Commodities

Introduction: Geopolitical Developments Impact Crude Prices Oil prices experienced a modest increase on Friday, with ongoing tensions in Gaza contributing to market fluctuations. The situation intensified following reports of fatalities among Palestinians waiting for aid, adding complexity to ceasefire negotiations. Brent Crude Futures: Slight Uptick Brent crude futures for May …

Amid ongoing indications of inflation losing steam on both sides of the Atlantic and consistent wagers that the Fed and the ECB will cut interest rates at some point this summer, the US dollar’s continuing purchasing pressure put additional pressure on the risk-linked assets. Economic Data The personal consumption expenditures …

Gold prices surged over 0.50% in the North American session after the release of the Fed’s Core Personal Consumption Expenditure Price Index, which confirmed the continued disinflation trend. The data supported the fall in US Treasury bond yields, which correlate inversely to precious metals prices. The Core PCE report showed …

Introduction: Market Stability Amidst Awaited Economic Indicators Oil prices stabilized on Thursday, with investors exercising caution ahead of anticipated US data releases that are expected to provide insights into interest rate expectations. Additionally, attention remains on the OPEC+ alliance’s decision regarding production cuts. Brent Crude Futures: April Contract Expires Brent …

Traders Exercise Caution Ahead of Crucial Economic Indicators Gold prices stabilized on Thursday as traders exercised caution, refraining from initiating new positions in anticipation of the release of significant inflation data in the United States later in the day. This data is expected to provide further insights into the Federal …

Oil Markets Face Pressure from Surging US Crude Inventories and Interest Rate Uncertainties Oil prices continued their downward trajectory on Thursday, extending losses from the previous session. The market was weighed down by a larger-than-expected growth in US crude inventories, signaling potential challenges to demand, alongside indications of sustained high …

Bitcoin has hit $63000 after more than two years below this level, and liquidations have surpassed $277 million in the last 24 hours. This massive rally in the pioneer cryptocurrency could be attributed to the spot ETF approval. Bitcoin price has shattered past the $63000 threshold, with the bulls not …

Thanks to recent slew of data on economic growth and a decline in US Treasury yields, the price of gold is stable around $2034 per ounce. Concerns about policy easing from the Fed and mixed US economic data keep gold investors on edge. Gold’s advances are limited by the 50-day …

Oil Prices Retreat on Rate Cut Delay Speculations Despite OPEC+ Production Cut Extension Possibilities Oil prices experienced a decline in Asian trading on Wednesday, as concerns over potential delays in US interest rate cuts and a surge in US crude inventories outweighed earlier support derived from reports suggesting a potential …

Markets seem to have entered a consolidative stage ahead of key data releases on both sides of the ocean, while Fed speakers and ECB officials equally appear aligned behind the idea of cutting rates later than the majority of investors anticipate.The USD Index maintained its gradual leg lower in place, …