Gold is a highly coveted commodity, but is the causal factor for the strength of the value of gold as simple as it being in high demand? The reason gold is so…
Tag: precious metals
Recovery in USD Pressures Commodity Prices in European Morning
Commodity prices drop in European morning as the dollar recovers after plunging for several days. In particular, the pound sinks against the dollar and euro after Lloyds Banking Group was barred from…
Rebounds in Equity Markets Boosted Commodity Prices
Despite weakness in Asian session, crude oil price recovered in NY session amid rebound in stock market and renewed selling in USD. The October contract slid -0.6% to 68.86. Concerning others in…
Weekly Fundamental Outlook for Energies and Metals – Gold Shines Again While Crude Loses Glitter
Star of the week was obviously gold which broke out of recent broad trading range and set to resume the long uptrend with target above 1000. We find the rally impressive as…