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Tag Archives: Palladium

Commodities Week in Review: January 4 to January 8

Commodities Week in Review: January 4 to January 8 Agriculture  Agricultural commodities were a mixed bag during the first trading week of 2021 as a strengthening US dollar weighed on many crops. But output levels and tighter inventories supported agricultural products, like corn and soybeans. After a roaring 2020, can the broader agriculture market continue the momentum in 2021? Cocoa  Friday Settlement: -$12.00, or 0.48%, to $2,504 per metric ton Weekly Performance: -3.58% YTD Performance:...

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Video: Weekly Commodity Forecast – Gold, Silver, Platinum, Palladium for January 4-8, 2021

In the present video, Phil Carr from The Gold and Silver Club provides his forecast for gold, silver, platinum, and palladium for the week of January 4, 2021. He starts the video by talking about how good December was for precious metals, also mentioning that 2020 was one of the best years for commodity traders on record. Phil explains what factors were driving the commodities during the past months...

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Commodities Week in Review: December 28 to January 1

Commodities Week in Review: December 28 to January 1 Agriculture  Despite being relatively quiet in the broader financial markets, agricultural commodities continued to end 2020 on a high note, adding to their annual totals. The commodities market has had its best yearly performance in about six years, thanks to a mix of a weakening US dollar, strong fundamentals, and a coronavirus pandemic that has enhanced demand. The consensus is that agriculture will have an even stronger 2021 due...

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Commodities Week in Review: December 21 to December 24

Commodities Week in Review: December 21 to December 24 Agriculture  US agriculture had another strong weekly performance, despite a rising US dollar. The agricultural commodities market was looking to build on its overall momentum this year in the home stretch of 2020, buoyed by strengthening foreign demand and declining output and supplies at home and abroad. Investors are betting on a repeat performance...

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Commodities Week in Review: December 14 to December 18

Commodities Week in Review: December 14 to December 18 Agriculture  Strengthening demand, a weaker US dollar, and potential supply issues contributed to agriculture’s impressive week. The biggest news in the agricultural sector was China’s ballooning consumption for soybeans, which allowed the crop to climb to its best level since early 2014. Wheat also captured international headlines for Russia slapping a tax...

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Commodities Week in Review: December 7 to December 11

Commodities Week in Review: December 7 to December 11 Agriculture Gains in the agricultural commodities market were mixed this week, potentially because of a greenback. The US Dollar Index, which measures the greenback against a basket of currencies, rose 0.3% this week. A stronger buck is bad for dollar-pegged commodities because it makes it more expensive for foreign investors to purchase. Despite the subdued week,...

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Metals Trade in Red Ahead of ECB Monetary Policy Meeting

Metals logged losses today, with copper managing to keep the fall very small, while precious metals demonstrating a very significant decline. There were several possible reasons for the decline. Optimism about the coronavirus vaccine limited demand for precious metals in their safe-haven capacity, while industrial metals suffered from a report that China fell into deflation unexpectedly. The US dollar firmed on the back...

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Commodities Week in Review: November 30 to December 4

Commodities Week in Review: November 30 to December 4  Agriculture  Despite the US dollar posting another weekly loss of about 1%, many agricultural commodities slumped during the trading week. Market analysts say that this is usually the time of the year when institutional investors and funds engage in end-of-year selloff. The financial markets took advantage of the stellar 2020 performance for a lot of crops...

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Gold & Silver Rally as Dollar Weakens on Outlook for Relief Package

Futures for gold and silver headed to settle higher today, though they were swinging between gains and losses over the trading session. Platinum joined the rally, while copper fell and palladium demonstrated a substantial loss. Gold and many other dollar-denominated commodities rallied on the back of the dollar’s weakness on Thursday. Market analysts explained the poor performance of the greenback...

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Video: Weekly Commodity Forecast – Gold, Silver, Platinum, Palladium, Crude Oil for November 30 – December 4, 2020

In the present video, Phil Carr from The Gold and Silver Club talks about gold, silver, platinum, palladium, and crude oil for the week of November 30 – December 4, 2020. He explains what factors were driving the commodities and will be affecting them in the future, shows charts and technical indicators, and speculates where prices may go next. If you found this video useful and want to see more videos like this...

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