Other Markets
Gold Analysis
Spot gold prices are trading around unchanged levels Tuesday with prices so far confined to a tight trading range during Asian traded hours. Prices in the precious metal continue to drift around, with no fresh catalyst seen to spur prices convincingly in either direction.
Crude Oil Analysis
September Nymex WTI futures are trading in positive territory Tuesday after posting their lowest close in a week. September WTI futures ended Monday’s session sharply lower, settling at $88.14 a barrel, a huge drop of 4.2% on the day as more adverse eurozone headlines sent risk assets into deep negative territory across the board.
Gold Analysis
Spot gold prices are trading in negative territory Monday amid a stronger showing from the USD as Asian markets start the week in a risk-off tone.
Crude Oil Analysis
September Nymex WTI futures are trading in negative territory Monday in tandem with a general risk-off theme observed across Asian markets this morning. WTI had ended Friday’s session 1.2% lower at $91.83 a barrel.
Gold Analysis
Spot gold prices are trading around unchanged levels Friday and are on course to post a weekly loss of around 0.5%. Prices continue to trade on a range bound basis amid continued uncertainty surrounding the US Federal Reserve’s stance on whether they will unleash a fresh wave of quantitative easing (QE) on the market.
Crude Oil Analysis
September Nymex WTI futures are trading modestly lower Friday after posting an eight-week high during the previous session. August futures, which expire today, ended Thursday’s session at $92.66 a barrel, up $2.79, after trading up to an intra-day high of $92.94, the highest level seen since May 22.
Gold Analysis
Spot gold prices are trading modestly higher Thursday amid a slightly weaker showing from the US dollar observed during Asian traded hours.
Crude Oil Analysis
August Nymex WTI futures are trading higher Thursday, extending their gains from the previous session. August WTI, which expires on Friday, ended the session 65 cents, or 0.7%, higher at $89.87, with prices underpinned by geopolitical issues involving violence in Syria and rising tensions in Iran.
Gold Analysis
Spot gold prices are trading in negative territory Wednesday as the lack of any hint of fresh stimulus measures from the Federal Reserve begins to take its toll on the precious metal.
Crude Oil Analysis
August Nymex WTI prices are trading in negative territory Wednesday as the market digests Tuesday’s testimony by US Federal Reserve Chairman Ben Bernanke.
Gold Analysis
Spot gold prices are trading narrowly higher Tuesday after closing the previous session unchanged. Gold ended Monday’s session marginally lower at $1589.38 a troy ounce, with prices advancing from session lows of around $1578 upon the release of some weak US retail sales data, which in turn pushed the USD lower as speculation levels grew […]
Crude Oil Analysis
August Nymex WTI prices are trading narrowly higher Tuesday after posting a positive close for the fourth straight session yesterday. WTI ended Monday’s session 1.5% higher to close at $88.43 a barrel, the highest close seen since May 29.