OPEC to Keep Production Cuts in PlaceCommodities

OPEC to Keep Production Cuts in Place

OPEC and Russia vow to maintain its reduced output policy to support prices. Reports came from the latest Joint Ministerial…

Global Coffee Surplus despite Stay-at-home RestrictionsCommodities

Global Coffee Surplus despite Stay-at-home Restrictions

 The International Coffee Organization anticipates a global surplus for coffee for the 2020/2021 season.  This is despite the stay-at-home guidance…

Silver Rush Hits Hurdle, Descends from 8-Year PeakCommodities

Silver Rush Hits Hurdle, Descends from 8-Year Peak

Silver lost steam after surging to an 8-year high in Monday trading.   Prices dropped nearly 2% before narrowing the…

Oil Price Dictated by Coronavirus-related EventsCommodities

Oil Price Dictated by Coronavirus-related Events

Oil price ascends from last week’s losses after opening the week with gains in Asia.   The market’s attention reverts…

Gold Ending the Week with Gains in AsiaCommodities

Gold Ending the Week with Gains in Asia

It was a volatile week for gold. After days of trading down the line, the precious metal is ready to…

Corn Descends from Multi-year Highs, Strong Dollar Weighs

Corn reverts gains made in the previous session as the US dollar gains grounds. The commodity rose in the Chicago…

API Inspection Shows Fall in Inventory by 5 Million BarrelsCommodities

API Inspection Shows Fall in Inventory by 5 Million Barrels

API inspection reverts lukewarm data released in the previous week after showing a fall in crude inventory. For the week…

Gold Steady as Investors Eye Fed’s Policy MeetingCommodities

Gold Steady as Investors Eye Fed’s Policy Meeting

Gold remains steady, making only conservative moves for the day ahead of the Federal Reserve’s policy meeting. The central bank…

Oil Price Reverts Previous Losses but Demand Woes WeighCommodities

Oil Price Reverts Previous Losses but Demand Woes Weigh

Oil price managed to regain losses incurred in the early morning session in Asia.    However, the black gold remains…

Gold on the Line the End the Week with Losses

Gold is lined up to end the week in red after benchmark US treasury surges back above 1%.   Nevertheless,…