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Tag Archives: Platinum

Commodities Week in Review: July 27 to July 31

Agriculture  It was a rough week for the sector as most agricultural commodities suffered a weekly loss. Many of them also endured a decline in July, primarily due to coronavirus concerns and fundamental issues.   Coffee  Friday Settlement: -$0.0035, or 0.29%, to $1.186 per pound  Weekly Performance: +9.61%  July Performance: +15.03%  Corn  Friday Settlement: -$0.0075, or 0.24%, to $3.15 per pound  Weekly Performance: -3.67%  July Performance: -8.30%  Orange Juice  Friday Settlement:...

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Video: Weekly Commodity Forecast – Gold, Silver, Platinum. Crude Oil for May 18-22, 2020

In the present video, Phil Carr from The Gold and Silver Club talks about gold, silver, platinum, and crude oil for the week of May 18–22, 2020. He starts the video with the discussion of the recent surge of prices for precious metals, with gold reaching a new 7-year high. Next, he shows charts and speculates whether the metals can go even higher. As for crude oil, there is still a danger that...

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Metals Reverse Gains as Dollar Rallies on Powell’s Speech, Gold Avoids Losses

Metals, except for palladium, were rising today but by now they have lost their gains. The reason for the disappointing performance seems clear: the speech of Federal Reserve Chairman Jerome Powell. Market participants were listening to it with great interest, wanting to hear whether the Chairman mentions negative interest rates. US President Donald Trump tweeted about the benefits of negative rates yesterday, and traders wanted...

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Video: Weekly Commodity Forecast – Gold, Silver, Platinum. Crude Oil for May 11-15, 2020

In the present video, Phil Carr from The Gold and Silver Club talks about gold, silver, platinum, and crude oil for the week of May 11–15, 2020. He starts the video by discussing the recent rally of the US dollar that put pressure on dollar-priced commodities. He follows then with charts of the commodities, speculating where prices may go next and what actions traders should take. Despite...

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Copper Gains While Precious Metals Decline

Gold logged substantial losses today, and other precious metals followed suit. While bullion did not drop as much as crude oil, it is interesting to note that the metal and crude were moving in the same direction. Usually, oil and gold trade inversely because crude oil is tied to economic growth, performing better when the news is good, while the yellow metal is considered to be a safe haven and tends to rise...

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Gold Posts Losses Despite Risk Aversion

Markets remained in a cautious mood, preferring to avoid risk. That led to a widespread decline of commodities, with the Bloomberg Commodity Index falling about 1%. Losses were registered on all commodity markets, be it energy, metal, or agricultural commodities. Usually, gold thrives in such an environment but that was not the case today. One of the possible reasons for that was that bullion seemingly loses its appeal...

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Copper Falls on Thursday, Still Heads for Monthly Gain

Copper fell today but was still heading for the biggest monthly gain since December 2017. While the coronavirus pandemic and the resulting drop of consumption hurt the industrial metal, output was also falling due to the COVID-19 outbreak. Glencore’s copper production dropped 7% in the first quarter of 2020 from the previous year to 320,700 metric tons, missing analysts’ projections by a wide margin....

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Video: Weekly Commodity Forecast – Gold, Silver, Platinum. Crude Oil for April 27 – May 1, 2020

In the present video, Phil Carr from The Gold and Silver Club talks about gold, silver, platinum, and crude oil for the week of April 27– May 1, 2020. He shows charts of the commodities, speculates where prices may go during the week, and explains what factors can affect them. If you found this video useful and want to see more videos like this one or if you want to see a commodity trading video on some...

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Gold Recovers After Earlier Losses, Other Precious Metals Mixed

Prices for gold dipped earlier today as the improving market sentiment limited demand for the metal in its role of a safe haven. Markets were calming down after the shock caused by the drop in prices for North American crude oil below $0 at the start of the week. WTI crude jumped above $17 per barrel earlier today, though by now both WTI and Brent crude have erased gains and are trading below...

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Video: Weekly Commodity Forecast – Gold, Silver, Platinum, Crude Oil, Natural Gas for April 20–24, 2020

In the present video, Phil Carr from The Gold and Silver Club talks about gold, silver, platinum, crude oil, and natural gas for the week of April 20–24, 2020. He starts the video by discussing the historic move of US crude oil to -$40. Phil proceeds then, showing charts of the commodities and discussing price moves. If you found this video useful and want to see more videos like this one or if you...

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