Commodities Category

Gold is surging and breaking records. $2,000/oz
March 7, 2022

Gold is surging and breaking records. $2,000/oz At the start of the week, the price of gold in fast markets has just surpassed $2,000 per ounce. The catalyst is oil, as well as concerns about global stagflation. Oil prices have increased by 10% on Monday as a result of the threat of a ban on

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AUD/USD rate stages another attempt for 2022 opening range breakout
March 2, 2022

AUD/USD rate stages another attempt for 2022 opening range breakout  AUD/USD appears to be unfazed by the RBA’s dovish forward guidance as it clears the February high (0.7284), and it remains to be seen if the update to Australia’s Gross Domestic Product (GDP) report will derail the recent advance in the exchange rate amid expectations

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XAU/USD is expected to fall below $1,900 as it loses its safe-haven appeal
March 1, 2022

XAU/USD is expected to fall below $1,900 as it loses its safe-haven appeal Gold prices are aiming for support below $1,900 as the market’s risk-off impulse returns. The precious metal has been trading in a range of $1,890.92-1,911.00 as investors await a new catalyst from the Russia-Ukraine conflict. However, Russia’s invasion of Ukraine appears to

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XAU/USD remains firm around $1,910 as traders speculate on Russia’s next move
February 25, 2022

XAU/USD remains firm around $1,910 as traders speculate on Russia’s next move During a sluggish Asian session on Friday, gold (XAU/USD) maintains its late Thursday rebound from $1,878 around $1,910. The previous day’s market panic over Russia’s invasion of Ukraine propelled gold prices due to its traditional safe-haven status during early Thursday. However, by the

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Commodities have recovered the movement seen yesterday.
April 30, 2021

COMMODITIES: Commodities have recovered the movement seen yesterday. Gold and Silver trade lower but needs to sustain above 1760 and 26 in order to move up again else a fall to 1740-1720 and 25 cannot be negated. Copper may test 4.40 before again rising back to higher levels. Crude prices may face rejection above current

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