Commodities Category

XAU/USD is flirting with a significant daily golden ratio of 61.8 percent
April 1, 2022

XAU/USD is flirting with a significant daily golden ratio of 61.8 percent At $1,935, the gold price is a tad lower at the start of the week’s last day, down around 0.1 percent. So far, the yellow metal has ranged from a high of $1,937.92 to a low of $1,932.56. Overnight, the precious metal was

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The Dow & S&P 500 finish down after 4 days of gains as Russia attacks Ukraine
March 31, 2022

The Dow & S&P 500 finish down after 4 days of gains as Russia attacks Ukraine The Dow and S&P 500 both dipped on Wednesday, ending four-session winning streaks, on dwindling prospects of progress in peace talks between Ukraine and Russia, against a backdrop of a hawkish Federal Reserve stifling economic development. A day after

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XAU/USD maintains small advances near $1,925, but lacks follow-through
March 21, 2022

XAU/USD maintains small advances near $1,925, but lacks follow-through Gold crept up in the early hours of Monday trade, but there was little follow-through purchasing or strong positive confidence. There appears to be no end in sight to Ukraine’s prolonged conflict, which has rejected Russia’s offers to hand up the port city of Mariupol. The

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XAU/USD is approaching $1,935 as a result of China’s commodity woes and Ukraine concerns
March 15, 2022

XAU/USD is approaching $1,935 as a result of China’s commodity woes and Ukraine concerns Gold (XAU/USD) re-establishes an intraday low around $1,942, down 0.45 percent on the day, as COVID-19 concerns about China add to the yellow metal’s recent weakness during Tuesday’s Asian session. Bears are also aided by mixed concerns about the Russia-Ukraine crisis,

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With peace talks on the horizon, the XAU/USD remains below $2,000 per ounce
March 10, 2022

With peace talks on the horizon, the XAU/USD remains below $2,000 per ounce On Wednesday, gold suffered greatly as risk sentiment improved. After reaching a 19-month high at the start of the week, the precious metal fell back below $2,000 per ounce. Spot gold fell 3.3 percent to $1,976 per ounce, capping a rally that

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