Gold could fall below the $ 1,800 level this year, according to Morgan Stanley. Weak inflation and the global economic recovery could weaken demand for the yellow metal. Analysts at investment banking giant Morgan Stanley predict that the Gold will fall below $ 1,800 per ounce by the end of 2021as rising inflation is likely […]
Tag: Raw Materials
WTI remains at annual highs at $ 60.00
The WTI barrel finally breaks above the $ 60.00 level. Risk appetite continues to support the recovery. The API and EIA reports will be released later in the week. Crude oil prices they extend the rally and finally break above the $ 60.00 level on Monday. WTI sustained by risk appetite West Texas Intermediate prices […]
XAG / USD bulls prepare for a move past the $ 27.80 resistance zone
Silver gains traction for the second day in a row on Monday and rises to multi-day highs. The technical setup favors the bulls and supports the prospects for a move past the $ 27.80 resistance. Only a sustained break below $ 27.00 will nullify the constructive outlook for the white metal. Silver is moving higher […]
XAU / USD cuts intraday losses, downside potential intact
Risk appetite sparked new gold sales on Monday. The sustained sale of USD helped limit the decline in the commodity. The setup favors bearish traders, although it warrants some caution. The oro It was unable to capitalize on the intraday bounce from the previous session and witnessed some new selling on the first day of […]
XAG / USD on the rise, $ 27.80 is crucial resistance
While silver is trading higher, the $ 27.80 resistance remains intact. A move above that level would confirm a breakout of the range. Silver is trading near $ 27.55 at time of writing, up 0.87% on the day. While the metal remains positive, it has yet to break above the $ 27.80 resistance (the high […]
Tensions in the Middle East fueled the move, but it falters just below the $ 61 level
Tensions in the Middle East propelled WTI above $ 60, to new yearly highs. WTI retreats from the highs, still climbing 2% in the European session. Optimism about vaccines and US stimulus keep hopes of economic recovery alive. The WTI (futures on NYMEX) is retreating from the highest levels since January 2020 reached in the […]
XAU / USD remains under pressure below $ 1,820 level amid risk appetite
A combination of factors triggers new sales around gold on Monday. Market optimism and rising US bond yields put pressure on the precious metal. The sustained sale of USD could offer some support and help limit any further decline. The oro remains on the defensive during the first half of the European session, trading near […]
WTI rises above $ 59.00 level to 13-month highs amid dollar weakness
WTI has risen above $ 59.00 in recent trading amid weak USD and a positive fundamental backdrop. Thus, crude oil markets have more than made up for losses suffered on Thursday amid pessimistic reports from OPEC and EIA. The prior month’s futures contracts for the US benchmark for light sweet crude, West Texas Intermediary (or […]
XAU / USD finds some support ahead of weekly lows, for now at least
Gold witnessed some subsequent selling for the second straight session on Friday. A strong rally in US bond yields sustained the USD and weighed on the metal. The risk tone supported the XAU / SUD safe haven and helped limit losses. The oro It lost some additional ground during the early North American session and […]
XAU / USD struggling near multi-day lows below $ 1,820 level
Gold remains under intense selling pressure for the second day in a row on Friday. The previous day’s rally in US bond yields benefits the USD and puts pressure on gold prices. The underlying bullish sentiment further affects the precious metal’s safe-haven status. The oro moves lower during the European session on Friday, falling to […]