United States Oil (USO) still heading for losses of about 4%, hit by a combination of rising global supply and uncertain future demand

United States Oil (USO) still heading for losses of about 4%, hit by a combination of rising global supply and uncertain future demand Oil prices edged up on Friday after a difficult week, but were still headed for losses of about 4%, hit by a combination of rising global supply and uncertain future demand. U.S.…

Silver 1 OZ 999 NY (XAG=X) higher on some safe-haven demand amid reports the world’s two largest economies are not close to a trade deal

Silver 1 OZ 999 NY (XAG=X) higher on some safe-haven demand amid reports the world’s two largest economies are not close to a trade deal Safe-haven gold and silver prices are moderately up in early U.S. trading Thursday, on some safe-haven demand amid reports the world’s two largest economies are not close to a trade…

Gold 1 OZ (XAU=X) higher as Consumer Spending Rises Slightly, Inflation Remains Under Target

Gold 1 OZ (XAU=X) higher as Consumer Spending Rises Slightly, Inflation Remains Under Target Consumer spending, which accounts for two-thirds of the US economy, remains healthy at 0.2% growth in September. The strong labor market has allowed for robust spending despite worsening economic conditions worldwide and recessionary pressure building in the US. Business investment, which…

Canadian Dollar: USD/CAD (CAD=X) is fast approaching the nearby 200-day moving average around 1.33

Canadian Dollar: USD/CAD (CAD=X) is fast approaching the nearby 200-day moving average around 1.33 A certifiably dovish Bank of Canada rate decision sparked a formidable Canadian Dollar selloff on Wednesday, potentially shifting the longer-term outlook for the Loonie. Consequently, USD/CAD’s recent bounce off support around 1.3050 could mark a local bottom. Now, the pair is fast approaching…