XAU/USD trades near $2,010 after retreating from a six-month high

Share: Gold price gains ground for the third session on subdued US Dollar. Yellow metal may receive support on the positive sentiment as PBoC boosts financial support for private firms. Fed officials favor further tightening and emphasize that decisions will be contingent on incoming data. Gold price trims some of its intraday gains

XAU/USD find demand after mixed S&P PMIs,US Dollar weakness

Share: The XAU/USD sees a boost, ascending to the $2000 level.    The US Dollar weakened after mixed S&P PMIs. Higher US yields may limit the upside of the metal.  The XAU/USD is finding traction in Friday’s session, capitalising on mixed S&P PMIs and a weakening US Dollar. The pair, commonly recognised as

XAG/USD consolidates near $23.65 area, below descending trend-line hurdle

Share: Silver oscillates in a narrow trading band for the second successive day on Friday. Bullish oscillators on the daily chart support prospects for some short-term gains. A breakout through an ascending trend line is needed to confirm the bullish bias. Silver (XAG/USD) continues with its struggle to gain any meaningful traction and

Natural Gas extends losses to $3 as downside pressure mounts

Share: Natural Gas prices fall further as a ceasefire breakthrough in Gaza looks imminent.  The US Dollar trades in the red again for this week, erasing Wednesday’s gains. Natural Gas prices could decline to $2.70 in a worst case scenario.  Natural Gas (XNG/USD) is sinking this week as a ceasefire deal in Gaza

WTI extends its upside around $77.50 on the hope for OPEC supply cuts

Share: WTI prices trade in positive territory for the third consecutive day on Tuesday. Saudi Arabia is planning to prolong oil production cuts of 1 million barrels per day through next year. The concern about a slowing global economy outweighed the prospect of deepening supply cuts by OPEC+. Oil traders will focus on

XAU/USD edges lower amid recovering US yields as markets await new catalysts

Share: The XAU/USD trades near the $1,970 level, recording a loss of 0.40%. US yields recovered and traders await potential new catalysts to model their expectations on the next Fed moves on a quiet week.  The week’s highlights are the FOMC minutes on Wednesday. In Monday’s session, XAU/USD is seeing 0.40% losses, trading

XAG/USD consolidates gains, still outlook looks bright

Share: The XAG/USD surged to a daily high of $24.15 and then settled at $23.70. Dovish bets on the Fed weight on the US Dollar and yields favouring the metal. Fed’s Susan Collins warned markets that tightening may not be over. The XAG/USD surged to a high above $24.00 on Friday and then