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
Monetary policy
Gold price struggles to build on recovery gains amid rising US bond yields
Gold price attracts some haven flows amid the post-FOMC sell-off in the equity markets. The Fed’s hawkish outlook continues to lift the US bond yields and caps the XAU/USD. Traders
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 price trading negative bias amid bullish USD; focus remains on Fed rate decision
Gold price struggles to gain any meaningful traction and remains confined in a narrow rangeExpectations for a less dovish Fed and elevated US bond yields cap the non-yielding XAU/USDGeopolitical risks
WTI trades around $70.50, possible seem limited due to rising supply threats
WTI may appreciate further due to rising expectations of supply threats amid US sanctions on major producers Russia and IranThe US is considering further sanctions on “dark fleet” tankers and
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