WTI posts modest gains to near $69.50 as US crude stocks fall
WTI trades with mild gains near $69.50 in Thursday’s Asian session.A cautionary tone by the Fed and Chinese sluggish demand concerns undermine the WTI price.US crude oil stocks fell less
Economy
Crude Oil holds $70.00 as weak Chinese data sparks demand concerns
WTI price declines to near $69.70 in Wednesday’s early Asian sessionChinese economic data stoked concerns about demand, weighing on the WTI price US crude inventories fell by about 4.7M barrels last
Gold extends losses on higher US yields and a strong Dollar
Gold fails at $2,665 and resumes its near-term bearish trend as the US Dollar picks up.Investors’ concerns about a “hawkish cut” by the Fed on Wednesday are buoying US Treasury
XAU/USD Forecast: Gold price struggle to sustain key level $2,650 extends losses ahead of US Retail Sales data
Gold price clings to the previous rebound above $2,650 ahead of US Retail Sales data.The US Dollar stays defensive with Treasury bond yields despite hopes of a hawkish Fed in
Gold Prices pulls back prior US Retail Sales data
Gold price enters a bearish consolidation phase near a one-week trough touched on Monday.Geopolitical tensions, softer US bond yields and USD offer some support to the XAU/USD.Bets for a less
Gold price lacks bullish conviction amid elevated US bond yields but sticks to intraday gains
The gold price maintains its intraday gains, but it lacks bullish conviction in the face of elevated US bond yieldsA portion of Thursday’s retracement decline is reversed as a result
Gold price reverses after a dip to $2,700; gains bullish momentum amid mixed fundamental cues
After reaching a one-month high on Thursday, the gold market is experiencing an intraday reversal. The unmoving yellow metal is being hurt by bets on a weaker dovish Fed and
Gold hitting two-weeks high ahead of key U.S. inflation data
On Tuesday, the market’s focus turned to Wednesday’s U.S. inflation data, but growing geopolitical tensions and anticipation of a third rate decrease by the Federal Reserve next week supported gold