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Homeownership is the quintessential American dream, but it’s become increasingly elusive for many households. A multitude of factors, including soaring home prices, elevated interest rates and...
Crude oil rose about 4% last week with WTI taking out the $80 and Brent the $85 barrier, reaching levels last seen in November. Factors supporting oil prices include optimism over China, a bullish...
Since I explained the overbought territory could result in a selling spree in my last analysis on March 11, 2024, gold futures continue to slide amid volatile moves.As I pointed out the formation of a...
Gold and silver were looking to bounce back following the CPI-related drop on Tuesday, in a relatively quieter day for data and with the Fed in the blackout period ahead of next week’s FOMC...
Gold hit new record highs in the region of $2200 recently. This rally came amid mixed sentiment after the release of the US labor market report. In this piece, we will look at key levels to buy as a...
On analyzing spot gold and gold futures in the daily chart since December 4, 2023, I find futures, after hitting a new peak at $2203, have entered the overbought territory amid mere expectations for...
OIL-PROXY: Struggling commodities are finally seeing some relief. With firmer global growth, a stabilising US dollar, and supply-side weather disruptions. Cotton has been a leader in this catch up....
Gold trading reached a significant milestone on Thursday, with prices hitting an all-time high of $2150.00 per Troy ounce. This remarkable surge was propelled by a confluence of factors. These include...
Here's your daily 60 seconds trading tipHere are 3 things that could drive Gold Futures to new record highs in 2024
Precious metals may finally be nearing the rally that gold and silver bulls have been waiting for.Today, we simply focus on Gold from a “weekly” price perspective. And let’s just say...
Gold's price momentum continues, with a Troy ounce of the precious metal touching a new record high, standing close to $2115.00 as of Tuesday. The surge in gold prices can be attributed to a...
Crude oil's dramatic surge, predating OPEC+'s supply cut extension, hints at a week filled with potential market volatility. On the macro front, the week is brimming with impactful data releases and...
On analysis of the moves by the gold futures during the last three weeks, I find that the bulls look not confident enough to hold the heights tested last Friday.Undoubtedly, the gold futures found...
World record corn harvests have led to a decline in prices. Meanwhile, soybean prices are approaching 2021 lows. Ukraine and Russia's pricing advantage gives them an edge in the global wheat...
Since I wrote my last analysis, Gold bulls tried hard to strengthen their position after last Friday’s bumpy move by the gold futures, hitting a high at $2053, continued to remain in a tight...