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The FXGT Blog
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Commodities
28 May 2024
Correction Brings Gold to Key Support as Market Awaits US Inflation Data
After having reached an all-time high last Monday, gold prices declined by more than 4%, now hovering around $2,350. Despite this decline, the daily trend remains strongl...
CFD Trading
Beginner
24 May 2024
What Are Commodities: The Role in Global Markets
Learn about the role of commodities in global markets and how to invest in different types of commodities. Stay updated with future trends.
21 May 2024
Oil Prices Weaken Despite Geopolitical Risks, OPEC+ Meeting in Focus
The market has spent the last two weeks in a sideways range, finding resistance at $80 and support at $77. Oil prices retested the $80 level during yesterday's session bu...
20 May 2024
Gold Surges to Record Highs Amid Fed Rate Cut Hopes and Escalating Geopolitical Tensions
Gold prices surged on Monday, hitting a record high near $2,450 during the European session. The rise was driven by renewed hopes for interest rate cuts from the US Feder...
14 May 2024
Gold's Bullish Momentum Faces Test with Upcoming US Inflation Data
Gold has climbed 2.60% since the start of May and 13% since the beginning of the year, continuing its rally above key moving averages across various timeframes. However, ...
9 May 2024
WTI Climbs Above $79 Following Inventory Decline
West Texas Intermediate crude oil prices rebounded above $79 per barrel on Thursday, following a significant decrease in U.S. crude inventories. Oil prices have faced sig...
26 April 2024
Oil Prices Recover on U.S. Treasury Outlook and Middle East Tensions
Oil prices are poised to close the week on a positive note, marking a reversal from two consecutive weeks of declines. This uptick is driven by encouraging remarks from U...
23 April 2024
Oil Traders Cautious as Geopolitical Landscape Remains Unpredictable
Geopolitical Tensions: Oil markets are currently steady, with prices hovering around $83 a barrel, as traders wait for any new developments that could escalate geopolitic...
22 April 2024
Weekly Market Recap - Hawkish Fed Remarks & Increased Geopolitical Tensions Drive US Stocks Downward
The S&P 500 had its worst week in over a year, falling below 5,000 points due to strong economic data and hawkish Federal Reserve remarks, leading to revised expectations...
18 April 2024
Oil Prices Decline as Middle East Tensions Ease
U.S. crude futures extended their losses, hitting a three-week low influenced by traders discounting the immediate risks of a broader conflict in the Middle East and a le...
15 April 2024
The week ahead – All Eyes on Inflation data from the UK, Canada, Japan & New Zealand
Middle East Conflict: Continued conflict between Israel and Iran following Saturday’s escalation will likely affect global market sentiments, keeping traders vigilant on ...
15 April 2024
Weekly Market Recap - U.S. Stocks adjust to the reality of persistent inflation
U.S. stocks experienced their second consecutive week of declines, as the market adjusted to the reality of persistent inflation. As a result, the Dow Jones Industrial Av...
12 April 2024
Gold Soars to New $2,400 Record High as Geopolitical Tensions Strengthen Safe-Haven Appeal
Record-Breaking Rally: Gold price have surged to new all-time highs, reaching the $2,400 level...
12 April 2024
Rising Geopolitical Risks Spark Concerns Over Global Oil Supply Stability
Oil Price Movement: West Texas Intermediate (WTI) crude has spent the week consolidating sideways while holding above the key support at $85.00 per barrel
10 April 2024
Support at $85 Holds the Key to U.S. Oil's Bullish Sentiment
Since the start of April, U.S. oil prices have surged by 2.85%, showcasing a strong uptrend on the daily timeframe with moving averages aligned in a bullish configuration...
3 April 2024
Gold defends gains above $2,250; Attention turns to Friday’s NFP data
Rally to Record Highs: Gold has been witnessing a significant rally, pushing to new all-time highs above $2280. The current bullish wave reflects a market adjusting to th...