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Crude Oil price today: WTI price bearish at European opening
West Texas Intermediate (WTI) Oil price falls on Thursday, early in the European session. WTI trades at $63.36 per barrel, down from Wednesday’s close at $63.67.Brent Oil Exchange Rate (Brent crude) is also shedding ground, trading at $66.85 after its previous daily close at $67.19.
Gold attracts some sellers amid profit-taking, US GDP data in focus
The Gold price (XAU/USD) trades in negative territory during the Asian trading hours on Thursday. The precious metal retreats from a three-week high near $3,400 amid a rebound in the US Dollar (USD) and some profit-taking.Fxstreet
Thu, Aug 28
WTI Crude Oil climbs as EIA inventory draw and weaker Greenback fuel recovery
WTI (West Texas Intermediate) Crude Oil is rebounding on Wednesday after a sharp 2.27% drop in the previous session. At the time of writing, the US benchmark trades near $64.00 per barrel, up 1.2% on the day and recovering from a five-day low of $62.80 hit earlier in European trading hours.Gold holds near $3,400 as Fed bets, politics weigh
Gold price remains steady on Wednesday, even though the Greenback recovered from earlier losses triggered by threats to the Federal Reserve’s (Fed) independence. Nevertheless, Bullion sellers are not out of the woods as pressure from the White House continues. The XAU/USD trades at $3,397, up 0.12%.Fxstreet
Wed, Aug 27
Silver Price Forecast: Bulls defend $38.00 as triangle support holds, momentum remains fragile
Silver (XAG/USD) trades slightly lower on Wednesday, having trimmed earlier losses after finding support near the $38.00 handle. The metal came under pressure earlier in the session as a stronger US Dollar (USD) capped upside momentum.
Fxstreet
Wed, Aug 27
Gold slips from two-week peak as US Dollar firms, Fed turmoil in focus
Gold (XAU/USD) is trading on the back foot on Wednesday as the US Dollar (USD) regains strength and edges higher, despite political turmoil surrounding US President Donald Trump’s attempt to oust Federal Reserve (Fed) Governor Lisa Cook.Fxstreet
Wed, Aug 27
WTI Price Forecast: 50-EMA acts as major barrier
West Texas Intermediate (WTI), futures on NYMEX, trade cautiously near Tuesday’s low of $63.00 during the European trading session on Wednesday. The Oil price struggles to gain ground ahead of the United States (US) Oil inventories data for the week ending August 22.Steel inventories in China continue to rise – ING
Steel inventories at major Chinese Steel mills rose for a second consecutive week to 15.7mt in mid-August, up 4% compared to early August, according to the China Iron and Steel Association (CISA), ING’s commodity analysts Warren Patterson and Ewa Manthey note.
Fxstreet
Wed, Aug 27
Crude Oil price today: WTI price bearish at European opening
West Texas Intermediate (WTI) Oil price falls on Wednesday, early in the European session. WTI trades at $63.00 per barrel, down from Tuesday’s close at $63.16.Brent Oil Exchange Rate (Brent crude) is also shedding ground, trading at $66.58 after its previous daily close at $66.74.Gold retreats from two-week high, concerns over Fed’s independence might cap its losses
The Gold price (XAU/USD) trades on a negative note during the Asian trading hours on Wednesday. The precious metal retreats from a two-week high of $3,395 amid the profit-taking and modest rebound in the US Dollar (USD).Fxstreet
Wed, Aug 27
Gold holds just below $3,400 as Fed drama hits dollar
Gold stayed firm just under $3,400 per troy ounce on Tuesday, lifted by renewed weakness in the US Dollar (USD) and lingering doubts over the Fed’s independence after President Trump’s unprecedented attempt to fire Governor Lisa Cook.Fxstreet
Tue, Aug 26
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