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Gold keeps knocking at the door of all-time-highs
Gold (XAU/USD) continues trading in its established range just below its all-time high on Thursday, as traders await more US inflation data, this time in the form of “factory gate” price inflation, or the Producer Price Index (PPI) for August.
Fxstreet
Sep 12, 2024
Crude Oil bears over 8% loss for September
Crude Oil’s price jumps near 1.5% and recovers above $66.80 on Wednesday. The positive trading day is very welcome for the much-battered commodity, which at one point faced nearly 10% losses for September and reached its lowest level since May 4,Fxstreet
Sep 11, 2024
Oil prices rise from near 3-year low with Francine impact, inventories in focus
Investing.com-- Oil prices rose from a near three-year low in Asian trade on Wednesday as traders waited to gauge the impact of Hurricane Francine on production in the Gulf of Mexico.Prices also tookInvesting.com
Sep 11, 2024
Demand concerns and reluctant OPEC+ weigh on the market – Commerzbank
This skeptical assessment is primarily due to growing demand concerns after economic data from the three most important oil demand regions – the US, China and Europe – disappointed and led to an increase in risk aversion, Commerzbank’s Commodity Analyst Carsten Fritsch notes.Fxstreet
Sep 10, 2024
Gold: A break below $2,490 could catalyze selling spree – TDS
While Gold continues to hover near all-time highs, price action is actually weakening uptrend signals' strength, and thereby lowering the bar for CTA trend followers to liquidate their length, TDS Senior Commodity Strategist Daniel Ghali notes.Fxstreet
Sep 10, 2024
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