The price of gold has been consolidating within a narrow range around the psychologically significant support level at the 38.2 per cent Fibonacci retracement since the expectations of our last analysis of the commodity were fulfilled. The reason for the temporary pause in the development of the recent downtrend is the FOMC meeting, which is scheduled to take place later today. [...]

OPEC's tremendous efforts to stabilise the energy market in the wake of last year's crash, when at one point oil futures were trading below zero dollars per barrel, are starting to pay off. Officials of the organisation had previously stated that members have to join efforts to recalibrate the jolted supply and demand equilibrium; something that they appear to be on track to achieve. [...]

Markets are open and enthusiastic traders are returning from their Christmas holidays in a good mood, which is poised to affect gold's slumber from the last couple of weeks. The precious commodity, as was anticipated, was mostly trading in a narrow range over set period owing to the low levels of market liquidity. However, this is about to change as trading activity returns to normal. [...]

The precious commodity has had a very rough several weeks, tumbling nearly 200 dollars per troy ounce in the wake of the recent vaccine optimism. The reinvigorated investors and traders' enthusiasm catalysed the major selloff, as the global demand for safe-havens and other low-risk securities plummeted. The market is currently riding high on the expectations for a sharp rebound in global economic activity in [...]

All of you movie buffs out there probably immediately understood the reference in the title to the movie "There will be blood". Without getting into too much film trivia here, the story revolves around the early days of the crude oil industry, and today's analysis focuses on the latest developments concerning the price of crude oil futures. [...]

The price of the precious metal has been ostensibly range-trading since our last follow-up of its price action. The contributing factors to the somewhat muted price action are many, but few are worth pointing out. Firstly and most significantly, gold's massive bullish run was distorted after BioNTech and Pfizer flaunted an over 95 per cent efficiency of their Covid-19 vaccine in preventing symptomatic [...]

While the world holds its breath to see who will win the US Presidency, as the outcome of the election still hangs on a knife's edge, the energy market is concerned with one primary issue at the moment. At the time of writing this analysis, Joe Biden has garnered 264 electoral votes and needs only six more to secure his victory. [...]

Gold continues to be Wall Street's good old and reliable workhorse, in the sense that it maintains its role as the most sought after safe-haven asset. The next few months look like are going to be quite turbulent and eventful, with the US election looming nearer, and the global pandemic continuing to worsen relentlessly. So, the precious metal would most certainly play a pivotal role for investors in surviving [...]

The turbulent 2020 looks poised to end just like it began – with heightened fears stemming from the coronavirus crisis. Over the past several weeks, the number of confirmed COVID-19 cases has been steadily climbing in Europe, North America, and other parts of the world. Just today, the overall number toppled 40 million with over 1 million deaths. The prospects of a dreaded second epidemic wave now seem [...]

The price of the December gold futures has been consolidating below the psychologically significant level at 2000.0 dollars per troy ounce since late-September. The price has attempted to bounce back north on several occasions but has been unable to break out above this significant threshold. This consolidation of gold's price has left some traders asking whether the bearish market is here to stay [...]