In the latest Food and Agriculture Organisation's (FAO) monthly update, the FAO's Food Price Index increased for the third consecutive month and average 178.1 points which is up by 2.3% ...
Concerning price action with oil falling on very bullish inventories as Trump and the FOMC indirectly boost gold. The official U.S. Crude Inventories delivered last night, announcing a monster ...
Gold Rebounded On FOMC Minutes Gold rallied aggressively after the FOMC Meeting Minutes release and now tries to take out a strong horizontal resistance. Price increased as the USD was punished by the...
Twice a year, U.S. refineries switch production from summer gasoline blends to winter blends, and vice versa. (California is an exception with more than two different grades). The switch to winter ...
Long-term breakout on the gold monthly chart is noted Original post
Gold posted strong gains in the Wednesday session. In North American trade, spot gold is trading at $1272.93, up 0.97% on the day. On the release front, there are no major events on the schedule. US ...
In the previous month crude oil gained almost 9% as declines in crude oil, gasoline and distillates inventories continued to support the price of the commodity. In that environment light crude climbed...
Key Points: U.S. RedBook signals slipping Retail Sales data. RSI Oscillator remains on an upward trajectory in neutral territory. The U.S. Core CPI result is likely to determine the near term ...
Several governments have recently announced long-range electric vehicle (EV) mandates intended to increase the use of electric powered vehicles and decrease the use of internal combustion engines in ...
Earlier today, I had the pleasure of discussing gold, equity valuations, bond bubbles, and inflation with Greg Hunter at USA Watchdog. In the interview, I mentioned the nearly “everything ...
The Renewables MMI jumped 6.9% to 77 for our August reading, as prices jumped for nearly every metal in the renewables basket sub-index. Of eight metals listed in this sub-index, seven posted price ...
For three months, MetalMiner has claimed a sideways trend for aluminum. This sideways trend could both signal a market top or a price consolidation, and a continuation pattern of the bullish market ...
Supply/demand rebalancing some time away The oil sector is firmly in a new cycle, with a dramatically lower cost profile across the industry. Inventories in the US remain at elevated levels (only just...
Copper prices are on the ascent, thanks in part to the latest Chinese trade data and genuine excitement among investors over worldwide growth and capacity cuts. According to a recent report from The ...
Volatility in gold has been decreasing recently. What does it mean for the gold market? While Bitcoin is prone to wild swings, gold’s volatility remained muted (which may, by the way, explain ...
WTI crude oil futures price seems to be on a downward voyage after repeated attempts to breakout the upper sloping trend line. On analysis of the movement of WTI crude oil futures price, I find a ...
Gold is consolidating the recent rally. That rally (basis December futures) moved the price from the $1210 area up to about $1280. This is the short-term gold chart. There’s a small head & ...
