Gold continue on consolidating for a second day in New York

ecPulse
2014-07-22 18:13PM UTC
For a second day and amid overall global mounting tensions the yellow precious metal is currently narrow trading in New York after that last week a Malaysian Air passenger jet was downed in Ukraine and Israel continues on brutally attacking Gaza Strip with more and more innocent kids killed. Once again it is indispensable to mention that Gaza Witness Bloodiest Day in 3 Weeks while that Hamas Claims Capture of an Israeli Soldier but the amount of Palestinian kids and women that are targeted by the Israeli army is the major reason of almost millions of people protesting across the world. In fact more than 425 Palestinian were killed while only 18 soldiers were killed on the Israeli side and more than 2763 wounded on the Palestinian sided and 112 kids and women killed while none of the civilians were killed or even wounded on the Israeli side. Otherwise today on the U.S soil U.S. consumer prices rose in June but at a slower pace, boosted by the biggest jump in gasoline prices in a year, the latest indicator of firming inflationary pressures across the U.S. economy. The consumer price index increased 0.3 percent after a 0.4 percent gain the prior month, matching estimates by Bloomberg, figures from the Labor Department showed today in Washington. Accordingly mixed sentiments are invading the commodities market and the gold is trading around $1306.00 a barrel recording a high of $1315.60 a barrel and a low of $1301.80 a barrel.

Commodities News

Copper News

Commodities

Copper edges up while facing pressures from Chinese demand concerns
2024-03-28 16:45PM UTC
Copper prices rose modestly on Thursday while the dollar gained ground, with ongoing concerns about ...
Oil News

Commodities

Oil prices extend gains after strong US growth data
2024-03-28 13:03PM UTC
Global Oil Prices Global oil prices extended their gains in American trade on Thursday and hit ...
Gold News

Commodities

Gold climbs as dollar stabilizes ahead of important data
2024-03-27 21:29PM UTC
Gold prices rose on Wednesday as markets await important US data this week while the dollar trades ...

Commodities Technical Analysis

Oil Analysis

Commodities

End of day crude oil price forecast update - 28-03-2024
2024-03-28 17:43PM UTC
Crude oil price breached 82.40$ strongly to rally upwards and approach our waited target at 83.56$, ...
Brent oil Analysis

Commodities

Brent oil price forecast update 28-03-2024
2024-03-28 10:19AM UTC
Brent Oil Price Analysis Brent oil price fluctuates within tight track since morning, settling ...
Oil Analysis

Commodities

Crude oil price forecast update 28-03-2024
2024-03-28 10:19AM UTC
Crude Oil Price Analysis Crude oil price settles around 82.00$ level since morning, and ...