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Gold weakens as US-China trade optimism lifts risk sentiment, focus turns to Fed
Gold (XAU/USD) kicks off the week with a negative tone, as improved risk appetite curbed demand for safe-haven assets. At the time of writing, XAU/USD is trading around $4,025, down over 2.0%, extending its retreat from last week’s record high of $4,381 after a wave of profit-taking spurred by progrFxstreet
Mon, Oct 27
WTI holds gains near $61.00 as Iraq reports record Oil exports
Oil prices are trimming some gains on Monday, as Iraq's oil minister reported a record Crude exports, beyond 102 million barrels in September, and announced negotiations about the size of its quota with OPEC. The US benchmark West Texas Intermediate has hit session lows just below $61.00, but is hoCrude Oil price today: WTI price bullish at European opening
West Texas Intermediate (WTI) Oil price advances on Monday, early in the European session. WTI trades at $61.57 per barrel, up from Friday’s close at $61.29.Brent Oil Exchange Rate (Brent crude) is stable, hovering around its previous daily close at $65.17.WTI edges higher to near $61.50 as US, China reach preliminary trade deal
West Texas Intermediate (WTI), the US crude oil benchmark, is trading around $61.45 during the Asian trading hours on Monday. The WTI edges higher as progress between the US and China on trade talks boosts the outlook for oil demand.Silver Price Forecast: XAG/USD plummets below $48 on US-China trade deal optimism
Silver price (XAG/USD) trades 1.5% lower, slightly below $48.00 during the late Asian trading session on Monday. The white metal faces selling pressure as the appeal of safe-haven assets has diminished on hopes that the United States (US) and China will reach a bilateral trade deal soon.Fxstreet
Mon, Oct 27
Gold drifts lower on US-China trade optimism; Fed rate cut bets could limit losses
Gold (XAU/USD) kicks off the new week on a weaker note, though it lacks strong follow-through selling and manages to hold above Friday's swing low through the Asian session. Signs of easing trade tensions between the US and China boosted investors' appetite for riskier assets.Fxstreet
Mon, Oct 27
Gold Price Forecast: XAU/USD tumbles to near $4,050 on renewed optimism around US-China trade talks
Gold price (XAU/USD) falls to around $4,065 during the early Asian session on Monday. The precious metal extends the decline as traders book profits following a prolonged record-setting rally.Fxstreet
Mon, Oct 27
Gold rebounds after softer US CPI data reinforces Fed cut bets
Gold price erases earlier losses, rises over 0.10% on Friday following the release of the September inflation report in the US, which showed that prices climbed but would not deter the Federal Reserve (Fed) from cutting rates next week.Fxstreet
Fri, Oct 24
Brent forward curve temporarily flattening – Commerzbank
The oversupply on the Oil market had put significant pressure on the prices of Brent forward contracts with short-term maturities in recent weeks: the backwardation that was still pronounced just a month ago has decreased noticeably, Commerzbank's commodity analysts Barbara Lambrecht and Carsten FriFxstreet
Fri, Oct 24
India and the US may reach an agreement on reducing Oil imports from Russia – Commerzbank
The US and India are reportedly close to reaching a trade agreement that would see a gradual reduction in Indian Oil imports from Russia, Commerzbank's commodity analyst Carsten Fritsch notes.Fxstreet
Fri, Oct 24
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