WTI drops to near $68.00 as OPEC cuts demand view
WTI price remains on the defensive near $68.00 in Wednesday’s early Asian session.OPEC’s latest downward revision for demand growth, a stronger USD and weak China demand drag the WTI price
Commodities
Crude Oil falls below $70.00 as China debt package disappoints market expectations
WTI prices depreciated as China’s latest stimulus measures fell short of investor expectations, further weakening demand outlooks for Oil.China announced a 10 trillion Yuan debt package that does not include
XAUUSD Forecast: Gold prices eyes more pain stepping into the US CPI Data this week
Gold sellers extend control below $2,700 early Monday as the US holiday could exaggerate price moves.The US Dollar rally pauses despite firmer Treasury bond yields and China woes-driven tepid risk
XAU/USD Forecast: Gold Prices buyers stay hopeful whilst above 38.2% Fibo level at $2,700
The US Dollar stalls with Treasury bond yields as Tesla’s earnings report lifts mood.Technically, Gold price appears a ‘buy-the-dips’ trade, 38.2% Fibo level holds the keyThe gold price is reversing
Gold: Safe-Haven Demand Amid Global Uncertainties Makes $3K a Possibility in 2024
Gold has had a spectacular bull run this year.A pullback below $2,700 may signal a deeper correction amid election uncertainty.However, swift recovery suggests gold could eye the $3,000 mark by
XAUUSD Forecast: Gold Prices buyers stay hopeful whilst above 38.2% Fibo level at $2,700
The US Dollar stalls with Treasury bond yields as Tesla’s earnings report lifts mood.Technically, Gold price appears a ‘buy-the-dips’ trade, 38.2% Fibo level holds the keyThe gold price is reversing
Crude Oil attempts to go beyond $70.00 despite IMF’s bearish outlook
Crude Oil struggles to uphold $70.00 for more than day, with more downside expected Traders expect longer sluggish demand as markets reprice Fed rate cut prospectsThe US Dollar Index broke above