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Oil Price Recovery in Focus as Crude Clears December Opening Range
Oil Price Recovery in Focus as Crude Clears December Opening Range
2021-12-08 20:00:00
The price of oil may stage a larger recovery over the coming days as it clears the opening range for December after defending the August low ($61.74).
Crude Oil Forecast: Prices Eye EIA Inventory Data After Technical Outlook Improves
Crude Oil Forecast: Prices Eye EIA Inventory Data After Technical Outlook Improves
2021-12-08 04:30:00
Oil prices gained as markets went into a risk-on stance after positive news over the Omicron variant. Energy traders have the EIA’s weekly inventory report in focus after the technical chart improves.
Gold Price Trades in December Opening Range Ahead of US Inflation Report
Gold Price Trades in December Opening Range Ahead of US Inflation Report
2021-12-07 23:00:00
The update to the US Consumer Price Index (CPI) may prop up the price of gold as evidence of faster price growth pushes market participants to hedge against inflation.
Gold Price Currently Lacks Any Meaningful Conviction, Volatility Lies Elsewhere
2021-12-07 12:00:00
Gold is stuck in a short-term rut with little price action of note, especially when compared to a range of other risk-related assets.
Crude Oil Price Rise May Struggle on Incoming Supply, Demand Data
2021-12-07 07:30:00
Crude oil prices are rebounding to test back above the key $70/barrel figure but gains may be capped by incoming trade, inventories and output forecast data.
Gold Price Outlook: XAU Prices Coiling for Potential Move on US Inflation Data?
2021-12-07 05:00:00
Gold prices are rather calm as bullion traders await US inflation data. That may shift inflation expectations and gold-sensitive breakeven rates.
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