Commodities Category

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

WTI Dips Below $79 After Hawkish Fed Comments West Texas Intermediate (WTI) oil prices continued their downward trend, settling around $78.90 per barrel during Tuesday’s Asian trading session. Despite significant geopolitical developments, including the death of Iran’s President Ebrahim Raisi in a helicopter crash and health concerns about Saudi Arabia’s King Salman bin Abdulaziz, the

Gold Prices Rise Amid US CPI Inflation and Fed Rate Cut Expectations Gold prices (XAU/USD) gained traction on Thursday, driven by a weaker US Dollar (USD). The recent Consumer Price Index (CPI) report revealed that inflation in the US slowed in April, leading market participants to increase their expectations for US Federal Reserve (Fed) rate