Commodity News

Bank of Canada Rate Decision: Hold Expected at 5%

Key Points Bank of Canada's rate decision looms, with expectations to hold at 5%. S. and Canadian employment data set…

2 months ago

Brent Crude to Hit $85 by H2 2024 Amid Tensions

Key Points Brent crude price is expected to reach $85 in the second half of 2024. US oil production growth…

2 months ago

What Is The FIFO Rule In Forex?

The First-In, First-Out (FIFO) rule is a regulatory framework imposed on Forex trading in the United States. The National Futures…

2 months ago

Gold Hits ₹63,502/10gm; Silver Eyes ₹74,000/kg

Key Points Gold prices show minor fluctuations, with the MCX opening at ₹63,401 and hitting a high of ₹63,502 per…

3 months ago

Chart Patterns Cheat Sheet for Traders

Figuring out chart patterns in the trading world can be challenging, especially for those new to the game. It's like…

3 months ago

Recent Trends in Wheat Futures and Commodity Trading

Quick Look Wheat futures are trading 1% to 1.5% weaker, with Chicago futures down by 12 cents. Wheat export sales…

3 months ago

Gas Prices Plunge & Sanctions Shake Global Markets

Quick Look U.S. Henry Hub natural gas prices plummet to $1.70/MMBtu from a high of $9.50/MMBtu during the Russia/Ukraine conflict.…

3 months ago

Gold Steady at $2,030.57; Futures Dip Slightly

Key Points Spot Gold remains steady at $2,030.57/oz, while U.S. Gold Futures experience a slight decline. Platinum and Palladium prices…

3 months ago

Navigating the Looming “Second Wave” of Inflation

Quick Look Recent data indicates a potential reacceleration of inflation, shifting focus away from interest rate cuts. Federal Reserve Governor…

3 months ago

Markets on Edge: USD Hovers at 104 Ahead of Auctions

Quick Look The US Dollar Index (DXY) remains steady around 104.00, breaking its five-week winning streak. Wall Street shows mixed…

3 months ago

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