while gold gave up its gains, most commodities are seeing bullish momentum, and traders are watching for signs of a U.S. Fed rate hike

The commodities market experienced positive momentum the whole week, with the exception of gold, with most commodities posting weekly gains ranging from 1.5% to 3.0%. Due to traders locking in their profits during the recent advance, gold prices gave up all of their weekly gains and ended up slightly lower last week. As traders monitored…

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Base metals prices are stable, gold and crude oil prices are rising, and traders are keeping a watch on US CPI and Fed meeting notes

The bullish trend in the bullion pack and crude oil persisted in the commodities market, while most base metal prices declined last week. The favorite asset class for investors at the moment is still yellow metal. Comex spot gold price soared to a brand-new 52-week high of $2032 per ounce, and for the week, the…

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