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Category: Commodity Market

Welcome to the Commodity Market tracker, we constantly support traders to analyze the rise and fall of the market for ten categories on the daily basis. We analyze and display the beginning value of the market on the morning updates and the Ending value on the evening updates. We examine the everyday trends for these categories and flash them as push notifications in our mobile applications and our success rate is above 80 percent. Play Store

  • Commodity Market
  • NYMEX Market

Mixed U.S. Gold ends below $1,900 despite jobs picture

Manikandan Fastura4 years ago04 mins

Despite the relentless noise in the markets about price pressures, the gold bullion can be heard as the yellow metal could not accumulate above $1,900 for the second straight week on Friday. A mixed U.S. Jobs’ image helped transcend the other standard of gold – a haven – to crawl near the $1,800 levels that…

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  • Commodity Market
  • NYMEX Market

Gold Down Positive U.S. Investors Digests employment data

Manikandan Fastura4 years ago03 mins

Gold fell in Asia on Friday morning, hitting a two-week low and recording its worst week in three months. Positive U.S. Employment data boosted dollar and bond yields, and investors were concerned about the reversal of stimulus measures. Gold futures are down 0.07% at $ 1,871.90 below $ 1,900. The dollar, which normally moves against…

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  • Commodity Market
  • NYMEX Market

According to the trader, there are two ways to run the Energy Space when Oil exceeds $ 68

Manikandan Fastura4 years ago03 mins

The West Texas Intermediate gained another 1% on Wednesday, hovering above $ 68 a barrel after OPEC + doubled its decision to ease supply restrictions by July, on-demand. As WTI crude traded at its highest level since October 2018, energy stocks rallied with it. XLE Energy ETF added nearly 2%, pushing its two-day rally closer…

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  • Commodity Market
  • NYMEX Market

U.S. Copper slips for the third day over employment data

Manikandan Fastura4 years ago03 mins

Copper prices fell for a third day on Thursday as investors rallied in the U.S. on Friday. Waiting for work data will provide clues as to when monetary policy will tighten. Expectations of higher interest rates could hit growth-related assets such as metals and stocks. World stocks were at an all-time high and the dollar…

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  • Commodity Market
  • NYMEX Market

Gas prices in the UK are mixed with low winds, weak carbon, and hot weather

Manikandan Fastura4 years ago03 mins

British wholesale gas prices were mixed on Wednesday morning, rising earlier in the day on lower wind forecasts, but other contracts weakened as demand for warmer weather and falling carbon prices. 0834 GMT One day earlier the trade increased by 0.30 pence to 63.75 pence. The September contract was down 0.90 pence at 63.10 p…

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  • Commodity Market
  • NYMEX Market

Copper stumbles on a strong dollar and lower China demand

Manikandan Fastura4 years ago03 mins

Copper fell on Wednesday as investors took some money off the table amid concerns that top consumer demand for China would ease, while a solid dollar cut the metal’s appeal. Benchmark copper was down 0.4% at $ 10,207 per tonne on the London Metal Exchange, trading at a narrow range of 1050 GMT. “Investors are…

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  • Commodity Market
  • NYMEX Market

Oil rises as demand increases and suppliers keep supply tight

Manikandan Fastura4 years ago04 mins

Oil prices rose for a third day on Thursday in anticipation of rising fuel demand by the end of this year, especially in the US and Europe, and China, while large manufacturers have been adhering to supply discipline. After reaching its highest level since September 2019, Brent crude futures rose 40 cents, or 0.6%, to…

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  • Commodity Market
  • NYMEX Market

China regulator says crude oil and palm oil were trading stars in June

Manikandan Fastura4 years ago02 mins

China has agreed to trade crude oil and palm oil options on the Shanghai International Energy Exchange and the Dalian Commodity Exchange, respectively, its bond regulator said Friday, adding some products that are open to foreign participants in the trade. Crude oil options will start trading on June 21 and palm oil options on June…

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  • Commodity Market
  • NYMEX Market

Gold is above $ 1,900-mark above mixed Chinese data

Manikandan Fastura4 years ago03 mins

Gold rose in Asia on Monday morning against a weaker dollar and lower bond yields after China, the world’s largest gold consumer, released key economic data. The future is up 0.15% to $ 1,908.25 and is above $ 1,900. The gold deal was agreed on May 30 and August 21. The dollar, which normally moves…

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  • Commodity Market
  • NYMEX Market

Oil prices will rise as demand rises

Manikandan Fastura4 years ago03 mins

Oil prices rose in Asian trade on Monday on the bright outlook for fuel demand growth over the next quarter, while investors looked forward to the OPEC + meeting this week to see how manufacturers will respond. Brent crude futures for August were up 50 cents, or 0.7%, at $ 69.22 a barrel, the highest…

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