Page 85 - Ommodities News Today

Here is what you need to know on Friday, November 24: Action in financial markets turned subdued on Thursday as trading conditions remained thin on Thanksgiving Day.

The XAU/USD is finding traction in Friday's session, capitalising on mixed S&P PMIs and a weakening US Dollar.

EUR/USD has completed a corrective wave to 1.0929. A decline link to 1.0880 is forming today.

Gold tested $2,000 for the second time this month but found it difficult to stabilize above this key level due to a lack of fundamental drivers and thin trading volumes in the second half of the week.

A quiet end to the week draws to a close with European indices treading water and economic data highlighting the challenges facing the bloc.

Copper/Gold Ratio: Still Counter-Cyclical :: The Market Oracle ::

Today’s stagflationary economy -- with high inflation and slow growth -- will look familiar to anybody who lived through the 1970’s.

Stock Market Trend Trajectory into Year End 2023 :: The Market Oracle ::

Gold price is reversing a part of the previous decline on Thanksgiving Day, with markets optimistic about a potential end to the US Federal Reserve’s (Fed) tightening cycle.

News of a temporary halt in fighting between Israel and Hamas did not trigger any major move in the market