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- Crude Oil: Oil trading higher ahead of Baker Hughes weekly rig count data
- Silver; White metal trading on a weaker footing this morning
- Gold: Yellow metal reverses it gains in the Asian session
- AUD/USD: Australia’s retail sales climbed in July
- USD/CAD: Loonie trading on a stronger footing this morning
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Silver: White metal’s decline accelerates in the Asian session
Silver Movement Silver prices declined 0.57% to the USD21.72 per ounce during the 24 hours ending 23:00GMT, as concerns over Fed’s stimulus decision and a weak demand outlook for the industrial metals, spooked investors’ confidence. In the Asian session, at … Continue reading
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Gold: Yellow metal trading below $1,300 level in the Asian session
Gold Movement Gold prices traded lower by 0.55% against the USD in the 24 hour period ending 23:00GMT, at 1306.89 per ounce, as a downbeat rise in the US consumer inflation data for August, weighed on the precious metal’s appeal … Continue reading
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Crude Oil: Crude extends its decline in the Asian session
Crude Oil Movement Crude Oil prices declined 1.09% against the USD for the 24 hour period ending 23:00GMT, closing at 106.05, as investors continued to cheer plans to avert a possible US military strike over Syria, which in turn eased … Continue reading
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Silver: Silver pares previous sessions’ losses
Silver Movement Silver prices declined 1.98% to the USD21.85 per ounce during the 24 hours ending 23:00GMT, as lingering concerns over the Fed’s interest rate decision weighed on the dollar-denominated commodity. In the Asian session, at GMT0300, Silver is trading … Continue reading
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Gold: Yellow metal hurt by Fed tapering speculation
Gold Movement Gold prices traded lower by 1.26% against the USD in the 24 hour period ending 23:00GMT, at 1314.09 per ounce, amid speculation that the Fed might decide to start tapering its $85 billion asset-purchase programme, in its policy … Continue reading
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Crude Oil: Crude Oil lower as traders digested weak US economic data
Crude Oil Movement On Friday, Crude Oil prices declined 0.10% against the USD for the period ending 21:00GMT, closing at 108.55, as the latest batch of dismal economic releases from the US weighed on the demand prospect of the crude … Continue reading
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Silver: White metal gives up gains in the Asian session
Silver Movement On Friday, Silver prices rose 1.37% to the USD22.20 per ounce during the period ending 21:00GMT, as a weakness in the US dollar enhanced the demand outlook of the dollar-denominated metal. In the Asian session, at GMT0300, Silver … Continue reading
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Gold: Yellow metal continues to shine in the morning session
Gold Movement On Friday Gold prices traded higher by 0.29% against the USD in the period ending 21:00GMT, at 1,327.60 per ounce, as a weaker dollar bolstered the demand outlook of the dollar denominated commodity. However, speculation that the Fed … Continue reading
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Crude Oil: Crude advanced buoyed by IEA’s upbeat demand forecast, pares gains in the Asian session
Crude Oil Movement Crude Oil prices advanced 0.91% against the USD for the 24 hour period ending 23:00GMT, closing at 108.66, as investors cheered International Energy Agency’s (IEA) upbeat forecast for global oil demand next year. However, a stronger dollar … Continue reading
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Silver: White metal tumbled pressurised by stronger dollar, pares losses in the morning session
Silver Movement Silver prices declined 5.41% to the USD21.90 per ounce during the 24 hours ending 23:00GMT, as a stronger dollar and soft demand for industrial metals weighed on the demand prospect of the white metal. In the Asian session, … Continue reading
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Gold: Yellow metal rebounds from losses in the morning session
Gold Movement Gold prices traded lower by 2.98% against the USD in the 24 hour period ending 23:00GMT, at 1,323.72 per ounce, as the demand prospect of the dollar-denominated yellow metal was hurt after the US dollar gained ground following … Continue reading
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