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 [...]

Energy prices have been falling over the last few weeks on weaker global demand and the rising value of the dollar, which also prompted the price of natural gas to slide. E-mini natural gas futures with expiry in October (QGV2020), in particular, have been tumbling since late-August. Nevertheless, the longer-term market sentiment remains ostensibly bullish, which means that the price may yet rebound after the [...]

The price of wheat is developing a new bullish trend after exiting out of a major bearish market in early-July. Wheat futures sank as low as 480.00 cents per bushel in late-June, just before the beginning of the summer harvest in Europe. According to people familiar with the matter, the harvest results in France and Britain fell short of last year's recorded performance. Meanwhile, better-than-expected [...]

The market for precious metals experienced some difficulties last week after the greenback started recuperating once again. The EURUSD temporarily broke out above the psychological barrier of 1.20000 last Tuesday before the pair rebounded. The dollar started recovering after the publication of robust manufacturing numbers for August, which entail faster-than-expected recovery in the US. [...]

The price of crude oil's October futures contract tanked on Wednesday by nearly 3 per cent following the latest inventories data in the US. The findings of the weekly petroleum data review for the week ending August 28th confused some traders, which resulted in the massive dropdown. The Energy Information Administration revealed that crude oil inventories had decreased by 9.4 million barrels, whereas the [...]

Gold has advanced by over $500 per troy ounce since the beginning of the coronavirus crisis, as investors started feeling to low-risk securities amidst rising global uncertainty. Recently, the precious commodity even managed to cross above the psychologically significant threshold of $2000 temporarily, but then it retreated from the all-time high at $2074. [...]