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Commodities: all news & analysis

Explore our extensive commodities news, which unveils critical insights into price movements, trends, and expert forecasts in the raw materials market. By examining price actions and understanding the factors influencing commodity values, understand current market dynamics. This page is designed to boost your research on historical trends, identify seasonal patterns, and sharpen your trading strategies across sectors such as energy, metals, and agriculture. Equip yourself with the knowledge necessary to enhance your understanding of the commodities landscape and elevate your trading decisions.

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Gold Price Outlook: $2500/oz Back in Focus as US Dollar Index (DXY) Bounces
Gold prices hover around $2500/oz as the DXY strengthens, with markets awaiting key data amidst geopolitical tensions. Gold ETFs see continued inflows, marking a fourth consecutive month of gains, signaling sustained investor interest. Technical analysis reveals a bearish triangle pattern on the Gold chart, suggesting a potential price decline.
28-08-2024 08:18 GMT by Zain Vawda
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Brent Crude - Oil Rallies 3% on Middle East Tension, Libya Production Halt
Brent Crude oil prices have surged by approximately 3% following escalated tensions in the Middle East, notably between Israel and Hezbollah, alongside a production halt in Libya. Libya's internal power struggle has led to the closure of oil fields by the Eastern-Based Government, affecting the country's output of around 1 million barrels per day, further supporting higher oil prices.
26-08-2024 11:11 GMT by Zain Vawda
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Markets Weekly Outlook - Powell Delivers with Nvidia Earnings, PCE Data Next
Fed Chair Powell signals policy adjustments are needed, emphasizing concerns about labor market weakness. The impact of Powell's remarks on the FX space saw GBP/USD and EUR/USD reach new highs. Markets are pricing in a 34.5% chance of a 50 bps cut and 65.5% of a 25 bps cut at the Federal Reserve's September meeting. US PCE and EU Inflation data are highlights.
23-08-2024 13:13 GMT by Zain Vawda
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Gold (XAU/USD) Retests $2500/oz Ahead of Powell’s Jackson Hole Remarks
Gold prices retest $2500/oz ahead of Fed Chair Powell's Jackson Hole speech. Gold's rebound in the European session and technical analysis suggest bullish momentum. September rate cuts likely already priced in. What impact will Powell's remarks have? Most Read: Japanese Yen Price Action Ideas: USD/JPY, EUR/JPY Gold prices are back at $2500/oz following a long awaited retracement which materialized during Thursdays US session.
23-08-2024 08:33 GMT by Zain Vawda
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USD/CAD Teeters Near Critical Support Ahead of Canadian Inflation Data
USD/CAD is approaching a crucial support zone above 1.3600 ahead of Canadian inflation data. The Loonie has strengthened recently due to rising oil prices and USD weakness. Upcoming Canadian inflation and retail sales data, along with Fed policymakers' statements, will be crucial for USD/CAD's direction. Most Read: Gold (XAU/USD) Eyes Consolidation Above $2500/oz.
19-08-2024 13:13 GMT by Zain Vawda
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Gold (XAU/USD) Eyes Consolidation Above $2500/oz. Will Bulls Hold the Line?
Gold prices surpassed the $2500/oz level on Friday despite a decrease in the likelihood of a 50 bps cut at the Federal Reserve's September meeting. The rally in gold prices is attributed to dovish remarks by Federal Reserve policymakers and concerns over rising tensions in the Middle East. From a technical standpoint, the weekly chart indicates a strong bullish trend for gold, but a retracement towards the 2450 mark is possible.
19-08-2024 06:44 GMT by Zain Vawda
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Markets Weekly Outlook - Gold Hits New ATH Ahead of Jackson Hole Symposium
Gold reaches a new all-time high as markets reassess rate cut expectations after evaluating resilient US data. The Jackson Hole Symposium will be a key event next week, with central bankers discussing strategies for growth and monetary policy. It's a data-heavy week in Europe and the US, with the release of FOMC minutes, PMI data, and speeches from Fed Chair Powell and BoE Governor Bailey.
16-08-2024 16:54 GMT by Zain Vawda
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Gold (XAU/USD) Bounces Back After US CPI, DXY Faces Challenges
Gold prices rebounded after a post-CPI selloff, aided by a struggling US Dollar Index. A sustained move above $2500/oz for gold may require an additional catalyst, like geopolitical risks. The DXY faces challenges and is likely to remain subdued, with technical indicators suggesting a potential retracement. Will it Materialize?
15-08-2024 05:36 GMT by Zain Vawda
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Demand Concerns vs. Geopolitical Risks: What's Next for Brent Crude Prices?
Rising US crude inventories are putting downward pressure on oil prices, interrupting a six-week slump. Geopolitical tensions in the Middle East and supply issues in Libya could potentially drive prices up. Softening demand from global airlines, especially for jet fuel, complicates the demand landscape. Conflicting signals from fundamental factors are expected to keep market participants on high alert. MOST READ: S&P 500, Nasdaq 100 Inch Higher Following US PPI Data Oil prices are heading for t
14-08-2024 13:31 GMT by Zain Vawda
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Brent Crude - Oil Advances as OPEC Cuts Demand Forecast
Oil prices continue to rise despite OPEC cutting demand forecasts for 2024 and 2025. OPEC is likely to extend production cuts as the October deadline approaches, with Saudi crude oil exports to China expected to drop in September. The rally is fueled by easing US recession fears, but upcoming US data releases could shift market sentiment. A host of resistance levels up ahead. will the rally have the legs to continue?
12-08-2024 11:49 GMT by Zain Vawda
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Markets Weekly Outlook - US CPI to Test Markets Following Tumultuous Week
US equities rebounded from a selloff earlier in the week, ending slightly higher. However, caution remains due to upcoming economic data releases. The Japanese Yen is heading for its first losing week in six, impacted by a peak in short-position unwinding and dovish BoJ comments. The upcoming week features significant data releases, including US and UK inflation, Chinese economic figures, and the RBNZ interest rate decision.
09-08-2024 14:39 GMT by Zain Vawda
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Gold (XAU/USD) Remains Strong Above $2400/oz as Fed Hints at Upcoming Rate Cuts
Despite a stronger US Dollar yesterday, gold's upward trend continued, bolstered by the rate cut narrative. The technical outlook for gold indicates further upside potential, with prices possibly reaching between 2440 and 2450 during the US session. The longer-term outlook is supportive of gold prices as geopolitics, ETF flows and Central Bank Buying remain in play.
09-08-2024 07:37 GMT by Zain Vawda
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Oil Prices Near Recent Lows: Demand Concerns Keep Bulls at Bay
Oil prices remain subdued due to recession fears and demand concerns. US stockpiles unexpectedly increased, adding to the bearish sentiment, EIA data out later today. Geopolitical tensions in the Middle East and China's economic outlook are also contributing factors. Most Read: USD/CAD Targets 1.3740 Support as Canada’s Trade Balance Surges Oil prices continued to struggle yesterday as increasing recession fears kept bullish investors at bay. The prospect of a recession is exacerbating global d
07-08-2024 05:18 GMT by Zain Vawda
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Gold (XAU/USD) Steadies After Volatile Monday; DXY Bounces Back
Gold prices rebounded above $2,400/oz after a dip to $2,364/oz, showing resilience despite a strengthening US Dollar. Gold benefits from expectations of more aggressive rate cuts and its safe-haven status. Geopolitical and economic risks in the second half of 2024, along with anticipated rate cuts, should theoretically support the gold rally, but a Middle East peace agreement could complicate the outlook.
06-08-2024 08:48 GMT by Zain Vawda
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Global Stock Rout as Nasdaq 100 Futures Falls 6%, Safe Havens Bid
Global markets extend losses, Nikkei plummets, Nasdaq 100 enters correction territory. Selloff attributed to recession fears, profit-taking, and geopolitical tensions. Goldman Sachs raises recession odds, Australian government increases terrorism threat level. Nasdaq 100 technical analysis indicates potential for further decline or dip-buying rebound. Most Read: Markets Weekly Outlook – Rising US Job Fears, Geopolitics in the Spotlight Global markets extended their losses in Asian trading as co
05-08-2024 05:19 GMT by Zain Vawda
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Markets Weekly Outlook - Rising US Job Fears, Geopolitics in the Spotlight
US jobs data underwhelmed, triggering the SAHM rule, signaling a likely recession. The Magnificent 7 tech companies have lost nearly $1.75 trillion in market capitalization over the past 10 days. Rate cut bets for the US face significant revisions with recessionary fears weighing on global markets. Reserve Bank of Australia (RBA) next week. Will the RBA deliver a dovish pivot. Read More: EUR/CHF: Medium-term global risk-off kickstarts (Part 2) Week in Review: US Unemployment Rate Triggers Reces
02-08-2024 13:37 GMT by Zain Vawda
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Gold, Crude Oil Prices Soar on Rising Middle East Tensions, FOMC Next
Gold and oil prices have surged due to rising tensions in the Middle East. Gold with a trendline break as bulls eye $2480/oz, FOMC meeting next. Brent crude oil found support around the 78.00 handle and is currently trading at 80.82 a barrel, with potential for further upside due to geopolitical risks.
31-07-2024 05:14 GMT by Zain Vawda
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