Everything you need to know about gold news.
Initially, gold markets attempted to advance during the week, but there has been considerable disturbance near the $1680 level once more.
Written by: Winona Grant
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As investors await the publication of US economic statistics, the gold market is demonstrating erratic behavior. Despite a climate of heightened hawkishness, the US GDP is anticipated to see positive growth. Increasing core CPI has not resulted in a decrease in demand for durable goods.
Written by: Winona Grant
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On Thursday, silver fails to find acceptance above its 100-day simple moving average and moves lower. Breaking below the 38.2% Fibonacci retracement level should pave the way for more intraday losses. A persistent move above the $19.55-60 confluence will be interpreted as a bullish trigger.
Written by: Winona Grant
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The benchmark for US crude oil, Western Texas Intermediate (WTI), has surged by close to 4%. US inventories increased by 2.6 million barrels, above expectations but falling short of Tuesday’s API increase of 4.5 million. After reclaiming the 20/50-day simple moving averages, a rise toward $90.00 is almost probable to occur in the WTI market.
Written by: Winona Grant
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Natural gas prices in the Permian Basin of West Texas are plunging to zero as explosive output dwarfs pipeline networks, creating a fuel glut in the region.
Written by: Winona Grant
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During Tuesday’s trading session, crude oil markets dropped slightly but have since found support and are showing signs of life.
Written by: Winona Grant
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Tuesday’s trading session began with a decline in silver prices, but the market has since shown signs of life again.
Written by: Winona Grant
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Tuesday’s trading session witnessed a little natural gas market rally, as we were somewhat oversold to the negative.
Written by: Winona Grant
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Tuesday’s trading on the gold markets continues to be quite turbulent, as there is a great deal of volatility on all markets around the world.
Written by: Winona Grant
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Gold initially surged higher and so displayed signals of strength, but the $1680 barrier remains significant.
Written by: Winona Grant
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