Daily Fundamental Outlook – Commodity

Crude oil rose on Wednesday caused by U.S. crude oil inventories are smaller than analysts’ estimates and the Fed had announced will consider the issue of a new type of bond repurchase. The U.S. Energy Information Administration said oil supplies rose only 800 thousand barrels, lower than analyst estimates …

Daily Outlook – Commodity

Gold sank to the level of $ 1,663 per ounce on Tuesday as fears of a worsening global economy. What is interesting is the closing of the gold in Tuesday trading session was the first under $ 1,700 since January 24. The strengthening dollar also weighed on prices of gold and crude oil. Greek issue re-emerged after …

Daily Outlook – Commodity

Gold fell again, continuing the sell-off that occurred in the previous session. Gold fell sharply last week up to 4.3% after Bernanke’s statement in the presence of the legislature. Bernanke was reluctant to talk about details of the third phase of quantitative easing. In fact, this policy became a pillar …

Daily Outlook – Gold and Oil

The fall of crude prices on Friday due to the objection to the news of Saudi Arabia attacked pipelines and rising U.S. dollar. Oil prices fell by more than 2% last week, cutting the profits of 6% in the last week. Previously, the issue concerns the disruption of oil supply dominate price movements in the market …

Daily Fundamental – Gold and Crude Oil

Gold rallied again in the U.S. session on Thursday after it was weakened to the level of 1705.25. The weakening happened yesterday because of investor optimism that the U.S. macroeconomic data would reduce the attractiveness of safe haven in gold. In the evening, reversed the gold price rally supported by rising …

Daily Fundamental – Gold and Crude Oil

Crude oil markets got support from the issue of Tehran’s oil export ban to six European countries in retaliation for European Union sanctions. But this issue was later denied by Iranian oil ministry. The threat of potential loss of OPEC member countries on the Western standoff with Iran over its nuclear …