WTI Crude spiked to highest levels in months despite assurances of an increase in output. Organization of the Petroleum Exporting Countries and allies, together called OPEC+ decided to boost output by 648,000 barrels per day (bpd) in July and August, instead of by 432,000 bpd as previously agreed. WTI crude futures hit $120 per barrel, adding good gains amid tight US inventories data and escalation […]
COMEX Gold futures hit near three week high on continued worries over Russia-Ukraine war but the gains failed to sustain. Rising US interest rates yet again weighed on Gold. The US Dollar tracked benchmark treasury yields after U.S. President Joe Biden stressed that he respects the central banks independence but also affirmed a laser focus on addressing inflation ahead of the November midterm elections. A […]
COMEX Silver futures saw volatile moves after witnessing good gains in last few days of May 2022. The commodity tracked choppiness in equities and was also concerned about the retail buying in major markets. A report released by the University of Michigan showed the consumer sentiment index in the US for May was downwardly revised to 58.4 from the preliminary reading of 59.1. The report […]
COMEX Silver futures saw volatile moves after witnessing good gains in last few days of May 2022. The commodity tracked choppiness in equities and was also concerned about the retail buying in major markets. A report released by the University of Michigan showed the consumer sentiment index in the US for May was downwardly revised to 58.4 from the preliminary reading of 59.1. The report […]
COMEX Silver futures saw volatile moves after witnessing good gains in last few days of May 2022. The commodity tracked choppiness in equities and was also concerned about the retail buying in major markets. A report released by the University of Michigan showed the consumer sentiment index in the US for May was downwardly revised to 58.4 from the preliminary reading of 59.1. The report […]
COMEX Gold futures hit near three week high on continued worries over Russia-Ukraine war but the gains failed to sustain. Rising US interest rates yet again weighed on Gold. The US Dollar tracked benchmark treasury yields after U.S. President Joe Biden stressed that he respects the central banks independence but also affirmed a laser focus on addressing inflation ahead of the November midterm elections. A […]
WTI Crude spiked to highest levels in months despite assurances of an increase in output. Organization of the Petroleum Exporting Countries and allies, together called OPEC+ decided to boost output by 648,000 barrels per day (bpd) in July and August, instead of by 432,000 bpd as previously agreed. WTI crude futures hit $120 per barrel, adding good gains amid tight US inventories data and escalation […]
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