“Gold Futures Plunge Below $2,000: Lowest in 3 Weeks – Time to Invest or Panic?”
Gold futures experienced a decline on Friday, settling below $2,000 an ounce for the first time in three weeks. The hawkish commentary from Federal Reserve officials indicated that the US rates would remain higher for a longer time, impacting the gold market. Lukman Otunuga, a manager of market analysis at FXTM, said that the Federal […]
EIA Reveals Surprising Surge in US Crude Supplies After 3 Week Drought – What’s Next?
The Energy Information Administration (EIA) reported that US commercial crude inventories rose by 600,000 barrels for the week ending April 7, following declines over the past two weeks. On average, analysts anticipated a climb of 700,000 barrels, according to a survey by S&P Global Commodity Insights. The EIA report released on Wednesday also showed weekly […]