Commodities
Enhance your commodity trading performance with our daily analyses and forecasts. We provide timely information on a core list of commodities: XAUUSD (Gold) and Brent crude oil.
In this section, you will find predictions of market trends and price movements based on both fundamental and technical analysis. We draw on economic indicators, geopolitical events, global supply levels, and other fundamental factors to forecast market developments.
This knowledge will help you make informed trading decisions, minimise risk and capitalise on market opportunities. Our commodity forecasts are accessible to traders of all levels, providing valuable insights and relevant analytics to help you achieve your financial goals in the commodities market.
09.08.2024
Gold (XAUUSD) rises moderately, returning to the price area above 2,400 USD
XAUUSD price reversed upwards and closed yesterday’s session with a moderate gain, establishing a foothold above 2,400. The upward movement may continue. Find out more in our XAUUSD analysis for today, 9 August 2024.
08.08.2024
Brent crude oil is rising amid decreased US EIA oil inventories
Brent price closed yesterday’s session with sustained growth, driven by statistics on decreased US oil inventories. Find out more in our Brent analysis for today, 8 August 2024.
07.08.2024
Gold (XAUUSD) undergoes downward correction, but growth potential remains
Although the XAUUSD price has dipped below 2,400 USD from its all-time high area, the uptrend persists, and growth may resume. Find out more in our XAUUSD analysis for today, 7 August 2024.
06.08.2024
Brent crude oil recovers after decline; focus on API data today
Brent price is consolidating near the 76.80 level after falling to 75.00 USD on Monday. Market participants are awaiting the US API oil stock data. Find out more in the Brent analysis for today, 6 August 2024.
05.08.2024
Gold (XAUUSD) is trading near its annual peak amid weak US employment market statistics
XAUUSD price rose to an annual and all-time high of 2,483 USD following Friday’s release of US employment data. Find out more in the XAUUSD analysis for today, 5 August 2024.
02.08.2024
Brent crude oil is trading around 80.00 USD; focus on US employment market data today
Brent price is consolidating within a limited range near 80.00 as market participants await US nonfarm payrolls and unemployment rate data. Find out more in the Brent analysis for today, 2 August 2024.
01.08.2024
Gold (XAUUSD) rises after the Fed’s meeting and comments from Chair Jerome Powell
The XAUUSD price increased to 2,458 USD following the Federal Reserve’s interest rate decision and accompanying comments. Find out more in our XAUUSD analysis for today, 1 August 2024.
31.07.2024
Brent prices fall below 80.00 USD; focus on the Federal Reserve’s decision and the EIA data today
According to the API data, Brent prices have fallen below 80.00 USD despite decreasing oil inventories. Today, the market awaits the outcome of the Federal Reserve’s meeting. Find out more in the Brent analysis dated 31 July 2024.