Commodity Analysis & Comment

After analysis of the movements by the gold futures since Feb. 2, 2024, I find that the big bears finally attacked on Feb. 13, 2024. This fall was evident enough to keep the trend downward for a long...

Yesterday’s stronger-than-expected US CPI print put significant pressure on gold, while oil managed to edge higher with signs of some tightening in the market Energy - OPEC Continues to Expect...

Oil prices closed marginally lower yesterday. However, gasoil cracks remain firm, suggesting a tight middle distillate market. Natural gas prices came under pressure on the back of forecasts for...

Gold has been trading in a narrow range so far this year amid a lack of clarity surrounding the timing of the US Federal Reserve's monetary policy easing cycle. Higher borrowing costs are typically...

Gold prices have remained stable despite a hawkish Fed. Meanwhile, silver price forecasts for this year are anticipating a big spike in demand. So, will grey metal be a better option for precious...

Crude oil starts the week on a subdued note after recent volatility tied to the Israel-Hamas conflict. Middle East tensions continue to influence oil prices significantly, overshadowing other...

As Brent crude oil breaks the $80 mark, a complex blend of geopolitical tensions and supply dynamics sends shockwaves through the global energy market. In the midst of escalating tensions in the...

Crude oil prices remain rangebound. However, refinery margins continue to strengthen driven by tightness in middle distillates. Gasoline has also played a role in this strength, with cracks rising on...

Can pigs fly?  Perhaps they can, but with US stock markets soaring and wage pressures intensifying, it’s very hard to see the Fed engaging in aggressive rate cuts. The current action of the dollar...

Global manufacturing is slowly stirring back to life, as evidenced by a positive purchasing managers’ index (PMI) reading in January, and industrial metals, copper especially, look poised to...

During the COVID pandemic, commodity prices soared. And this lead to a bout of inflation that we hadn’t seen in years. But commodity prices have leveled off and this has helped to keep inflation...

Gold faces the risk of retracing recent gains after closing lower on Friday, reacting to a robust US jobs report and a strengthening dollar. The light economic calendar for the week suggests a...

Since I predicted a steep fall in the gold futures while writing my last analysis, April gold futures closed Friday with a loss of $17. Precious metals on Friday retreated as Friday’s...

The rise in US oil inventories has halted the short-term price uptrend. Meanwhile, the situation in the Red Sea remains unstable and pivotal to oil prices' next move. Concerns about the Chinese...