Category Archives: Commodities

Gold Loses Some of Its Shine on Profit-Taking

Gold snapped a three-day winning streak on Thursday and was on track for its biggest decline since November, as investors took profits following the latest surge in prices. Overbought Resistance Gold for April delivery fell $11.60, or 0.9%, to $1,336.30 a troy ounce on the Comex division of the New York Mercantile Exchange. It was […]

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Gold Price: Chinese Lunar New Year Stokes Buying Frenzy

Gold notched fresh ten-month highs Wednesday and was on track for its third consecutive session in the green as physical demand from China provided another catalyst for the buying frenzy. Bullion Approaches $1,350 Gold for April delivery reached a high of $1,349.80 a troy ounce on the Comex division of the New York Mercantile Exchange. […]

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Gold Rush Continues as Bullion Tops $1,340 for the First Time Since April

Gold’s relentless push higher continued on Tuesday, as the yellow metal topped $1,340.00 a troy ounce for the first time in over ten months. Market Update Gold for April delivery surged $18.40, or 1.4%, to $1,340.50 a troy ounce on the Comex division of the New York Mercantile Exchange where it was eyeing its highest […]

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Can’t Stop Gold: Yellow Metal Notches Ten-Month High Despite Improved Risk Sentiment

Gold prices rallied sharply on Monday, as the yellow metal shrugged off traditional headwinds including rising bond yields and improved risk appetite en route to fresh ten-month highs. Price Update Gold for April delivery climbed $7.70, or 0.6%, to $1,329.80 a troy ounce, its highest level since April on the New York Mercantile Exchange. The […]

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Gold Prices Get a Boost from Tame Inflation Data

Gold prices headed higher on Wednesday after government data showed the smallest annual increase in consumer inflation in well over a year, giving the Federal Reserve more reason to hold off on raising interest rates. Precious Metals Rise Gold for April delivery climbed $2.50, or 0.2%, to $1,316.50 a troy ounce on the Comex division […]

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Bullish Dollar Threatens Gold’s Resurgence

Gold prices tumbled on Monday, as the dollar retained its bullishness amid ongoing trade tensions between the United States and China. At this stage, a comprehensive trade deal between the two superpowers appears highly unlikely before the March 1 deadline. Gold Loses Its Shine The April futures contract for gold reached a session low of […]

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Crude Oil: A New World Order Emerges

Crude oil swung lower on Tuesday, extending an early-week slump that has raised alarm over the trajectory of energy markets in 2019 and beyond. Investors and consumers can expect volatility to be the new norm in a tri-polar world where the United States, Russia and Saudi Arabia are all vying for influence. Market Update Oil […]

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Gold Price Hits Seven-Month High Ahead of FOMC Decision

Precious metals notched fresh highs on Tuesday, with gold extending its recent run of good fortune as investors awaited clearer policy guidance from the Federal Reserve. Gold Rises Gold for April delivery jumped $5.30, or 0.4%, to $1,314.60 a troy ounce on the Comex division of the New York Mercantile Exchange. That was the highest […]

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Brent Crude Continues Rising

By Dmitriy Gurkovskiy, Chief Analyst at RoboMarkets Brent recovered to the levels it last reached on December 7. Today, on Monday, January 21, 2019, the instrument is trading at $62.77 USD and tending to keep this positive momentum. Over the last week, there were a lot of different and sometimes even opposite signals, but investors […]

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