Commodities

Gold prices weak as rate fears mount ahead of Fed, CPI data
June 10, 2024 03:08 PM AEST| By InvestingInvesting.com-- Gold prices moved in a flat-to-low range in Asian trade on Monday, nursing steep losses from last week as fears of high U.S. interest rates mounted before a Federal Reserve meeting and

Oil prices steady ahead of OPEC report, more rate cues
June 10, 2024 12:14 PM AEST| By InvestingInvesting.com-- Oil prices rose slightly in Asian trade on Monday, steadying after three straight weeks of losses as traders awaited more cues on U.S. interest rates and the OPEC due later this week.

Oil prices just higher after jobs data; OPEC+ prompts weekly losses
June 07, 2024 11:28 PM AEST| By InvestingInvesting.com-- Oil prices stabilized Friday after strong U.S. jobs data, with traders weighing up the potential for interest rates to remain elevated for longer with healthy economic activity in the

Gold prices rise towards $2,400 as rate cut bets grow before payrolls data
June 07, 2024 03:24 PM AEST| By InvestingInvesting.com-- Gold prices rose in Asian trade on Friday, coming close to key highs as bets on interest rate cuts by the Federal Reserve grew in anticipation of key nonfarm payrolls data due later in

Oil prices rise on rate cut cheer, OPEC+ soothes oversupply fears
June 07, 2024 11:36 AM AEST| By InvestingInvesting.com-- Oil prices rose in Asian trade on Friday, extending a mid-week rebound after OPEC+ members sought to reassure markets over potential supply increases, while traders welcomed rate cuts

Oil prices settle higher on global rate-cut optimism after ECB delivers first cut
June 07, 2024 04:40 AM AEST| By InvestingInvesting.com -- Oil prices settled higher Thursday, as signs that global rates cuts are underway boosted optimism on the global economy easing demand worries somewhat following an unexpected build in

JPM: Taper tantrum in oil is unnecessary
June 06, 2024 11:40 PM AEST| By InvestingJPMorgan (NYSE:JPM) strategists dismissed concerns about the so-called "taper tantrum" in the oil market, asserting that fears are “unnecessary.”

Oil prices edge higher after initial claims boost rate cut optimism
June 06, 2024 11:00 PM AEST| By InvestingInvesting.com -- Oil prices edged higher Thursday, extending a rebound from four-month lows as optimism over lower interest rates in the coming months offset an unexpected build in U.S. inventories.

Gold prices surge on rate cut hopes, copper rebounds
June 06, 2024 03:12 PM AEST| By InvestingInvesting.com-- Gold prices rose in Asian trade on Thursday, extending gains this week as weak economic data fueled expectations of interest rate cuts by the Federal Reserve, denting the dollar.

Oil prices rise as rate cut optimism offsets inventory build, demand fears
June 06, 2024 11:24 AM AEST| By InvestingInvesting.com-- Oil prices rose in Asian trade on Thursday, extending a rebound from four-month lows as optimism over lower interest rates in the coming months offset negative signals from an unexpect

Further drop in oil prices may spark OPEC+ to walk back phasing out of cuts: Roth
June 06, 2024 07:12 AM AEST| By InvestingInvesting.com -- The recent OPEC+ announcement to begin easing production curbs later this year has been blamed for the recent turmoil seen in oil prices, but one analyst believes that if prices conti

World central banks continue to accumulate gold
June 06, 2024 12:58 AM AEST| By InvestingInvesting.com - While total gold purchases by central banks were similar to those seen in March, sales halted in April, leading to significant net increases in bank reserves, according to Krishan Gopa

UBS raises silver price forecasts, expects outperformance vs gold
June 06, 2024 12:36 AM AEST| By InvestingUBS strategists have lifted their silver price forecasts, expecting that the white metal will outperform gold in the near term.

Oil prices bounce off lows; weak US jobs data point to rate cuts
June 05, 2024 10:50 PM AEST| By InvestingInvesting.com -- Oil prices edged higher Wednesday, bouncing from four-month lows after the release of more data showing the cooling of the U.S. labor market.

Gold prices forecast: UBS hikes its target
June 05, 2024 07:02 PM AEST| By InvestingUBS has raised its gold price forecasts, citing strong structural support and resilient demand for the yellow metal.

Gold prices rangebound amid rate cut speculation, copper near 1-mth low
June 05, 2024 03:00 PM AEST| By InvestingInvesting.com-- Gold prices rose in Asian trade on Wednesday, but stuck to a range seen for nearly two weeks amid continued speculation over when the Federal Reserve will begin cutting interest rates.

Oil prices extend losses, at 4-mth low on outsized US inventory build
June 05, 2024 11:20 AM AEST| By InvestingInvesting.com-- Oil prices fell slightly in Asian trade on Wednesday, remaining at four-month lows after industry data pointed to an unexpected, bumper build in U.S. inventories.

US oil futures slip after surprise API build
June 05, 2024 07:00 AM AEST| By InvestingCrude Oil WTI Futures, the U.S. benchmark, traded at $72.93 a barrel following the report after settling down 1.3% at $73.25 a barrel.

Oil prices continue to fall after OPEC+ outlook; demand concerns also weigh
June 04, 2024 10:40 PM AEST| By InvestingInvesting.com-- Oil prices fell to four-month lows Tuesday, extending losses after the OPEC+ signaled it will begin tapering off its production cuts this year, while weak economic data raised concerns

Gold prices steady as rate cut speculation puts dollar at 2-mth low
June 04, 2024 02:56 PM AEST| By InvestingInvesting.com-- Gold prices fell slightly in Asian trade on Tuesday, but were sitting on some gains from the prior session as signs of a cooling U.S. economy ramped up expectations of rate cuts and dr

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