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Crude Oil bears over 8% loss for September
Crude Oil’s price jumps near 1.5% and recovers above $66.80 on Wednesday. The positive trading day is very welcome for the much-battered commodity, which at one point faced nearly 10% losses for September and reached its lowest level since May 4,Fxstreet
Sep 11, 2024
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
Sep 11, 2024
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
Sep 10, 2024
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
Sep 10, 2024
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
Sep 10, 2024
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
Sep 10, 2024
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
Sep 10, 2024
