United States EIA Natural Gas Storage Change above expectations (80B) in September 12: Actual (90B)
United States EIA Natural Gas Storage Change above expectations (80B) in September 12: Actual (90B) Source link
Commodities
Hybrids go for gold – FX Markets
Confidence in a continued gold price rally has enticed hedge funds back into hybrid options trades, after erroneous bets on US equities led to a pause in activity. Hybrid options, which use correlation between two or more assets to cheapen the cost of convex bets, have become a hedge fund staple for trading macro events.
United States EIA Natural Gas Storage Change came in at 71B, above expectations (66B) in September 5
United States EIA Natural Gas Storage Change came in at 71B, above expectations (66B) in September 5 Source link
XAG/USD reaches 14-year highs above $40.50 amid safe-haven demand
Silver price marked $40.85, the highest since September 2011, on Tuesday. US July Personal Consumption Expenditures Price Index pointed to sustained inflationary pressures, adding to uncertainty around potential Fed rate cuts. Silver receives support from safe-haven demand, driven by lingering uncertainty over the legality of Trump’s dismissal of Fed Governor Cook. Silver price (XAG/USD) trades
Gold sticks to strong gains nears all-time high on Fed bets, geopolitical risks
Gold prolongs its uptrend and climbs back closer to the all-time peak on Monday. Fed rate cut bets keep the USD depressed and benefit the non-yielding commodity. Escalating geopolitical tensions also lend support to the safe-haven XAU/USD pair. Gold (XAU/USD) maintains its strong bid tone through the first half of the European session on Monday
Gold attracts some buyers to near two-week high amid concerns over Fed’s independence
Gold price gains ground in Tuesday’s early European session. Concerns over Fed’s independence and potential US Fed rate cut support the Gold price. The US CB Consumer Confidence and Durable Goods Orders reports will be the highlights later on Tuesday. The Gold price (XAU/USD) rises to a two-week high near $3,385 during the early European trading hours on
Gold sticks to recovery gains; looks to FOMC Minutes for fresh impetus
Gold price recovers slightly from a nearly three-week low amid reviving safe-haven demand. Diminishing odds for a jumbo Fed rate cut underpin the USD and might cap the commodity. Hopes for a Russia-Ukraine peace deal could also act as a headwind for the XAU/USD pair. Gold (XAU/USD) sticks to its modest intraday gains through the
US Dollar retreats as focus shifts to inflation data, US-China trade talks
Here is what you need to know on Monday, August 11: The US Dollar (USD) trades modestly lower against its major rivals at the beginning of the week. On Tuesday, July Consumer Price Index (CPI) data from the US will be scrutinized by investors. In the meantime, markets will keep a close eye on fresh
Gold benefits from reviving safe-haven demand and dovish Fed expectations
Gold price attracts some safe-haven flows in reaction to Trump’s fresh tariff threats. Rising bets for a Fed rate cut in September also benefit the non-yielding commodity. The USD drops to a nearly two-week low and offers additional support to XAU/USD. Gold price (XAU/USD) climbs to the top end of the weekly range during the
Gold approaches weekly low amid notable USD demand
Gold price attracts fresh sellers amid renewed USD buying and reduced Fed rate cut bets. A generally positive risk tone is seen as another factor undermining the precious metal. Persistent trade-related uncertainties could limit losses for the safe-haven commodity. Gold price (XAU/USD) extends the overnight retracement slide from a multi-week top and continues to lose
XAG/USD reaches fresh 14-year highs near $39.00
Silver price has marked $39.10, the highest since September 2011, on Monday. The safe-haven Silver attracts buyer following President Trump’s 30% tariff on imports from the European Union and Mexico. Traders adopt caution after US economic adviser Kevin Hassett suggested that Trump could remove Fed’s Powell “if there’s cause.” Silver price (XAG/USD) extends its three-day
Gold price in Saudi Arabia: Rates on July 4
Gold prices rose in Saudi Arabia on Friday, according to data compiled by FXStreet. The price for Gold stood at 402.86 Saudi Riyals (SAR) per gram, up compared with the SAR 401.07 it cost on Thursday. The price for Gold increased to SAR 4,698.82 per tola from SAR 4,677.96 per tola a day earlier. Unit
Gold extends the range play below one-week high ahead of US ADP report
Gold price struggles to attract any meaningful buyers amid a combination of diverging forces. A modest USD bounce from a multi-year low and a positive risk tone caps the XAU/USD pair. Fed rate cut bets keep a lid on the USD and support the XAU/USD pair amid trade uncertainties. Gold price (XAU/USD) seesaws between tepid
WTI price bearish at European opening
West Texas Intermediate (WTI) Oil price falls on Friday, early in the European session. WTI trades at $72.92 per barrel, down from Thursday’s close at $75.06.Brent Oil Exchange Rate (Brent crude) is also shedding ground, trading at $75.06 after its previous daily close at $77.32. WTI Oil FAQs WTI Oil is a type of Crude
Trump signals possible Iran talks, says “anything could happen” in Middle East
United States (US) President Donald Trump said that he would hold a meeting to discuss the Iran-Israel conflict and reaffirmed that Iran should have made a deal. He added that if Iran wants to come to the White House, he may be open to it. On that headline, WTI prices tumbled from $73.94 to $72.14,
Gold trades with positive bias below $3,400; bulls seem reluctant ahead of Fed meeting
Gold price attracted some dip-buyers during the Asian session, though it lacks follow-through. Fed rate cut bets keep the USD bulls on the defensive and lend support to the XAU/USD pair. Geopolitical risks also benefit the commodity ahead of the Fed meeting starting this Tuesday. Gold price (XAU/USD) reverses an Asian session dip to the
Copper prices are edging lower – ING
Copper edged lower after China’s new-home prices fell the most in seven months, ING’s commodity analysts Warren Patterson and Ewa Manthey note. Chinese monthly primary aluminium production rises 5% “China’s property market, a key sector for base metals demand, saw a 0.2% decline in new home prices in 70 cities in April. After several months