The gold market fell somewhat significantly during the trading session on Tuesday in the early hours, as we continue to see a lot of behavior.…
There is a chance for US Dollar (USD) to test 7.1650 vs Chinese Yuan (CNH); the major support at 7.1500 is unlikely to come into…
The price of Platinum rose significantly this week, as did the price of Palladium, Commerzbank’s commodity analyst Carsten Fritsch notes. Platinum and Palladium are exceptionally…
The International Energy Agency (IEA) has left its forecast for the increase in global Oil demand virtually unchanged. It expects growth of 740 thousand and…
Reserve Bank of New Zealand (RBNZ) Governor Christian Hawkesby noted early Thursday that New Zealand’s economy remains severely exposed to global trade fallout from US…
The Brent oil price rose significantly yesterday and regained last Thursday’s interim high of just over $68 per barrel in the morning, Commerzbank’s commodity analyst…
In the wake of the sharp fall in oil prices, the time spreads, i.e. the price differentials along the forward curves, also narrowed significantly last…
China’s crude oil imports rose to 12.1 million barrels per day in March, according to data from the customs authority, Commerzbank’s commodity analyst Carsten Fritsch…
The eight OPEC+ countries with voluntary production cuts surprisingly announced yesterday that they would increase production by 411 thousand barrels per day in May. That…
Data published this week by the Hong Kong Statistics Authority on Gold trade with China confirmed the picture of very weak demand for Gold in…