Front-month gold futures retreated following the establishment of a new record yesterday, reaching $3,040 per troy ounce. The contract declined by 0.7% to $3,018.20 per ounce on Friday; however, it concluded the week with a net gain. According to Kieran Tompkins of Capital Economics, analysts have linked the surge in gold prices to increased concerns Read More
Author: Comex Live
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
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