Page 27 - Ommodities News Today

Gold price (XAU/USD) remains confined in a narrow trading band above the $2030 mark per troy ounce during the early Asian trading hours on Thursday.

Gold price is finding buyers early Thursday to take on the $2,040 barrier once again, having failed to resist above the same since last Friday.

Analysts say apart from the dilemma over interest rates, geopolitical tensions in the Middle East are providing a strong floor for bullion

Here is what you need to know on Thursday, February 8: Major currency pairs fluctuate in relatively tight ranges in the second half of the week as investors' search for fresh catalysts continue.

Natural Gas (XNG/USD) is eking out more losses sub-$2, after calls from Senator Joe Manchin at the start of the second day of hearings to scrub the LNG export ban. The House Committee is probing the US President Joe Biden's halt on any

Central banks gobbled up gold again in 2023. Central bank gold buying fell just 45 tons short of 2022’s multi-decade record.

Overview: The US dollar is consolidating its the two-day surge since the jobs data at the end of last week.

In Tuesday's session, the XAU/USD surged to $2,035, reaffirming its bullish scenario in the daily chart.

Rare earth prices have likely bottomed out and could be poised for a rebound in the second half of 2024 on the back of strong demand by the electric vehicle and wind power sectors

Here is what you need to know on Wednesday, February 7: The US Dollar (USD) struggles to gain traction early Wednesday, with the USD Index (DXY) holding steady slightly above 104.00 after snapping a two-day winning streak on Tuesday.