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United States API Weekly Crude Oil Stock came in at -1.58M, below expectations (2.3M) in October 11

United States API Weekly Crude Oil Stock came in at -1.58M, below expectations (2.3M) in October 11

Fxstreet

Oct 16, 2024

Gold price surges as US yields drop, eyes $2,700 mark

Gold prices rose during the mid-North American session on Wednesday, underpinned by the drop in US Treasury yields and the shrug off recent US Dollar strength.

Fxstreet

Oct 16, 2024

Silver Price Forecast: XAG/USD surges as bulls target $32.00

Silver prices climbed on Wednesday as US Treasury yields fell, a tailwind for the non-yielding metal.

Fxstreet

Oct 16, 2024

Platinum: Expect substantial CTA selling activity over the coming week – TDS

Platinum markets hold the most extreme asymmetry in algo flows expected over the coming week, TDS’ macro analyst Daniel Ghali notes.

Fxstreet

Oct 16, 2024

Silver Price Forecast: XAG/USD surges to near $32 on dismal market sentiment

Silver price (XAG/USD) jumps to near the crucial resistance of $32.00 in Wednesday’s North American.

Fxstreet

Oct 16, 2024

Crude Oil sell-off eases amid political calls in Israel to strike Iranian Oil fields

Crude Oil sees its sell-off stall on Wednesday on the back of harsh rhetoric from Israel’s opposition party. The comments were published in the Jerusalem Post on Tuesday and came from the Yest Atid Party head, Yair Lapid, who called for an immediate

Fxstreet

Oct 16, 2024

Brent crude oil prices fall a third day in a row – DBS

Meanwhile, Brent crude oil prices fell a third day by 3.8% to $74.52 per barrel, its lowest level since October 2, DBS’ FX analyst Philip Wee notes.

Fxstreet

Oct 16, 2024

Silver price today: Silver rises, according to FXStreet data

Silver prices (XAG/USD) rose on Wednesday, according to FXStreet data.

Fxstreet

Oct 16, 2024

Silver Price Forecast: XAG/USD moves above $31.50 as US Treasury yields ease

Silver price (XAG/USD) continues its winning streak for the fifth consecutive day, hovering around $31.70 per troy ounce during the Asian trading hours on Wednesday.

Fxstreet

Oct 16, 2024

India Gold price today: Gold rises, according to FXStreet data

Gold prices rose in India on Wednesday, according to data compiled by FXStreet.

Fxstreet

Oct 16, 2024

Gold price remains close to record peak, lacks bullish conviction amid mixed cues

Gold price (XAU/USD) edges higher for the second straight day on Wednesday – also marking the fourth day of a positive move in the previous five – and touches a one-and-half-week high, around the $2,670 region during the Asian session.

Fxstreet

Oct 16, 2024

WTI trades with modest losses above $70.00, bearish bias remains

West Texas Intermediate (WTI) US Crude Oil prices struggle to capitalize on the overnight modest bounce from the $69.25 area, or a two-week low and attract some sellers during the Asian session on Wednesday.

Fxstreet

Oct 16, 2024

Gold price gains despite buoyant US Dollar as US yields fall

Gold prices advanced Tuesday as US Treasury bond yields retreated, capping US Dollar gains.

Fxstreet

Oct 15, 2024

China imported more Copper and large quantities of Copper ore again in September – Commerzbank

China imported 479,000 tons of unwrought Copper and Copper products in September, according to the General Administration of Customs on Monday, Commerzbank’s commodity analyst Carsten Fritsch notes.

Fxstreet

Oct 15, 2024

Chinese crude oil imports remained weak also in September – Commerzbank

China's crude oil imports fell to 11.1 million barrels per day in September, according to customs data, Commerzbank’s FX analyst Carsten Fritsch notes.

Fxstreet

Oct 15, 2024

Oil prices under pressure due to demand concerns and declining supply risks – Commerzbank

Oil prices have fallen sharply since the beginning of the week, Commerzbank’s FX analyst Carsten Fritsch notes.

Fxstreet

Oct 15, 2024

Gold price benefits from geopolitical risks – Commerzbank

The Gold price rose to $2,667 per troy ounce yesterday, coming within less than $20 of its all-time high reached at the end of September, Commerzbank’s FX analyst Carsten Fritsch notes.

Fxstreet

Oct 15, 2024

Gold recovers as broader uptrend resumes

Gold (XAU/USD) recovers into the $2,650s on Tuesday after weakening following an easing of tensions in the Middle East.

Fxstreet

Oct 15, 2024

Crude Oil nosedives after IEA says oversupply still continues

Crude Oil sinks lower for a second day in a row on Tuesday after the release of the monthly report from the International Energy Agency (IEA), and, at the time of writing, it loses almost 7% in the week.

Fxstreet

Oct 15, 2024

Silver price today: Silver falls, according to FXStreet data

Silver prices (XAG/USD) fell on Tuesday, according to FXStreet data.

Fxstreet

Oct 15, 2024

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