Page 74 - Ommodities News Today

Here is what you need to know on Wednesday, December 6: The US Dollar (USD) outperformed its rivals for the second consecutive day on Tuesday, with the USD Index climbing to its highest level in nearly two weeks.

Commodity Strategists at TD Securities (TDS) explained their strategy for trading Silver price heading into Friday’s critical US Nonfarm Payrolls release.

Western Texas Intermediate (WTI), the US crude oil benchmark, is trading around $72.30 on Wednesday.

Gold is looking for direction with all eyes on US ADP employment figures.

Oil prices are looking bearish as markets are pricing in the barrels that the US is releasing to the market. Recent findings show that the US is nearing 6 million barrels per day for export, according to recent ship-tracking data. The surplus is

Dollar Index needs to hold below 104 to fall towards 102 while Euro needs sustain above 1.08, else would be vulnerable to see 1.07-1.06.

Gold price (XAU/USD) edges lower to $2,030 during the early Asian session on Tuesday.

Gold price is attempting a bounce toward $2,050 early Tuesday, following a massive $120 pullback from fresh record highs of $2,144 set in Monday’s Asian trading.

Here is what you need to know on Tuesday, December 5: The US Dollar (USD) capitalized on safe haven flows and rising US Treasury bond yields to outperform its major rivals to start the week.

Oil prices are starting to look heavy as Crude prices snap the current floor around $74. Recent headlines that confirm Russian President Vladimir Putin is due to meet the Saudi Crown Prince Mohammed Bin Salman to discuss OPEC+ cooperation