Crude oil prices first attempted to recover during Thursday’s trading session, only to revert to exhibiting symptoms of weakness.
Tuesday’s trading session saw a slight decline in the gold market, as it continues to appear that the market is close to breaking down.
The natural gas market has exhibited indications of life over the past few days, hovering around $7.80. This is an area where we’ve already seen support, so I suppose it’s not surprising.
During Tuesday’s trading session, silver markets retreated a touch as we hover near the 50-day exponential moving average.
A study undertaken on behalf of the NCDEX Investor Protection Fund reveals that suspension of their futures does not reduce price volatility.
After shattering a support line that had held for two months, the gold price has continued to decline and is now within striking distance of an annual low. The XAU/USD bears are optimistic due to firmer yields and worries about China. The US retail sales report is being anticipated with caution after lower than expected CPI and PPI failed to calm hawkish Fed predictions.