Gold Price Rises in Anticipation of US PPI Data and Fed Chair Powell’s Speech
Gold Price Rises in Anticipation of US PPI Data and Fed Chair Powell’s Speech The gold price (XAU/USD) experienced a modest rebound on Tuesday, even as the US Dollar (USD) remained stable, signaling a potential restraint in the metal’s upward movement. This cautious trading comes as market participants are likely to adopt a wait-and-see approach in anticipation of significant US inflation data expected later in the week. Despite some selling pressure on XAU/USD in recent […]
Gold Prices Rise as Investors Anticipate US Data, Federal Reserve Comments
Gold Prices Rise as Investors Anticipate US Data, Federal Reserve Comments Gold prices (XAU/USD) are trading positively this Thursday, although gains are checked by several factors, including a stronger US Dollar and hawkish remarks from the US Federal Reserve. These influences are expected to restrain the upward movement of gold in the near term. Despite these pressures, global demand for gold continues to rise, driven largely by robust investment in the over-the-counter markets, sustained purchases […]
WTI Falls to Seven-Week Low, Dips Below $80 Amid Unexpected Crude Inventory Increase
WTI Falls to Seven-Week Low, Dips Below $80 Amid Unexpected Crude Inventory Increase Western Texas Intermediate (WTI), the benchmark for US crude oil, dropped to a seven-week low, trading around $79.20 on Thursday. This decline was influenced by an unexpected increase in US crude inventories and diminishing geopolitical tensions in the Middle East. For the week ending April 26, US crude inventories unexpectedly rose by 7.256 million barrels, reaching 460.9 million barrels, compared to a […]
Gold Price Sees Modest Losses, Downside Limited Before FOMC
Gold Price Sees Modest Losses, Downside Limited Before FOMC Gold prices (XAU/USD) are slightly lower in Tuesday’s Asian trading session but remain within the trading range established over the past week. This stability follows the release of the US Personal Consumption Expenditures (PCE) Price Index on Friday, which solidified expectations that the Federal Reserve (Fed) will maintain higher interest rates for an extended period. This outlook has bolstered the US Dollar (USD), creating headwinds for […]
Gold Price Steady Above $2,300, Awaits US Data
Gold Price Steady Above $2,300, Awaits US Data During the Asian trading session on Thursday, the price of gold (XAU/USD) continued its steady movement, maintaining a position above the $2,300 mark. Investors are currently in a holding pattern, awaiting further indications regarding the Federal Reserve’s (Fed) potential path on interest rate cuts before making any significant directional moves in the market. The focal points for market watchers will be the upcoming release of key US […]
XAG/USD Dips Below $27.00 as Risk Appetite Grows
XAG/USD Dips Below $27.00 as Risk Appetite Grows Silver prices (XAG/USD) softened for a second day, hovering around $26.95 during the early European session on Tuesday. The market’s improved sentiment, driven by reduced fears of escalating Middle East conflicts, is dampening demand for the metal known for its safe-haven allure. Investors are also cautious, opting to stay on the sidelines while awaiting the release of the US preliminary S&P Global Purchasing Managers Index (PMI) data […]
Gold Price Stays Under $2,400, Bullish Outlook Holds
Gold Price Stays Under $2,400, Bullish Outlook Holds Gold prices (XAU/USD) struggled to extend their recovery from a recent low of $2,325-2,324, hovering within a narrow range during Tuesday’s Asian trading session. Despite the lackluster performance, gold remained close to its all-time high set last Friday, supported by ongoing geopolitical tensions in the Middle East and a slight retreat in US Treasury yields. These factors collectively provide a supportive backdrop for the precious metal, often […]
WTI Remains Under $85.50 Amid Concerns Over Inflation
WTI Remains Under $85.50 Amid Concerns Over Inflation Western Texas Intermediate (WTI), the benchmark for U.S. crude oil, lingered around $85.00 per barrel on Friday, reflecting a subdued trading environment amid inflationary concerns. The price of WTI dipped slightly as expectations for imminent U.S. interest rate cuts diminished due to persistently high inflation rates. This economic backdrop suggests a challenging path ahead for rate adjustments by the Federal Reserve. The recent economic data from the […]
WTI Drops to $84.70 Amid Gaza Ceasefire Talks, US CPI Data Anticipation
WTI Drops to $84.70 Amid Gaza Ceasefire Talks, US CPI Data Anticipation Western Texas Intermediate (WTI), the benchmark for US crude oil, is currently trading near $84.60, marking its fourth consecutive day in the red. This decline is influenced by a combination of factors including the build-up of US crude stocks and profit-taking activities. Market attention is now turning towards the upcoming release of the US March Consumer Price Index (CPI) report and the Federal […]
WTI Holds Near Multi-Month High, Above $85 per Barrel
WTI Holds Near Multi-Month High, Above $85 per Barrel West Texas Intermediate (WTI) U.S. Crude Oil has exhibited signs of a bullish market, maintaining a strong position in a narrow trading range during Thursday’s Asian trading session. The commodity’s prices have been hovering just above the $85 mark, mirroring the stability seen at its highest point since October of the previous year. While there have been negligible changes in its price as the day progresses, […]
Gold Price Nears Record High, Despite Strong USD as Potential Obstacle
Gold Price Nears Record High, Despite Strong USD as Potential Obstacle The Gold price (XAU/USD) continues to experience a notable uptrend, recording gains for the sixth consecutive day on Tuesday. This steady ascent brings it tantalizingly close to the all-time high it achieved the day before. The price movement of this precious metal, traditionally viewed as a safe haven, is influenced by a mix of geopolitical and economic factors. Recent geopolitical tensions have played a […]
WTI Slips to Near $81.50 Amid Fed’s Hawkish Remarks, Unexpected Rise in US Crude Inventories
WTI Slips to Near $81.50 Amid Fed’s Hawkish Remarks, Unexpected Rise in US Crude Inventories Western Texas Intermediate (WTI), the benchmark for US crude oil, saw its prices hovering around $81.50 on Wednesday. This downward shift is attributed to the strengthening of the US Dollar (USD) and an unexpected increase in U.S. crude and gasoline stocks. The recent hawkish remarks by US Federal Reserve (Fed) policymakers, particularly Fed Governor Christopher Waller, played a key role […]
Gold Price Stays Steady Above $2,170, Maintaining Bullish Momentum
Gold Price Stays Steady Above $2,170, Maintaining Bullish Momentum Gold prices (XAU/USD) are experiencing difficulty in building upon their modest overnight gains, remaining within a tight trading range during the early European session on Tuesday. Market participants are taking a cautious approach, preferring to wait for the upcoming release of the US Personal Consumption and Expenditure (PCE) Price Index on Friday. This key data is expected to significantly influence market perceptions about the Federal Reserve’s […]
WTI Holds Modest Gains, Trading Above Mid-$81 with Bullish Outlook Intact
WTI Holds Modest Gains, Trading Above Mid-$81 with Bullish Outlook Intact On Thursday, during the Asian trading session, West Texas Intermediate (WTI) US Crude Oil prices experienced a notable upturn, attracting buyers and reversing some of the downward movement seen the previous day. The commodity is currently trading around the $81.70 region, maintaining proximity to its over four-month peak reached earlier in the week, signaling a robust upward momentum in the oil market. This recent […]
Gold Price Nears One-Week Low, Vulnerable Due to Hawkish Fed Forecasts
Gold Price Nears One-Week Low, Vulnerable Due to Hawkish Fed Forecasts As the European trading session commences on Tuesday, the price of gold (XAU/USD) is encountering fresh selling pressure. The precious metal appears to be halting its modest overnight recovery from the $2,145 region, marking its lowest point in over a week. A key factor influencing this trend is the anticipation that the Federal Reserve (Fed) will maintain its stance on high interest rates for […]
WTI Stabilizes Near $78.50 Following Recent Upsurge Due to Changes in US Crude Oil Inventories
WTI Stabilizes Near $78.50 Following Recent Upsurge Due to Changes in US Crude Oil Inventories During the Asian trading hours on Thursday, the West Texas Intermediate (WTI) crude oil price experienced a slight decline, hovering around $78.50 per barrel. This movement follows a notable surge on Wednesday, primarily fueled by developments in the US crude oil inventory data. The US Energy Information Administration (EIA) reported that for the week ending March 1, crude oil stockpiles […]
WTI Stays Under $78.00 as US PCE Data Approaches
WTI Stays Under $78.00 as US PCE Data Approaches Western Texas Intermediate (WTI), the benchmark for US crude oil, is currently hovering around $77.75 as of Thursday. The WTI prices have seen a slight decline, influenced by the Federal Reserve’s (Fed) decision to postpone initial rate cuts and the pressure from increasing US oil inventories. Recent reports indicate a substantial rise in US crude oil stocks. The American Petroleum Institute (API) reported an increase of […]
WTI Oil Price Stays Around $77.30 Amid Potential Supply Interruptions and Russian Ban on Gasoline Exports
WTI Oil Price Stays Around $77.30 Amid Potential Supply Interruptions and Russian Ban on Gasoline Exports The West Texas Intermediate (WTI) oil prices are experiencing a surge, primarily influenced by geopolitical tensions and disruptions in international sea traffic. These disruptions have been notably caused by Iran-aligned Houthi militants. During the European trading session on Tuesday, WTI prices have been observed hovering around the $77.30 mark. The Houthi militants, based in Yemen, have escalated their activities, […]