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Commodities

Gold Hits Record High as Metal Prices Surge Amid Central Bank Stimulus

Metal prices surged, with gold reaching a new record and silver briefly hitting a 12-year high following central banks' easing policies. Copper also experienced a price rally amid China's additional stimulus measures. However, the price rise may not end here. Metal prices surged, with gold reaching a new record high and silver briefly hitting a…

ByPexecoSeptember 29, 20240Comments

Commodities

Oil Prices Drop as Ceasefire Hopes Rise Amid Israel-Hamas Conflict

Ceasefire hopes have risen following Israel's recent acceptance of a US bridging proposal. Hamas, however, has yet to do the same. Oil prices dropped close to their lowest levels in 2024 on Tuesday morning, following increased hopes of a ceasefire in the Israel-Hamas war. Brent crude oil prices inched down 1.03% to $76.8 per barrel…

ByPexecoAugust 20, 20240Comments

Commodities

Gold Hits Record High as Lower Rate Expectations Boost Safe-Haven Demand

Gold prices have reached a new all-time high, driven by expectations of a lower interest rate environment and increasing demand for safe-haven assets. In contrast, base metals such as copper remain weak, largely due to sluggish economic growth in major economies, particularly from China. Both spot gold and futures prices surged to a new record…

ByPexecoAugust 19, 20240Comments

Commodities

Crude Oil and Gold Prices Surge Amid Escalating Middle East Tensions

Crude oil and gold prices surged due to escalating tensions in the Middle East and the ongoing conflict between Ukraine and Russia. While increasing demand for safe-haven assets is likely to sustain gold prices, the bullish momentum in oil markets may also persist due to concerns over undersupply. Recently, both oil and gold prices surged…

ByPexecoAugust 13, 20240Comments

Commodities News

Crude Oil Prices Rebound as Demand Rises Amid Middle East Tensions

Crude oil prices saw a sharp rebound after hitting a six-month low on Wednesday. Rising demand and ongoing conflict in the Middle East are driving the price increase. The oil markets rebounded sharply on Wednesday, with the Brent futures at the Intercontinental Exchange rising 2.42% to $78.33 per barrel, and WTI futures at the New…

ByPexecoAugust 8, 20240Comments

Commodities

Gold Shines So Far in 2024 as Central Banks Invest Heavily

KEY TAKEWAYS Gold has been one of the best-performing global assets of 2024, with central banks propelling much of the demand. Global official gold reserves increased by 290 metric tons in the first quarter of the year, the largest first-quarter increase since at least 2000, according to the World Gold Council. More North American professional…

ByPexecoJuly 11, 20240Comments

Commodities

What To Watch in Oil Markets in the Second Half of the Year

KEY TAKEWAYS A decision by OPEC+ to possibly boost production sooner than expected and diverging demand forecasts could hold oil prices down in the second half of the year. The U.S. Energy Information Administration recently lowered projections for Brent crude oil prices this year. The International Energy Agency also cut its demand forecast. For consumers,…

ByPexecoJuly 6, 20240Comments

Commodities

Gold Outlook: Volatility ahead for gold’s price

Gold’s price remained relatively stable since last report. Today we are to discuss the fundamental challenges laid ahead for the precious metal as well as upcoming financial releases that may affect the direction of its price action. Finally, we will be concluding this report with a technical analysis of gold’s daily chart. Also please note that…

ByPexecoJuly 5, 20240Comments

Commodities

Oil Prices Steady Amid US Market Slack and Middle East Tensions

Oil prices seem to have stabilised somewhat since last report, in a sign of hesitation on behalf of oil bulls to advance further. In today’s report we are to have a look at the data relating to the US oil market, and continue to view the fundamentals surrounding the international oil market. To conclude the report…

ByPexecoJuly 3, 20240Comments

Commodities

Oil Bullish Sentiment Prevails Despite Bearish US Signals

Oil prices continued to be on the rise since last report, and the bullish sentiment for the commodity seems to remain present. In today’s report we are to have a look at the data relating to the US oil market, and continue to view the fundamentals surrounding the international oil prices. To conclude the report we…

ByPexecoJune 20, 20240Comments

European Central Bank ready to cut?

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ECB June cut in the works?

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Germany’s HICP rates in sight

Equities report: Equities send out mixed signals

Commodities

Gold Hits Record High as Metal Prices Surge Amid Central Bank Stimulus

Oil Prices Drop as Ceasefire Hopes Rise Amid Israel-Hamas Conflict

Gold Hits Record High as Lower Rate Expectations Boost Safe-Haven Demand

Crude Oil and Gold Prices Surge Amid Escalating Middle East Tensions

Crude Oil Prices Rebound as Demand Rises Amid Middle East Tensions

Gold Shines So Far in 2024 as Central Banks Invest Heavily

What To Watch in Oil Markets in the Second Half of the Year

Gold Outlook: Volatility ahead for gold’s price

Oil Prices Steady Amid US Market Slack and Middle East Tensions

Oil Bullish Sentiment Prevails Despite Bearish US Signals