Commodity Roundup: Oil, gold firm ahead of U.S. GDP data, natgas down

Oil prices rise on fears of a wider conflict in the Middle East. Israel said it plans assault on Hamas hold-outs in Rafah. Brent crude futures rise 0.15% to $88.03 a barrel. Spot gold trading higher ahead of U.S. GDP data, natgas down.

SIL: Silver Prospects Look Good, But SIL May Not Necessarily Benefit

Commodity Roundup: Oil prices ease; LNG supply risks remain high, ANZ says

Commodities Energy Commodity Roundup: Oil prices ease; LNG supply risks remain high, ANZ says. Subdued demand has eased concerns about supply shortages in global gas markets. Significant risks to supply still remain due to the ongoing conflict in Ukraine and the Middle East. European natural gas futures eased after rising from a two-week low. Crude oil prices ticked lower despite surprise drop in crude stockpiles.

Gold's sharp two-day correction overdue and healthy, analysts say

Gold futures extended their losses Tuesday in the largest two-day percentage decline since February last year. Gold's correction is long overdue and healthy, Saxo Bank's Ole Hansen says. Silver also has corrected sharply in sympathy with gold. J.P. Morgan forecasts gold prices ending 2024 averaging $2,500/oz.

Commodity Roundup: Gold, silver suffer aggressive, but 'healthy' correction - Saxo Bank

Narrow Fiat Money Supply And Gold

Until the fiscal deficits slow, gold will break more records, says Paul Wong. He says the total amount of treasuries has expanded 100-fold since the early 1970s. The changes of the past years promote the status of treasury to be regarded as narrow money, he says. Money supply expansion is the cause of high interest rates and national debts.

Geopolitical Relief Triggers Gold Selloff: Prices Dip Below $2,350 Mark, Mining Stocks Hit Hard

Gold prices declined 2.7% Monday to below $2,350 as geopolitical risks wane. Silver, closely associated with gold, experienced its most substantial drop since last October. Plummeting gold prices weighed on mining stocks, with the VanEck Gold Miners ETF witnessing a 4.3% decline.

Weekly Report: what happened at SIL last week (0415-0419)?

Commodity Roundup: Oil sheds over 2%, gold down 1% as Mideast tensions ease

Commodities Energy Commodity Roundup: Oil sheds over 2%, gold down 1% as Mideast tensions ease. Crude oil prices fell more than 2% on Monday as Middle East tensions eased. Brent futures fell 0.58% to $86.58 a barrel. Gold prices retreated as well, registering a third consecutive weekly loss.

Gold tallies fifth straight weekly rise with Middle East risks rising

Gold tallies fifth straight weekly rise with Middle East risks rising. Front-month Comex gold for April delivery closed up +1.8% for the week to $2,398.40/oz. Gold's 16% YTD rally driven by a combination of geopolitical risks related to the Middle East and Ukraine.

Commodity Roundup: Oil erases early gains, gold volatile after Israel’s strike on Iran

Buying To The Bottom In Gold & Silver With Don Durrett

Commodity Roundup: Natural gas rises ahead of inventory data, oil extends losses

Silver, outgaining gold YTD, set for second highest-ever market deficit in 2024 - report

Gold extends record run as prices near $2,400; Citi sees $3,000 on the horizon

SILJ: There Is Still Time As Silver Experiences A Bullish Breakout

Silver prices have been lagging gold, but recent bullish technical formations have ignited a rally in silver. Silver has reached its highest price since February 2021 and could potentially challenge the 2011 and 1980 highs. Amplify Junior Silver Miners ETF has been underperforming silver but could catch up if silver prices continue to rise.

Commodity Roundup: Citi projects gold to hit $3,000/oz amid geopolitical heat

Commodities Energy Commodity Roundup: Citi projects gold to hit $3,000/oz amid geopolitical heat. Gold prices clocked another record-high settlement of $2,383/oz on Monday. Citi expects gold prices to hit a record high over the next 6–18 months.

Gold extends safe-haven rise to another record high despite stronger dollar

Gold futures edged higher Monday to notch another record-high settlement in safe-haven trading sparked by Middle East tensions. Front-month Comex gold for April delivery ended up 0.4% to $2365.80/oz. The dollar rose 0.2% and 10-year Treasury yields hit a five-month high after stronger than expected U.S. Retail sales in March.

Silver Miners ETF (SIL) Has Turned Higher

Silver Miners ETF (SIL) is a financial product designed to mirror the performance of silver mining companies. It offers investors a way to gain exposure to the silver market without buying physical silver or individual mining stocks. In this article, we look at the Elliott Wave outlook for the silver miners ETF.

Weekly Report: what happened at SIL last week (0408-0412)?