Page 9 - Ommodities News Today

DXY's 4 and 5 year average sits at 99.28 and 99.00. DXY opens the week at 104.29 and vital levels above exist at 104.40, 104.60, 105.25 and 106.72.

The spot price of Gold (XAU/USD) concluded another week in positive territory, adding +4.3% and refreshing record pinnacles at $2,330/ounce amid expectations of lower rates this year, geopolitical tensions and speculative buying.

In this week's Big Picture series we discuss key market signals and preview the upcoming week's ECB decision.

The gold market started a strong rally in 2024, which is just the beginning of a new wave and is expected to continue increasing prices.

The United States issued Iran-targeted sanctions on Thursday, as the Biden administration seeks to threaten Tehran's ability to fund its Middle Eastern proxies and support Russia's war in Ukraine.

Stock Market Presidential Election Cycle Seasonal Trend Analysis :: The Market Oracle ::

Brent crude oil price news: Oil prices rose in early Asian trade on Thursday on concerns of lower supply as major producers are keeping output cuts in place and on signs of stronger economic growth in the US, the world's biggest oil consumer. Get more Commodities News and Business News on Zee Business.

West Texas Intermediate (WTI) US Crude Oil prices enter a bullish consolidation phase during the Asian session on Thursday and oscillate in a narrow trading band near the highest level since October 2023 touched the previous day.

Gold prices (XAU/USD) touched a fresh record high, around the $2,300 mark, during the Asian session on Thursday and remain well supported by a combination of factors.

Gold prices (XAU/USD) climbs to an all-time high above the $2,300 psychological round mark during the early Asian session on Thursday.