📈 Commodities Watch — Week of Sep 8–12 Silver: $42.20 ↑ (+1.6%) Weekly Focus: Precious metals advanced as the dollar weakened after softer US labor data reinforced Fed rate cut bets. Gold defended $3620 and closed the week near $3650, while silver outperformed with stronger momentum. Oil prices posted modest gains, supported by supply jitters,…
Oil Markets & Dollar: the NFP Effect Unpacked 1. Background: Energy Demand and U.S. Jobs Data The August Nonfarm Payrolls report came in far weaker than expected, with only 22,000 jobs added versus a forecast of 75,000. The unemployment rate ticked up to 4.3%, highlighting a clear cooling in the labor market. For energy traders,…
Gold price declines in Friday’s early European session. Profit-taking and a firmer US Dollar undermine the Gold price, but rising Fed rate cut expectations might limit its losses. Traders will closely monitor the US July PCE inflation report later on Friday. The Gold price (XAU/USD) edges lower during the early European trading hours on Friday. The yellow…
Gold prices rose in United Arab Emirates on Tuesday, according to data compiled by FXStreet. The price for Gold stood at 398.93 United Arab Emirates Dirhams (AED) per gram, up compared with the AED 397.45 it cost on Monday. The price for Gold increased to AED 4,653.04 per tola from AED 4,635.80 per tola a…
Gold prices rose in Pakistan on Tuesday, according to data compiled by FXStreet. The price for Gold stood at 30,917.54 Pakistani Rupees (PKR) per gram, up compared with the PKR 30,808.63 it cost on Monday. The price for Gold increased to PKR 360,607.10 per tola from PKR 359,345.80 per tola a day earlier. Unit measure…
WTI price tumbles to around $62.05 in Wednesday’s early Asian session. The White House said Russia-Ukraine meeting plans are ‘underway’ following Trump meetings. US crude inventories fell 2.4 million barrels last week, API said. West Texas Intermediate (WTI), the US crude oil benchmark, is trading around $62.05 during the early Asian trading hours on Wednesday. The WTI…
United States CFTC Oil NC Net Positions down to 162.4K from previous 209.4K Source link
The Copper price remains firm as refining constraints pose a risk to the electronics industry. Copper trades at $5.50, still 10% above its level on Monday, as concerns about tariffs persist. Tariff-driven supply risks raise alarm across the construction sector. Copper futures are trading near $5.50 per pound on Friday, slipping from Tuesday’s high of…
Gold price remains under some selling pressure amid reduced bets for a Fed rate cut in July. The USD stands firm near a two-week high and contributes to the commodity’s offered tone. Tariff jitter weighs on investors’ sentiment, though it does little to impress the XAU/USD bulls. Gold price (XAU/USD) retains its bearish bias for…
Gold price drops to a multi-day low on Monday amid modest USD strength. Fed rate cut bets and US fiscal concerns should act as a headwind for the USD. Geopolitical risks could further offer support to the safe-haven precious metal. Gold price (XAU/USD) retains intraday bearish bias through the first half of the European session,…