Articles by Oil N' Gold

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Weekly Fundamentals – Zinc Rallied on tighter Supply Outlook; Iron Ore Prices to Retreat Further in Coming Months

Industrial metals rose across the board with zinc the best performer. Tighter supply outlook is boosting the price with LME’s 3-month forward soaring to a decade high and settled +7.85% higher for the week. Against the tide was iron ore price which ret…

The post Weekly Fundamentals – Zinc Rallied on tighter Supply Outlook; Iron Ore Prices to Retreat Further in Coming Months appeared first on crude-oil.news.


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Investors Turned to Safe Havens Again after Barcelona Terror Attack and Trump’s Abandonment of Infrastructural Council

Renewed concerns over terrorist attack weighed on sentiment, adding to diminishing hopes that any measure would be implemented to boost US economic growth in the near term. At least 13 dead and 100 injured in Barcelona van attack claimed by ISIS, intensifying its calls for massacres in Europe using vehicles. Stock markets fell. Wall Street plunged with DJIA losing -1.1% and S&P 500 down -1.5%.

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US Dollar Fell as Inflation Likely Stays Low for Longer. Unpopular Trump Might Further Delay Fiscal Stimulus

US dollar and Treasuries were pressured, driven by the July FOMC minutes and political drama in the White House. After initially jumping to a two-day high after the release of the minutes, the DXY index reversed the gains and the day -0.33% lower. Trea…

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Weekly Fundamentals – Aluminum Soared in Trump’s Trade Complaint While Silver Rose on Heightened Geopolitical Tensions

The best performer in the commodity market last week was natural gas. EIA’s report showed that the US exported more natural gas than it imported in three of the first five months this year. This signals a reversal of the net imports trend over the past…

The post Weekly Fundamentals – Aluminum Soared in Trump’s Trade Complaint While Silver Rose on Heightened Geopolitical Tensions appeared first on crude-oil.news.



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US Dollar Mixed as Strong Job Data Offset by Ongoing Concerns of Weak Inflation; China CPI Disappoints

US dollar was mixed as strong sentiment from another upbeat job data was partly offset by a dovish Fed speaker. US dollar index initially rose to a 2-week high of 93.88 before settling at 93.65, up +0.24%. US Treasury yields climbed higher amidst stron…

The post US Dollar Mixed as Strong Job Data Offset by Ongoing Concerns of Weak Inflation; China CPI Disappoints appeared first on crude-oil.news.