Gold prices sank towards USD1700 /oz last week as the dollar surged. This week, we predict the yellow metal is not optimistic about making a high recovery as the immediate resistance will emerge at US…
Commodity
Weekly Rubber Report – 18 Jul 2022
Market Fundamentals: last week, the Dollar Index (USDX) reached a new 20-year high above the 109.00 level and retreated slightly. Many commodity prices waned and U.S. inflation for June was reported a…
Commodity Market Report – 11 July 2022
Gold prices broke beneath USD1800 /oz benchmark and reached USD1740 /oz level. This week, we have identified the next support to emerge at USD1720 /oz in case of drawdown and bargain-hunting activity …
Weekly Rubber Report – 11 Jul 2022
Market Fundamentals: Dollar Index (USDX) crossed above the 106.00 level and created a 20-year record high last week. General commodities have sunken after Gold and Crude prices waned in prices before …
Commodity Market Report – 4 July 2022
Gold prices made a second dip below USD1800 /oz on Friday within two months and closed slightly higher. This week, we project the yellow metal will recover with the support emerging at USD1810 /oz. Ov…
Weekly Rubber Report – 4 July 2022
Market Fundamentals: Dollar Index (USDX) is very toppish at 105.50 level and prone to turn down soon. Gold and Crude prices may bottom out this week with general commodities as the Dollar wanes. Monso…
Commodity Market Report – 27 Jun 2022
Gold prices waned in demand last week as we expected. This week, we predict strong support will emerge at USD1820 /oz and begin to pick a bottom. The range is expected to be contained from USD1820 – U…
Weekly Rubber Report – 27 Jun 2022
Market Fundamentals: Dollar Index (USDX) remains firm and puts a lid on general commodity demand. Last week, Rubber prices declined slightly as Crude waned, thus pressuring the TOCOM and SICOM Rubber.…
Commodity Market Report – 20 Jun 2022
Gold prices threaded in sideways last week as bargain-hunters are beginning to pick bottom at USD1805 /oz level. This week, we reckon the market movement will move within the USD1805 – USD1860 /oz ran…
Weekly Rubber Report – 20 Jun 2022
Market Fundamentals: Both U.S. Federal Reserve and Bank of England raised interest rate last week to counter global inflation. Dollar Index advances against Asia currencies and maintains strong moment…