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Since I predicted a steep fall in the gold futures while writing my last analysis, April gold futures closed Friday with a loss of $17. Precious metals on Friday retreated as Friday’s...
The rise in US oil inventories has halted the short-term price uptrend. Meanwhile, the situation in the Red Sea remains unstable and pivotal to oil prices' next move. Concerns about the Chinese...
Since I wrote my last analysis, I find that despite the surging hopes for a rate cut of 25 basis points by the Fed in its meeting on Jan.30-31, gold futures continued to witness selling pressure below...
A new report by BMO Capital Markets suggests that the price of gold is no longer being driven by real interest rates. What replaced them? I unveil the answer below. The American consumer did it again....
Brent crude oil has recently marked a significant milestone, reaching $84.00 per barrel on the last Monday of January. This ascent, taking over a month, indicates a gradual but steady increase in oil...
Gold and silver have started the week positively, with gold surpassing $2030 and silver reaching $23. Despite a challenging start in 2024, gold faces short-term pressures driven by positive risk...
The prospect that the Fed's pivot might come in May has kept gold under pressure and strengthened the dollar. However, forecasts point to continued stable demand for gold in 2024 $1940 per ounce is a...
On analyzing the movement by the gold futures in January, I find that the yellow metal is under selling pressure amid decreasing recessionary hopes and the anticipated meeting of the Federal Reserve...
This year’s record-high gold price and anticipated stellar gold prices in years to come are signaling a turning point in the financial system as we know it. The U.S. economy is facing critical risks...
Following today's impactful economic data announcement, gold bears gained renewed strength, keeping gold below the crucial support level at $2004. Signals from both building permits and initial...
A stronger dollar and a poor outlook for China's real estate market are weighing on copper prices But, demand for copper should gradually increase in the coming years Meanwhile, Antofagasta, a mining...
Oil prices fell more than 2% on Wednesday amid headwinds caused by a stronger dollar, oversupply concerns, and China's soft GDP data. Oil prices fell for a third day this week, with the West Texas...
After peaking in 2021, Copper prices declined sharply before bouncing around for a few years. That “bouncing” ended up following the twists and turns of Fibonacci rules. And we can see this in today’s...
Tensions in the Middle East continue to linger, however, comments from a Fed official and a surge in the USD yesterday held large parts of the commodity complex back Energy – Red Sea Tensions...
Gold fell over 0.7% on Tuesday amid strengthening dollar and rising yields, as well as uncertain Fed path. Gold tumbled over 0.7% on Tuesday to $2,039, but technical analysis suggests that...