TAG Commodities

Decision Day : The FOMC looms

US markets Major U.S. indexes closed mostly lower Tuesday ahead of the Federal Reserve Board rate decision, as airlines, transportation and shipping companies are feeling the squeeze from higher oil prices. But higher energy prices are stoking the inflationary fires, and that pass-through effect is pushing  US bond yields higher, which tends to lessen investors…

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Gold gains ground, investors eye Fed meeting

Gold has posted slight gains in the Tuesday session. In North American trade, the spot price for one ounce of gold is $1201.31, up 0.20% on the day. On the release front, CB Consumer Confidence, jumped to 138.4, crushing the estimate of 132.2 points. On Wednesday, the spotlight will be on the Federal Reserve, which is…

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Gold Shines Ahead of FOMC

Gold is trading above the $1,200 price level at the start of the FOMC meeting in Washington. The U.S. Federal Reserve is highly anticipated to announce a 25 basis points rate lift on Wednesday. The move has already been priced in, but gold traders will be on the look out for insights on the economic…

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Could OPEC even deliver near term barrels ??

Commodities Crude prices continued to climb early on on the expected impact of U.S. sanctions on Iranian oil exports and suggestions from OPEC and other producers that they aren’t in a rush to increase production to offset the hit to supply. Brent crude was up nearly 1 per cent in the predawn hours. Earlier, Brent…

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$100 per barrel oil ??

Crude oil prices are set to continue rising after Brent crude vaulted over $US80 a barrel this week – and forecasters are not ruling out the price hitting $US100 a barrel. “It would be easy to imagine that oil could rise to $US100,” said HSBC chief economist Paul Bloxham. “We have a forecast that sees…

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Gold is trading sideways ahead of FOMC

Gold held steady on Tuesday as the dollar stood firm ahead of the two-day U.S. Federal Reserve meeting beginning later in the day while simmering U.S.-China trade tensions kept investors nervous about risks to global growth. U.S. gold futures were down 0.1 per cent at $1,203.10 an ounce. “Gold is glued to the $1,200 see-saw…

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Commodities Weekly: Palladium up for seventh session as bullish bets rise

Precious metals PALLADIUM continues to be preferred by speculative investors, with net long positions reaching their highest since July 10. The commodity is enjoying a strong bullish streak, rising for seven straight sessions and posting gains of 8.5% in that period. Palladium touched 1,065.19 this morning, its highest level since February, and is now at…

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Headline overload

US Markets Another case of headline overload overnight. US markets closed lower overnight due to some factors including, trade war phase 2, more political turmoil ahead of US midterm after reports surface ahead Attorney General Rod Rosenstein was resigning from his post and of course equity investors taking bets off the table ahead of any…

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