Introduction In a quiet and controlled trading session, the gold price exhibited a narrow consolidation pattern between the price levels of $1,945 and $1,952. As the Asian market opened on Wednesday, investors observed a stable XAU/USD performance, hinting at a cautious sentiment prevailing within the precious metals market. This article.
Introduction In a recent development that has sent ripples through the global energy market, a Bloomberg survey conducted on Tuesday indicates a significant plummet in Crude Oil production by the Organization of Petroleum Exporting Countries (OPEC). The survey reports the most substantial decline witnessed in the past three years, with.
Introduction: OPEC’s July Crude Oil Output Drops by 840,000 bpd The Organization of the Petroleum Exporting Countries (OPEC), a crucial player in the global oil market, witnessed a substantial decline in its crude oil output in July. The output dropped by 840,000 barrels per day (bpd) compared to the previous.
Introduction The silver market, represented by XAG/USD, is experiencing a tense trading situation during early Tuesday in Asia. The bright metal is encountering challenges as it strives to extend its two-day uptrend near the price range of $24.70-75. A variety of factors, including bullish options market signals, a stronger US.
Natural gas prices (XNG/USD) continue their upward momentum, reaching an intraday high of $2.70 on Tuesday following a lackluster start to the week. Investors are closely monitoring market sentiment, which is favoring higher energy demand projections. Despite potential challenges such as increased supplies and a strong US Dollar, the market.
Introduction In early Tuesday morning trading in Europe, WTI crude oil buyers eased off the accelerator as the energy benchmark took a breather at the highest levels seen in 3.5 months. This pause comes after four consecutive days of gains, marking the first daily loss in this recent rally. At.
In a significant market development, the Gold Price experiences a retreat from the upper limit of its trading range, which has been oscillating between $1,950 and $1,970. The precious metal, known for its safe-haven attributes, has been subject to a tug-of-war between bullish and bearish market players. As the price.
Introduction The crude oil futures market witnessed contrasting movements on Thursday, with open interest continuing its downward trajectory for the second consecutive session. Preliminary data from CME Group indicates a decrease of around 2.5K contracts. Simultaneously, trading volume surged dramatically, showing an increase of nearly 130K contracts, following two consecutive.
In a promising turn of events, the silver price (XAG/USD) has managed to pare its weekly losses, indicating a possible reversal in its recent downtrend. During the early hours of Monday’s Asian trading session, silver displayed a mild bid, with the price surging towards $24.35, while finding strong support above.
In the early Asian session, Western Texas Intermediate (WTI), the US crude oil benchmark, experienced a slight retreat, trading around the $80.20 mark. The recent dip comes in the wake of influential US economic indicators, the Personal Consumption Expenditures (PCE) Price Index, and the Michigan Consumer Sentiment Index, which have.
Introduction The Natural Gas Price (XNG/USD) is showing resilience in early Monday morning trading in Asia, as it holds steady near the $2.68 mark. The market has witnessed a modest uptick of 0.45% intraday, allowing it to recover slightly from the losses incurred the previous week. Despite the mild losses,.
The gold market faces challenges as it struggles to capitalize on the rebound it experienced on Friday from a two-week low. Despite initial gains, the precious metal continues to trade on a softer note at the start of the new week. As investors keep a close eye on the XAU/USD.