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WTI recovers slightly amid oversupply fears and EIA inventory surge
West Texas Intermediate (WTI) US Oil trades around $58.80 on Thursday at the time of writing, up 0.70% on the day. Crude Oil is attempting to stabilize after two highly volatile days, including a drop of more than 4% on Wednesday, driven by persistent fears of a global supply glut.
Silver declines as US shutdown resolution eases safe-haven demand
Silver (XAG/USD) declines on Thursday, ending a four-day winning streak. The grey metal trades around $53.00 at the time of writing, down 0.35% on the day, after marking an intraday high at $54.39, just shy of the all-time high at $54.86.
Fxstreet
Thu, Nov 13
Gold climbs toward $4,250 as shutdown ends, Fed signals temper easing bets
Gold (XAU/USD) extends its advance on Thursday, climbing above the $4,200 psychological barrier and notching a five-day winning streak. The precious metal has now retraced most of its corrective decline from the all-time high near $4,381.
Fxstreet
Thu, Nov 13
Aluminium continues to rally on supply concerns – ING
Aluminium continues to rally this week on the LME with prices trading above $2,900/t this morning. Aluminium has gained more than 13% this year. It is the third-strongest performer on the LME after Copper and tin this year, ING's commodity experts Ewa Manthey and Warren Patterson note.
Fxstreet
Thu, Nov 13
Oil declines on rising supply glut fears – ING
NYMEX WTI continues to edge lower in the early trading session today after falling by more than 4% to settle around $58.5/bbl yesterday. The decline was largely driven by OPEC’s revised surplus expectations for the global Oil market, along with a bearish inventory report from the API.Silver Price Forecast: XAG/USD remains near 54.00 due to improved market sentiment
Silver price (XAG/USD) continues its winning streak for the fifth successive session, nearing the all-time high of $54.86, which was recorded on October 16, and is currently trading around $54.00 per troy ounce during the early European hours on Thursday.Fxstreet
Thu, Nov 13
Crude oil price today: WTI price bullish at European opening
West Texas Intermediate (WTI) Oil price advances on Thursday, early in the European session. WTI trades at $58.46 per barrel, up from Wednesday’s close at $58.43.Brent Oil Exchange Rate (Brent crude) is also up, advancing from the $62.52 price posted on Wednesday, and trading at $62.54.Gold tests $4,200 amid weak Dollar and yields ahead of US shutdown vote
Gold (XAU/USD) rallies sharply past the $4,200 milestone on Wednesday, as US Treasury yields slip and the US Dollar gives back earlier gains. An improvement in risk appetite has not kept the yellow metal from recovering after falling to $3,886 late October, following a record high near $4,400.Fxstreet
Wed, Nov 12
WTI edges lower after three-day rally; OPEC report signals ample supply ahead
West Texas Intermediate (WTI) Crude Oil edges lower on Wednesday, snapping a three-day winning streak, as optimism builds that the record-long United States (US) government shutdown is nearing an end, lifting overall market sentiment and prompting some profit-taking.Gold consolidates near three-week high as traders await US House funding vote
Gold (XAU/USD) trades little changed on Wednesday, consolidating gains near a three-week high as investors adopt a wait-and-see approach ahead of a crucial US congressional vote to end the record-long government shutdown.Fxstreet
Wed, Nov 12
Silver supported by Fed rate-cut expectations, US economic concerns
Silver (XAG/USD) trades around $51.70 on Wednesday at the time of writing, up 1.00% on the day, extending its recent winning streak. The grey metal benefits from growing speculation that the Federal Reserve (Fed) will cut interest rates again in December.Fxstreet
Wed, Nov 12
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