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WTI drifts higher above $58.00 on Fed rate cut hopes
West Texas Intermediate (WTI), the US crude oil benchmark, is trading around $58.15 during the Asian trading hours on Wednesday. The WTI edges higher on the prospect of the US Federal Reserve (Fed) rate reduction and a weaker US Dollar (USD) broadly.
Gold climbs as stalling inflation and weak spending fuel December Fed cut bets
Gold (XAU/USD) climbs over 0.14% on Tuesday after US economic data augmented speculation of a rate cut by the Federal Reserve (Fed) at the December 9-10 meeting. Also, falling US Treasury yields and a weaker US Dollar keep XAU/USD trading at $4,141 after hitting a daily low of $4,109.Fxstreet
Tue, Nov 25
WTI Crude Oil falls as US-brokered Russia-Ukraine peace talks raise supply fears
West Texas Intermediate (WTI) Crude Oil retreats on Tuesday, giving back the modest gains recorded in the previous session as traders react to reports of progress on a United States (US) brokered Russia and Ukraine peace framework.Copper market still well supplied according to ICSG in September – Commerzbank
September Copper data showed a 57,000-ton deficit, but seasonally adjusted figures point to a slight surplus, suggesting the market remains well supplied despite recent price rallies, Commerzbank's Head of FX and Commodity Research Thu Lan Nguyen notes.
Fxstreet
Tue, Nov 25
Gold surges above $4,150 amid Fed rate cut bets – Commerzbank
The price of Gold rose to $4,155 per troy ounce this morning. Since Friday afternoon, the price has risen by more than $100. The price increase was triggered by rising expectations of an interest rate cut at the Fed's next meeting in two weeks, Commerzbank's commodity analyst Carsten Fritsch notes.Fxstreet
Tue, Nov 25
Silver declines as firm US Dollar, risk tone weigh on safe-haven appeal
Silver (XAG/USD) trades lower on Tuesday, around $51.20 at the time of writing. Despite this decline, any meaningful correction remains limited, as investors continue to show interest in the white metal amid elevated geopolitical uncertainty and a growing likelihood of further US monetary easing.
Fxstreet
Tue, Nov 25
European Gas falls below EUR30/MWh amid calm market – ING
European gas prices slipped below EUR30/MWh as mild weather forecasts and ample LNG supply eased short-term concerns, though lower storage levels and fund positioning keep market risks present, ING's commodity experts Ewa Manthey and Warren Patterson note.Fxstreet
Tue, Nov 25
Oil rises on risk-on sentiment amid Fed cut bets – ING
Oil prices climbed on broader risk appetite and rising expectations of a December Fed rate cut, while markets closely tracked evolving Ukraine peace talks that could reshape the supply outlook, ING's commodity experts Ewa Manthey and Warren Patterson note.WTI edges lower to near $58.50 on Ukraine peace hopes
West Texas Intermediate (WTI), the US crude oil benchmark, is trading around $58.65 during the Asian trading hours on Tuesday. The WTI loses ground as the United States (US) pushes for a peace plan between Ukraine and Russia to end the three-year war.Gold Price Forecast: XAU/USD rises to near $4,150 as Fed rate cut bets grow
Gold price (XAU/USD) attracts some buyers to around $4,140 during the early Asian session on Tuesday. The precious metal rises on growing expectations of a US Federal Reserve (Fed) interest rate cut in the December policy meeting.Fxstreet
Tue, Nov 25
Gold surges toward $4,100 as markets go all-in on Fed cuts
Gold (XAU/USD) rallies sharply on Monday, gaining 0.80% as investors seem confident that the Federal Reserve (Fed) will slash rates at the December meeting as US economic data continues to flow. At the time of writing, XAU/USD trades near $4,100 after hitting a daily low of $4,040.Fxstreet
Mon, Nov 24
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