Commodities Market Review: Gold’s Turnaround on Powell’s Dovish Tone

Biggest Winner in Commodities Sector With a total gain of 48% cocoa is this year’s best-performing commodity, taking advantage of a drop of over 40% by the end of 2017 from the level in late 2015. Last Wednesday, the cocoa futures on ICE has climbed to an 18-month high of $2,836 per metric ton. The […]

Gold and Commodities Market Review: Strong USD Led to the Failure of Gold’s Rebound

Gold and Commodities Market Review (Source: Commodity Trade Mantra) Sound US Economy Contained Precious Metal Price Gold market experienced another wave of selling pressure in the past week, mainly because of the bullish US economic outlook and stronger USD. Gold price dropped below $1230 per ounce last Tuesday immediately after the comments from Federal Reserve […]

Gold News: Dollar Hits Year High But Retreats In Face Of Iran Deal

In the latest gold news: As of May 8 at approximately 2:19pm EST, gold was trading at $1317.06 per ounce

Gold News: Gold Experiences Sharp Drop Following Fed Comments

In the latest gold news: As of March 05 at approximately 1:12pm EST, gold was trading at $1318.94 per ounce