Commodities Category

Gold Prices Hit Two-Week High as Buyers Bet on Fed Rate Cut Gold prices (XAU/USD) have seen consistent buying interest for the second consecutive day, reaching a two-week peak around the $2,373 mark during the early European trading session on Thursday. The momentum is distinctly bullish, fueled by expectations that major central banks worldwide might

WTI Falls Below $74 Amid OPEC+ Plans to Reduce Production Cuts West Texas Intermediate (WTI) oil prices continued their downward trend for the fifth consecutive day, trading at approximately $73.90 per barrel during the Asian trading session on Tuesday. This recent decline in crude oil prices stems from the Organization of the Petroleum Exporting Countries

WTI Nears $79 as Key US Economic Data Looms In the Asian trading session on Thursday, West Texas Intermediate (WTI) crude oil fell slightly to around $79.00 per barrel. Traders are closely monitoring upcoming economic reports, including today’s US Crude Oil Stocks Change report from the Energy Information Administration. Expectations are set for a drawdown

WTI Nears $78.50 as US Inflation Data, OPEC+ Meeting Loom West Texas Intermediate (WTI) crude oil prices edged higher as traders anticipate the upcoming meeting of the Organization of the Petroleum Exporting Countries and allies, including Russia (OPEC+), scheduled for June 2. The meeting will address whether to extend the current voluntary output cuts of

Gold Prices Fall Further Due to Fed’s Hawkish Outlook On Wednesday, gold prices faced downward pressure as sellers stepped in, influenced by the latest Federal Open Market Committee (FOMC) minutes, which were perceived as markedly more hawkish than earlier communications. This interpretation suggests that the U.S. Federal Reserve may maintain its tight monetary policy stance