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Gold Tests One Week Low Before Witnessing Recovery

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COMEX Gold fell sharply amid sustained selling pressure in last session. The metal tested one week low under $1940 per ounce before some buying...

WTI Crude Jumps Above $41 Per Barrel

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WTI Crude oil jumped above $41 per barrel in last session, rallying more than 2% as traders focused on OPEC+ updates. Top energy ministers...

COMEX Copper Soars To 27 Month High

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COMEX Copper rallied to 27 month high yet again as global central banks remained in a dovish mode. The Bank of England kept its...

Sterling fell sharply after UK rate setters are planning to deploy negative rates

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Policymakers warned if the economy fail to resist the fallout, negative rates are likely to hit in coming quarters.Later Sterling revived after EU President...

Gold Hit Two Week High Above $1980 Per Ounce

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Gold hit two week high above $1980 per ounce as the Federal Reserve kept rates unchanged Wednesday, and reiterated that monetary policy would remain...

EIA Reports 4.4 Million Barrels Drop In US Crude Inventories

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The US Energy Information Administration reported a crude oil inventory draw of 4.4 million barrels for the week to September 11th 2020. At 496...

Copper Slides Near $3 Per Pound

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Copper stayed choppy yesterday and fell sharply today. DOW eased from its intraday highs as buying was limited despite Fed's assurance of keeping rates...

Dollar Rebound After Fed Turned Slightly Hawkish By Avoiding Providing Any Concrete Guidance On...

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It was widely expected that Fed will keep the rates lower for longer duration and it did so. Fed signaled lower rates until at-least...

Gold To Eye FOMC Meet

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COMEX Gold futures eased as traders eyed the outcome of US FOMC meet on Wednesday. COMEX Gold trades at $1962 per ounce, down 0.07%...

WTI Crude Oil Soared 3% To Edge Up Above $38 Per Barrel As Hurricane...

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WTI Crude oil soared 3% to edge up above $38 per barrel as Hurricane Sally, a category two hurricane, threatens both Gulf of Mexico...