Commodity Analysis & Comment

The price of gold stopped just short of hitting $1,960 an ounce last Thursday, its highest level since April 2022, before plunging below $1,900 on Friday following a stronger-than-expected U.S. jobs...

$2 support is the last major defense line for gas longs; market is now around $2.40   US gas storage seen up 12% year-on-year, despite last week’s forecast draw If gas goes below $2,...

The oil market rallied yesterday partly driven by supply concerns related to the halting of operations at the Ceyhan export terminal. However, these worries should subside with Turkey ordering the...

Global copper supply being squeezed, major deficit forecast through 2030 Copper prices are down in Feb., after three months in the green Near-term copper story dictated by China vacuum on data,...

India is set to overtake China as the world’s most populous country as early as this year, says the UN As such, the country’s energy consumption is of major importance to energy traders...

Movements in natural gas prices since Feb. 3, when the futures tested a multi-year low at $2.341 after a sudden jerky move from $2.514, make this level a pivotal point both for the bulls and bears as...

GoldGold prices have started to regain some of their losses, and yesterday, the price closed in positive territory. However, the gains are minimal and do not show anything meaningful behind them. This...

Impact of January US jobs report still making its way through markets Worry about how Fed’s rate-hike consolidation will go weighs on investors Oil, gold make nominal advance; Powell’s...

In a piece I wrote on Jan. 28, I warned about growing hopes for retesting $2000 could lead to a fake breakout shortly to trap gold bulls as the retesting of $2000 seemed likely until the Federal...

Gold futures reached a 9-month high of $1,975; spot gold at nearly $1,960 A weaker-than-expected reading for nonfarm payrolls could help gold reach $2,000 The Dollar Index is at a 10-month low of...

Gold PriceThe precious metals price action is expected to be a wild one today, and this is because the US NFP number is likely to bring higher volatility for the metal. Again, a strong reading may...

BP has recently released its 2023 Energy Outlook The energy giant says oil demand will likely decrease or plateau in the years ahead However, there’s no actual indication of that happening, and...

Gas hits 21-month low at mid-$2 level despite freezing temperatures Gas bulls say the plunge is illogical, bears say fundamentals at work  Short sellers point to beefy gas storage, indicating...

Global central banks purchased 1,136 tons of gold in 2022, driving the demand for the yellow metal to the highest mark since 2011. The figure, which represents the most central banks bought in 55...