Gold spot prices have been climbing to make new record high and settled at USD2657 /oz on Friday. This week, we target the bulls might rise further and reach USD2700 /oz before encountering profit-tak…
Commodity
Weekly Rubber Report – 30 Sep 2024
Market Fundamentals: Rubber prices have risen due to supply shortages resulting from monsoon season in Southeast Asia. Additionally, the impact of U.S. interest rate cut has started to influence natur…
Commodity Market Report – 28 July 2024
Gold Spot prices traded moderately lower last week after topping off recent historical high at USD2483 /oz. This week, we predict the market will make a technical recovery and trade within USD2360 …
Weekly Rubber Report – 28 July 2024
Market Fundamentals: The Dollar Index (USDX) threaded sideways around 104.00 region last week. In our opinion, Dollar tends to fall this week and lift the general demand of commodity prices. Rubber pr…
Commodity Market Report – 8 July 2024
Gold Spot prices shot up from USD2320 – USD2391 /oz last week as Dollar subsided. This week, we expect the market will rise in moderate demand while trading from USD2360 – USD2410 /oz. The…
Weekly Rubber Report – 8 July 2024
Market Fundamentals: Dollar Index (USDX) slid and closed at 104.55 on Friday, resulting the Gold and WTI Crude edging higher. The U.S. unemployment rate climbed to 4.1 percent high since October 2021 …
Commodity Market Report – 10 Jun 2024
Gold prices slid on Friday from USDD2387 /oz top. This week, we foresee the market will weaken further and trade within USD2280 – USD2330 /oz range. Fundamentally, the yellow metal will trade in…
Weekly Rubber Report – 10 Jun 2024
Market Fundamentals: Dollar Index (USDX) sprang up from Friday from 104.00 to 104.92 after the U.S. nonfarm payroll showed strong growth by 272,000 jobs in May. The expectation of rate cut in the FOMC…
Commodity Market Report – 29 Apr 2024
Gold prices dipped beneath USD2300 /oz and recovered fast. This week, we outlook the market will trade within USD2310 – USD2360 /oz region. Beware of breaking beyond this trend that will initiate a ne…
Weekly Rubber Report – 29 Apr 2024
Market Fundamentals: Dollar Index (USDX) has been staying on firm track and put a lid on general commodity last week. However, some bargaining hunters are seen in market finding new entries in SICOM R…