Gold moves down after 3-week highs
19 July 2017

During the European trading session on Wednesday, gold prices went down after three-week-highs they reached earlier. On Comex, gold futures fell by $2.50 (0.2%) and were traded at the level of $1,239.46 a troy ounce by 07:00 GMT. (more…)

Oil position tends to become stable
18 July 2017

The oil market stabilized on Tuesday, as demand level became firm. However, the United States producers and high supply levels of the OPEC still affect oil prices. (more…)

Oil falls in Asia after the strongest week
14 July 2017

Oil prices went down during the Asian morning trade session on Friday, reacting to positive forecasts on the growth of inventories and production rates. (more…)

Saudi Arabia to cut oil supply for August
12 July 2017

Saudi Arabia is going to decrease oil shipments in August to increase its summer domestic consumption, provide balance, and remain within OPEC cut deal terms. Saudi industry source also informed that the mentioned decrease could reach over 600,000 barrels per day. (more…)

Gold moves to 4-month low ahead of Yellen testimony
10 July 2017

Gold prices reached a new four-month low during European trading session on Monday, while market players were monitoring upcoming comments from Fed policymakers or information on U.S. economic situation. They try to find clues on interest rate changes for the rest of the year. (more…)

Oil goes up on U.S. inventory fall, forecasts remain dull
6 July 2017

Oil prices rose on Thursday, demonstrating moderate recovery, as the better-than-expected U.S. demand report yesterday stopped the downside movement of prices. Still, analysts have less optimistic view on oil prices in 2018. (more…)

Gold away from 8-week lows on Korean tensions
5 July 2017

Gold went higher during the European trading session on Wednesday, after they marked the lowest level for almost 2 months. Geopolitical tension on the Korean peninsula pushed safe haven demand higher. (more…)

Oil prices up on U.S. drilling decrease
3 July 2017

Oil went up on Monday, as U.S. drilling activity was decreased for the first time in several months. However, prices were under pressure after OPEC’s report indicating that the output rose last month despite the cartel’s efforts to cut production rates. (more…)

Oil prices reach 2-week highs as U.S. oil production slows down
29 June 2017

Oil prices rose to two-week highs during the European trade session on Thursday, continuing a notable growth for the sixth session in a row. U.S. governmental information demonstrated the biggest crude production decline in a year. (more…)

Gold stable ahead of Fed speeches and U.S. economic data
26 June 2017

Gold prices did not have notable changes during the European early trade on Monday. Market players wait for comments by Fed officials and U.S. economic reports this week to evaluate chances of the next interest rates hike this year. (more…)