Gold (XAUUSD) Steadies As Fresh Lockdowns Harass Dollar
In recent weeks, the dollar has been regaining strength which, in turn, resulted in falling gold prices. However, gold prices steadied in a tight range on September 22, 2020, as ...
Tag: market update
Oil Ticks As OPEC Tells Members To Stick To Quotas
On September 18, 2020, oil prices rose for a fourth consecutive day. The surge put crude on track for a weekly gain of around 10%; after Saudi Arabia pressed allies ...
Gold (XAU/USD Has No Clear Directional Bias, Remains In No Man’s Land
Despite an eventful week, gold continues to hold its $40 trading range recorded in the recent days. The precious metal seemed to remain at the mercy of the dollar dynamics ...
Gold (XAU/USD) Preference Of Uptrends Continues But Fed’s Guidance Holds Key
On September 16, 2020, gold regained the bids above $1,950 having settled Tuesday slightly lower at $1,954. The precious metal saw good two-way price swings the previous day mainly supported ...
Gold (XAU/USD) Limited Below $1,950, Formed Daily Symmetrical Triangle
Gold rose gradually on the first day of the week and was last recorded trading near the top end of its daily trading range, located just below the $1,950 zone. ...
Where Will Future Demand For Oil Come From?
It has been 60 years since the OPEC was formed. Over the years, oil prices have been rising and falling to suit various market conditions. However, 2020 has been a ...
Traders Expect Volatility To Take Gold To $5,000 And Oil To $65
2020 has mainly been affected by the coronavirus pandemic that has shattered every sector of the global economy. But, the year of the pandemic has put two commodities under the ...
Gold (XAUUSD) On The Brink Of A Triangle Breakout To $2,000
Gold has been trading a lower high and a lower low pattern for the last three days. In the past week, the precious metal has dropped slightly as the US ...
Oil And Gold Volatility Presents More Opportunities Than Risks
Most of the major movers in commodities in 2020, including precious metals like gold and oil, are expected to continue taking the spotlight until the close of this year. Traders ...
Oil Prices Fall In The Wake Of Saudi Arabia’s Ominous Signal
The oil market is once again plunging as demand fears ripple through space. On September 8, US oil prices lost 7% to trade at $36.76 a barrel. That was crude’s ...
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