Commodity Analysis & Comment

After a relatively benign CPI for November and Powell's dovish remarks, $1,900 gold is within striking range Strong acceptance of the $1,842-$1,845 level could pave the way for next up-leg toward...

Oil’s comeback could be a “noisy rollercoaster ride” instead of a V-shaped rally WTI is seen targeting $77 first, with final near-term resistance at $88 Possibility still open for...

The market appears to be preparing for a recession That, along with slowing rate bets, could support gold prices going forward An upside breakout from current levels would indicate that gold's uptrend...

Inflation, rate hike-wary markets likely to hold off on oil rebound till CPI, Fed Nov CPI forecast at 7.3% annual growth vs. October's 7.7% yearly rise Fed is seen raising rates by 50 basis points...

OilOil prices have started the week with a lot of volatility. Two factors underpin the price of crude and Brent oil. Firstly, Russia has threatened to punish the West for its price cap act. Putin said...

Thursday’s $4 swing in crude prices may be the new normal in oil Worries of Europe in recession, overtightening by central banks add to jitters Price cap may be enforceable so long as crude...

Gas prices are up 5% after near 25% plunge over five days  Gas storage is not very different from end-2021 levels  Dry gas output has reached all-time highs of 102 billion cubic feet per...

Silver advanced four days in a row on expectations and follow-through of a softening Federal Reserve after Fed Chair Jerome Powell signaled his bank would slow the pace of tightening. Silver and the...

Russia needs to back up its defiance of the oil price cap with proof China could do more reopenings from COVID lockdowns OPEC+ needs to inject support into the market with hawkish talk; if not,...

Gold started to perk up over the past month, finishing November on a very strong note.But there is much more going on here. Gold closed at a key price resistance level —and not just any old...

Oil jumps before coming off peaks on uncertainties over Russia embargo impact China’s reopening of cities from lockdowns also being closely watched OPEC+’s decision to stand pat on its...

With the U.S. nonfarm payrolls (NFP) report for November due soon or out by the time you’ve read this, remember there are two timelines for precious metals to react to the report.They are:The...

I have written in depth about the upcoming Russian oil sanctions and price cap and outlined two basic scenarios for how traders can expect the market to react. However, no consensus has been reached...

U.S. gas storage/deficit little changed from year-ago levels  Gas output, meanwhile, at record high; heating demand well short of forecast  If substantial cold doesn't arrive in December, a...