Natural gas futures have experienced a decline following the EIA’s report of a 9 Bcf rise in inventories for the previous week. This adjustment has narrowed the storage deficit relative to the five-year average, decreasing it from 230 Bcf to 190 Bcf. “Although not without precedent, net injections are infrequent at this juncture in the Read More
Author: Comex Live
Gold futures remain stable following the establishment of a new record earlier in the trading session. Futures remain stable at $3,041.90 per troy ounce, following a peak of $3,065.20/oz earlier in the trading session. The increase in the value of the precious metal can be attributed to heightened demand for safe-haven assets, stemming from concerns Read More
U.S. natural gas futures have experienced an increase for the second consecutive session, driven by weather forecasts indicating a return of colder temperatures for the remainder of March. “Although the fundamentals continue to exhibit a downward bias, there appears to be significant support in the range of $3.95/mmBtu to $4.00/mmBtu,” notes Gelber & Associates. The Read More
