on the China stimulus plan rollout and built-up tension in Lebanon are being offset by a ceasefire deal put on theFxstreet
Sep 26, 2024
Gold maintains highs on falling global interest rates, geopolitical risks, Fed dovish bets
Gold (XAU/USD) trades marginally higher in the $2.660s per troy ounce on Thursday amid falling global interest rates, an escalation of the conflict in the Middle East, and a weaker US Dollar (USD) due to increased odds of the US Federal Reserve (Fed) continuing with its aggressive monetary easing strategy.Fxstreet
Sep 26, 2024
WTI Price Forecast: Bounces off two-week low, seems vulnerable near $68.00 mark
West Texas Intermediate (WTI) US crude Oil prices remain under heavy selling pressure for the second straight day and retreat further from a multi-week high, around the $72.20 region touched on Tuesday.Fxstreet
Sep 26, 2024
Silver Price Forecast: XAG/USD bounces back to near $32.00 following China stimulus plans
Silver price (XAG/USD) edges higher as China, the world’s largest metals market, announces plans for additional stimulus measures to bolster its economy, offsetting the diminishing effects of Tuesday’s earlier actions.Fxstreet
Sep 26, 2024
