Commodities

Oil prices surge on elevated Middle East tensions, US inventories
July 31, 2024 10:30 PM AEST| By InvestingInvesting.com-- Oil prices rose sharply Wednesday as raised tensions in the Middle East increased the potential for a major disruptions to supplies from this key oil-producing region.

Gold prices rise past $2,400 with Fed, Middle East tensions in focus
July 31, 2024 03:40 PM AEST| By InvestingInvesting.com-- Gold prices rose in Asian trade on Wednesday, encouraged by a softer dollar as traders awaited more cues on interest rate cuts from the Federal Reserve.

Oil prices surge over 1% on report of Hamas chief being killed in Iran
July 31, 2024 01:38 PM AEST| By InvestingInvesting.com-- Oil prices rose sharply in Asian trade on Wednesday after reports said that Hamas leader Ismail Haniyeh was killed in by an Israeli strike in Iran's capital, potentially heralding a sp

Oil prices rise as Israel retaliates against Hezbollah, US inventories shrink
July 31, 2024 11:30 AM AEST| By InvestingInvesting.com-- Oil prices rose in Asian trade on Wednesday, recovering a measure of recent losses as Israeli strikes against the Hezbollah group, in retaliation for a weekend attack, saw traders pric

Oil prices settle lower as China concerns weigh; US inventory data in focus
July 31, 2024 04:34 AM AEST| By InvestingInvesting.com -- Oil prices fell sharply Tuesday as concerns about demand growth in China, the world's largest crude importer, and fears about potentially supply surplus continued to weigh on sentimen

Oil prices fall as Middle East fears ease, OPEC meeting due
July 30, 2024 10:36 PM AEST| By InvestingInvesting.com -- Oil prices fell to a near two-month low Tuesday on concerns about demand growth in China, the world's largest crude importer, while the lack of immediate escalation in tensions betwee

Palladium outlook remains negative; targeting price drop to $900/oz: UBS
July 30, 2024 09:02 PM AEST| By InvestingInvesting.com -- UBS Global Research in a note dated Monday, has maintained a bearish stance on palladium, forecasting a price decline to $900/oz within the next 12 months. The brokerage attributes th

Gold prices muted as Fed approaches; Copper near 4-mth low
July 30, 2024 03:18 PM AEST| By InvestingInvesting.com-- Gold prices rose slightly on Tuesday, steadying after a sharp drop in the prior session as anticipation of a Federal Reserve meeting and more cues on interest rates kept traders biased

Oil prices dip below $80 as M.east fears ease, OPEC meeting awaited
July 30, 2024 12:04 PM AEST| By InvestingInvesting.com-- Oil prices fell to a near two-month low in Asian trade on Tuesday as a lack of immediate escalation in tensions between Israel and Hezbollah saw traders price out a risk premium from p

Oil prices settle lower as Israel-Hezbollah tensions offset by supply concerns
July 30, 2024 05:16 AM AEST| By InvestingInvesting.com-- Oil prices settled lower Monday, as concerns of weakening global demand and stronger non-OPEC output weighed on sentiment offset rising geopolitical tensions.

'Oil’s Bermuda triangle is nearing an end': Get ready for a breakout- BofA
July 29, 2024 10:06 PM AEST| By InvestingInvesting.com -- Bank of America (BofA), in a note dated July 28, has issued a stark warning that the oil market is on the precipice of a dramatic breakout. After over a year of trading within a tight

Oil prices fall despite raised Israel-Hezbollah tensions
July 29, 2024 09:58 PM AEST| By InvestingInvesting.com-- Oil prices slipped lower Monday, with raised geopolitical tensions in the Middle East insufficient to overturn concerns of weakening global demand.

$9,000/mt is an attractive medium-term entry point for Copper: UBS
July 29, 2024 09:02 PM AEST| By InvestingInvesting.com -- Copper Copper Futures prices recently took a tumble, falling below $9,000/mt for the first time since April. This was driven by a combination of factors, including rising inventories,

UBS: Investors should stay long silver, further pullbacks should be short-lived
July 29, 2024 08:38 PM AEST| By InvestingInvesting.com -- UBS Global Research, in a note dated July 26, has maintained its positive stance on silver Silver Futures despite the recent sharp price decline, attributing the volatility to a combi

Gold prices rise to near $2,400 with focus on Fed, rate cuts
July 29, 2024 03:26 PM AEST| By InvestingInvesting.com-- Gold prices rose in Asian trade on Monday, recovering more ground from a rout through most of July as focus turned to an upcoming Federal Reserve meeting where the central bank is expe

Oil prices flat with Israel-Hezbollah tensions in focus
July 29, 2024 11:58 AM AEST| By InvestingInvesting.com-- Oil prices were flat in Asian trade on Monday as a missile strike on an Israel-occupied territory ramped up concerns over a greater conflict with Lebanese group Hezbollah.

Oil prices in third weekly plunge as demand concerns bite
July 27, 2024 05:32 AM AEST| By InvestingInvesting.com-- Oil prices settled lower Friday, suffering a third consecutive losing week as concerns over sluggish demand conditions in China dented sentiment.

Should you buy a dip in copper prices? UBS discusses
July 27, 2024 12:44 AM AEST| By InvestingThe recent dip in copper prices has investors questioning whether now is the time to buy. UBS analysts have weighed in, providing a nuanced view on the current and future outlook for copper.

Oil prices fall; set for weekly losses on demand concerns
July 26, 2024 11:10 PM AEST| By InvestingInvesting.com-- Oil prices fell Friday, on course for a third consecutive losing week as concerns over sluggish demand conditions in Asia weighed.

Gold prices rise but nurse weekly losses with PCE data on tap
July 26, 2024 03:14 PM AEST| By InvestingInvesting.com-- Gold prices rose in Asian trade on Friday but were nursing steep losses through the week as traders remained largely biased towards the dollar before more cues on interest rates in the

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