As the precious metal continues to achieve new heights, market observers are becoming more and more bullish about gold. On Friday, gold futures (GC=F) reached $3,114, marking their 17th record high of the year. This comes after Thursday’s record high, which was reached on Thursday. Concerns about the possibility of a trade war have been Read More
Trump’s new tariffs on the automotive industry have exacerbated trade tensions, which has led to an increase in the price of gold. As a result of the declaration made by President Donald Trump of the United States regarding new tariffs on automobile imports that are scheduled to begin the following week, gold prices reached their Read More
This month, gold futures have surpassed the $3,000 per troy ounce threshold, with Bank of America projecting a potential increase to $3,500 per troy ounce over the next two years. The company asserts that achieving the new target is contingent upon a 10% increase in investment demand for gold. The sources of this demand are Read More
Oil futures have experienced an upward trajectory for four consecutive sessions, buoyed by the United States’ warning of potential import tariffs on nations purchasing oil from Venezuela. “It is clear that the market perceives this as somewhat supportive,” states John Kilduff of Again Capital. However, he observes President Trump’s tendency to engage in discussions with Read More
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
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
Oil prices were little changed on Friday as traders remained cautious about frequent and steeper rate hikes by the U.S. Federal Reserve, concerns that have triggered a rout in energy prices over the last three days. Brent futures , which fell about 5% over the last three days, were up marginally from near-three week lows Read More
Oil prices pared early gains on Thursday as signs of a strong economic rebound in top crude importer China were offset by fears over the impact of potential increases to European interest rates. Brent crude futures were up 33 cents, or 0.41%, at $81.08 a barrel by 3:35 p.m. ET. U.S. West Texas Intermediate (WTI) Read More
