Commodity Analysis & Comment

On analyzing the gold futures in the daily chart, I find the exacerbated movements amid growing bullish sentiments for an interest-rate cut by the Fed in its June 2024 meeting.The Fed signaled that...

Gold surged to a fresh high this week, while silver also closed positively despite the US dollar strength. Factors like inflation concerns and anticipated Fed rate cuts are bolstering precious...

Central Banks had a big impact on gold and silver last week. Gold futures have made new highs - and traders should watch out for a potential correction because of PCE, GDP data. Meanwhile, silver...

Cocoa prices have skyrocketed in recent months due to a combination of poor harvests in key producing regions of Africa and increased speculation in the futures market.Cocoa Prices Have Skyrocketed in...

Gold staged a blinding comeback last week, surging to fresh all-time highs above $2,200 an ounce. The rally, which has added around 10% to gold’s value since mid-February, caught many market...

Gold's strong trend weakened due to a strong US dollar, causing mild bearish price action. Dollar's strength, driven by external factors and positive US economic indicators, weighed on gold. Despite...

In my previous article, I set an upper limit for gold futures at $2227, with volatility peaking before last Wednesday and Thursday's FOMC meeting.On March 21, 2024, gold futures made a significant...

Today, we highlight four noteworthy commodities that are on the rise and the factors propelling their prices upward. We'll delve into each commodity, providing comprehensive insights on why they're...

Cocoa prices have surged this year, reaching record highs this year. This remarkable surge, outpacing even Bitcoin's gains, marks a significant departure from historical trading patterns. The surge in...

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...