Commodities

The commodity keeps its gains as the group of seven advanced economies is mulling a limit on the price of oil imports from Russia, while Libya warns of potential export halt

XAU/USD opened higher today, as the G7 economies are expected to sanction imports of Russian gold, based on the US President’s comments over the weekend

The gold price retested its bearish continuation pattern following its breakdown.

US President Biden is considering a suspension of the federal gas tax and action could be announced within the day, in a backdrop of soaring prices and monetary tightening by the Fed which creates stagflation fears

Copper is positively correlated with economic cycles. Therefore, its latest price action is a cause for concern.

XAU/USD is cautious and unable to find firm direction, as a volatile week draws to a close, during which we saw many central banks handing down their monetary policy decisions

The commodity lacks direction as investor digest IEA’s monthly report and China’s economic data, while expecting a potentially highly consequential policy decision by the US Fed

Market participants exited the precious metal in a panic yesterday. Today sees indecision, with the Fed decision clearly on the mind of market participants.

NGAS dips in uptrend following an explosion at a Texas export facility.

USOil consolidates today, as markets digest higher US inventories, elevated Chinese exports and lower global GDP forecasts, ahead of Friday’s US Inflation update

The daily gold chart may hint at the primary trend's direction.