Gold Extends Winning Streak to Three Sessions on Weaker US Dollar
Gold futures recorded some modest gains to kick off the trading week. The yellow metal has been trying to withstand the myriad of developments that…
Author Archive
Soybeans Top $17 As China Buying Frenzy Supports Crop’s Rally
Soybean futures are extending their gains to finish the trading week, topping $17 a bushel. The agricultural commodity has had a terrific 2022 and has…
Chinese Yuan Strengthens on Expected Easing Policies To Support Economy
The Chinese yuan strengthened against its US counterpart to close out the trading week, driven by the growing likelihood of monetary easing in Beijing to…
Gold Slips in Overnight Trading As Yellow Metal Holds Onto Weekly Gain
Gold futures slipped in overnight trading amid the leading stock index futures edging higher. While gold is on track for a weekly boost, the precious…
USD/CAD Plunges As Canada’s Inflation Rate Hits Fresh 30-Year High
The Canadian dollar recorded a gain against its US counterpart, despite inflation numbers coming in higher. The loonie has strengthened considerably over the last week,…
Natural Gas Records Modest Gain Amid Strong US Supply Injection
Natural gas futures rose modestly toward the end of the trading week after the US government reported a slightly larger-than-expected build in domestic inventories. Natural…
Crude Oil Joins Broader Market Selloff Despite China Easing COVID Restrictions
Crude oil futures joined the market selloff in the middle of the trading week, despite a substantial withdrawal of US supplies. Oil prices have had…
Gold Struggles for Direction Amid Fed Tightening, Better-Than-Expected Data
Gold futures struggled for direction on Tuesday as the Federal Reserve revealed that it is ready to raise interest rates as long as it is…