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Gold: Will the Fed outdove markets? – TDS
There is evidence that the last leg of the rally in Gold may have been a stop hunt, given the odd timing for an incursion into new all-time highs alongside evidence of new shorts being added by proprietary traders, family offices and macro funds while Gold ranged near the highs, TDS Senior Commodity Strategist Daniel Ghali notes.
Fxstreet
Sep 17, 2024
Crude Oil hovers below $70 as traders focus on US supply disruptions, Fed meeting
Crude Oil falls on Tuesday, hovering around $68 and partly reversing Monday’s rally, which stalled close to the $70 handle. The decline comes even as Oil is supported by some bullish drivers coming into play for this week. The first element is the numbersFxstreet
Sep 17, 2024
Silver Price Forecast: XAG/USD consolidates below $31.00, bullish potential seems intact
Silver (XAG/USD) trades with a positive bias around the $30.80-$30.85 area during the Asian session on Tuesday and remains well within the striking distance of a two-month peak touched the previous day.Fxstreet
Sep 17, 2024
Gold price consolidates near all-time peak, looks to Fed before the next leg up
Gold price (XAU/USD) is seen oscillating in a narrow trading band during the Asian session on Tuesday and consolidating its recent gains to a fresh all-time peak, around the $2,589-2,590 region touched the previous day.Fxstreet
Sep 17, 2024
Crude Oil dips after soft Chinese data adds more downside pressure
Crude Oil edges down slightly on Monday after more weak Chinese economic data released over the weekend weighs on prices. Price action this week will largely depend on the US Federal Reserve (Fed), which is set to cut interest rates with marketsFxstreet
Sep 16, 2024
