Gold prices dipped beneath USD1810 /oz and bounced off on Friday. This week, we predict the trend will move into small recovery and trade within USD1810 – USD1850 /oz. Beware of breaking beneath USD18…
Commodity
Weekly Rubber Report – 9 Oct 2023
Market Fundamentals: Dollar Index (USDX) topped 107.05 level retreated last week. Strong rise in U.S. payrolls on Friday release might trigger another rate hike in early November. Rubber demand has w…
Commodity Market Report – 25 Sep 2023
Gold prices traded in weak recovery last week as the market moved in sideways. This week, we predict the trend will fall while limited at USD1940 /oz resistance. Technically, the bears are likely to d…
Weekly Rubber Report – 25 Sep 2023
Market Fundamentals: The U.S. Federal Reserve kept the Federal Fund Rate unchanged last week but reiterated to keep high interest rate for long term. The Dollar Index (USDX) traded in firm sentiment a…
Commodity Market Report – 18 Sep 2023
Gold prices bounced off USD1900 /oz last week due to bargain-hunting activity. This week, we foresee the trend will trade down again as Dollar is prone to rise. Overall range is target to contain from…
Weekly Rubber Report – 18 Sep 2023
Market Fundamentals: The Dollar Index (USDX) has traded in recovery trend last week due to high expectation of U.S. rate hike this week. On Friday, the Dollar Index settled near to 105.00 level. This …
Commodity Market Report – 4 Sep 2023
Gold prices crawled up in slow rise last week. The market might be resisted at USD1950 /oz this week and begin to make corrections. Technically, we predict the range will trade from USD1910 – USD1950 …
Weekly Rubber Report – 4 Sep 2023
Market Fundamentals: Rubber prices recovered last week due to rising demand from China. Dollar Index (USDX) waned in early part of last week and helped to push Rubber prices higher. However, the stron…
Commodity Market Report – 28 Aug 2023
Gold Gold prices regained small strength above USD1900 /oz last week. Technically, we foresee the trend will whipsaw this week due to uncertainty and within the range of USD1895 – USD1920 /oz. The bul…
Weekly Rubber Report – 28 Aug 2023
Market Fundamentals: China announces rate cut on the 1-year lending rate to 3.45 percent in an effort to stimulate SME loans and reverse weakening consumer spending. Last week, Shanghai Rubber rose an…