Commodities

Gold maintains upward bias on Iran and Fed speak?

Gold surged at the beginning of the week due to escalating geopolitical tensions, reaching a new all-time high of $2,450. However, it has since retreated slightly but perhaps maintains an upward bias....

Is gold or silver the trade to make this week?

This week's trade could be a decision between gold and silver. The former might be swayed by the seven fed officials that are planned to speak this week, while the latter could be influenced by the #SilverSqueeze movement that is...

What did Powell say and what did gold do?

Federal Reserve Chair Jerome Powell expressed reservations about the trajectory of disinflation in the US during his recent remarks, stating, "My confidence in that is not as high as it was." Despite this, he indicated that further rate hikes were...

Gold recovers above $2,300: What’s next?

Gold managed to recover its losses yesterday (biggest daily slump in almost 2 years) on weak US PMI data. The thought here is that sluggish growth indicators might push the Federal Reserve towards an earlier interest rate cut (although don't...

Gold technical analysis amid Iran-Israel uncertainty

Gold hovers around the $2,370, with trading range relatively narrow as investors closely monitor updates on the Iran-Israel conflict. Israel's stance on retaliating against Iran revolves not around whether but when and how to strike back. Bezalel Smotrich, Israel's Finance...

Gold & oil volatility grows amid Middle East escalation

Financial markets are bracing for the uncertainty surrounding Iran's recent strike on Israel and the potential for retaliatory measures....

What could stop gold’s bullish momentum?

The end of the week brings a host of significant data releases, including the US Consumer Price Index (CPI), the FOMC minutes from the March meeting, and interest rate decisions from both the Bank of Canada and the European Central...

Could gold close above $2200 this week or next?

Examining the daily gold chart, it appears there's a potential bullish flagpole pattern forming, indicating a possible forthcoming breakout. If this pattern unfolds, gold prices could rise. This week, gold attempted to breach $2,200 but faced rejection, dropping to $2,080...

3 Commodities to watch closely this week

This week's spotlight shines on cocoa, where record-breaking futures prices signal supply shortages due to poor harvests in key producing countries like Ivory Coast and Ghana. European gas futures remain elevated amidst regional tensions following recent attacks, while gold's trajectory...
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