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Daily Commodities News

Metals Analysis
Gold could break the bottom. Forecast as of 28.09.2020 08:20 Gold could break the bottom. Forecast as of 28.09.2020
Gold bulls ready for take-off to above 2,000 USD soon? 07:00 Gold bulls ready for take-off to above 2,000 USD soon?
Gold traders with a clear focus on the FED on Wednesday 06:30 Gold traders with a clear focus on the FED on Wednesday
XPTUSD forecast: Platinum will outperform gold 08:20 XPTUSD forecast: Platinum will outperform gold
After failing to recapture 2,000 USD - Gold in front of a deeper correction to 1,800 USD? 05:30 After failing to recapture 2,000 USD - Gold in front of a deeper correction to 1,800 USD?
XAU/USD forecast: Gold goes down in the second wave 08:00 XAU/USD forecast: Gold goes down in the second wave
Gold holds above 1,900 despite ‘disappointing’ Powell – bullish? 04:50 Gold holds above 1,900 despite ‘disappointing’ Powell – bullish?
Gold below 2,000 USD again – but overall still bullish 05:20 Gold below 2,000 USD again – but overall still bullish
XAG/USD forecast: Silver is against vaccines 08:40 XAG/USD forecast: Silver is against vaccines
After the biggest drop since 2013 – Gold bulls about to take control again 04:40 After the biggest drop since 2013 – Gold bulls about to take control again
XAU/USD forecast: Gold market will face a turmoil 08:10 XAU/USD forecast: Gold market will face a turmoil
Gold with first weekly close above 2,000 USD – further gains ahead? 06:30 Gold with first weekly close above 2,000 USD – further gains ahead?
Forecast for XAU/USD: Gold churns out records 11:30 Forecast for XAU/USD: Gold churns out records
Physical Gold delivery on the rise – 2,000 USD only a stop-over? 05:10 Physical Gold delivery on the rise – 2,000 USD only a stop-over?
XPTUSD forecast: Platinum sticks to turtle tactics 09:10 XPTUSD forecast: Platinum sticks to turtle tactics
Spot Gold with a new all-time high, 2,000 USD – here we come! 06:40 Spot Gold with a new all-time high, 2,000 USD – here we come!
Spot Gold with a new all-time high, 2,000 USD – here we come! 06:30 Spot Gold with a new all-time high, 2,000 USD – here we come!
Forecast for XAG/USD: Silver is given the green light 09:10 Forecast for XAG/USD: Silver is given the green light
Gold bulls chomping at the bit, all-time highs still in focus 05:20 Gold bulls chomping at the bit, all-time highs still in focus
Gold stabilizing above 1,800 USD – are dropping US yields a bullish driver? 06:10 Gold stabilizing above 1,800 USD – are dropping US yields a bullish driver?
XAG/USD forecast: Silver has two growth drivers 09:10 XAG/USD forecast: Silver has two growth drivers
XPTUSD forecast: Platinum is to start rising 08:20 XPTUSD forecast: Platinum is to start rising
Gold bulls with a clear focus on 1,800 USD – a break ahead? 05:10 Gold bulls with a clear focus on 1,800 USD – a break ahead?
Gold finally driven above 1,800 USD by ISM Manufacturing? 05:10 Gold finally driven above 1,800 USD by ISM Manufacturing?
Gold uptrend continues 08:30 Gold uptrend continues
Silver is outperforming gold 08:20 Silver is outperforming gold
What’s up Gold? Gold bulls fail to regain control after the Fed 05:20 What’s up Gold? Gold bulls fail to regain control after the Fed
Gold requires financial repression 08:50 Gold requires financial repression
Gold bulls hold 1,660 USD – near-term test of the all-time highs still on the table 06:10 Gold bulls hold 1,660 USD – near-term test of the all-time highs still on the table
Gold bulls in charge of the action again – new yearly highs soon? 04:00 Gold bulls in charge of the action again – new yearly highs soon?
Gold: the pandemic starts and ends, but the liquidity remains 08:20 Gold: the pandemic starts and ends, but the liquidity remains
Gold market 12:30 Gold market
Gold bulls still in charge, but is a short-term correction coming? 04:30 Gold bulls still in charge, but is a short-term correction coming?
Gold with new yearly Highs on Monday – new all-time highs ahead? 06:10 Gold with new yearly Highs on Monday – new all-time highs ahead?
Gold traders to focus on Powell’s testimony on Wednesday 06:30 Gold traders to focus on Powell’s testimony on Wednesday
Gold: never say never 08:30 Gold: never say never
ADP expected at -20 million on Wednesday – Gold with new yearly highs? 05:50 ADP expected at -20 million on Wednesday – Gold with new yearly highs?
Gold traders carefully watching the US GDP and Fed on Wednesday 05:50 Gold traders carefully watching the US GDP and Fed on Wednesday
Gold is being nostalgic 08:20 Gold is being nostalgic
Gold finally has a corrective move – but still clearly bullish 06:10 Gold finally has a corrective move – but still clearly bullish
US Retail Sales to print at an all-time low – Gold with new bullish momentum? 06:30 US Retail Sales to print at an all-time low – Gold with new bullish momentum?
Gold stays bullish in the long-term, but with sell-off potential in the short-term 05:50 Gold stays bullish in the long-term, but with sell-off potential in the short-term
Gold is getting used to new reality 08:40 Gold is getting used to new reality
A new Gold liquidation wave, driven by ADP data, on Wednesday? 05:50 A new Gold liquidation wave, driven by ADP data, on Wednesday?
Gold holding above 1,440/450, but the risk of a downward break remains 07:10 Gold holding above 1,440/450, but the risk of a downward break remains
Gold remembered the past 09:20 Gold remembered the past
US yields about to collapse – Gold breaking 1,700 USD only a question of time 08:10 US yields about to collapse – Gold breaking 1,700 USD only a question of time
Gold caught a fish in troubled water 09:40 Gold caught a fish in troubled water
Gold bulls cheer at the Fed emergency rate cut 07:20 Gold bulls cheer at the Fed emergency rate cut
Gold goes vertical, trading at its highest levels since 2013 07:00 Gold goes vertical, trading at its highest levels since 2013


Commodities Market Analysis from banks

07.04.2020
CitiBank GOLD
Citi forecasts that gold price could reach $2000 per ounce in the next 12 -24 month. A slowdown of the global economy, recession fears and spreading coronavirus could boost gold demand as a safe-haven asset.  
06.04.2020
Morgan Stanley OIL
Morgan Stanley cut its oil forecasts for the second quarter for WTI from $52.5 to $30 and for Brent from $57.5 to $35.
01.04.2020
BMO GOLD
Analysts from BMO rise gold forecast for 2d quarter to $1660 and to $1700 by the end of 2020. 
24.03.2020
Barclays Capital OIL
Barclays slashed its oil forecasts for this year. New price outlook for WTI is 28 USD per barrel and for Brent is 31 USD. 
23.03.2020
UBS OIL
UBS lowered its Brent and WTI crude price outlook for 2d quarter to $20 per barrel from $30 and $28 respectively.
20.03.2020
CitiBank OIL
Citigroup revised its oil forecast for the 2d quarter because of the drop of global demand and battle between Russia and Saudi. According to the base scenario, the average price for Brent - 17USD and in the worst case the price could slide to 5 USD per barrel. 
20.03.2020
Bank of America GOLD
Bank of America revised its average gold price forecast for the 2020 year from 1625 to 1619 USD per ounce. 
18.03.2020
Goldman Sachs OIL
Goldman Sachs predicts that global oil demand can drop to 1.1 million bpd in 2020 because of slowing economic growth as a result of the coronavirus epidemic.  The bank forecasts that WTI and Brend will trade averaging 20 USD per barrel in the second quarter. 
11.03.2020
Barclays Capital OIL
Barclays lowered its 2020 oil forecasts: for Brent to 43 USD per barrel and WTI to 40 USD. The price war between Saudi Arabia and Russia and spreading around the globe coronavirus will affect oil demand. 
11.03.2020
Bank of America OIL
Bank of America lowered its Brent crude price forecast to $45 a barrel in 2020 from $54 a barrel.
27.02.2020
Goldman Sachs GOLD
Analysts from Goldman Sachs upgrade their gold forecast to $1800 in 12-month period. In the short-term, the price will rise to $1750. Demand for gold as a haven is driven by fears on spreading COID-19, sell-off on stock markets and focus on U.S. elections. 
04.11.2019
Goldman Sachs GOLD
Analysts from Goldman Sachs forecast further Gold growth as increasing geopolitical risks. The average price in 6-12 month will be $1600. 
04.11.2019
Standard Chartered GOLD
Standard Chartered forecasts that Gold price can reach $1605 by the end of 2020 year. 
01.11.2019
Morgan Stanley OIL
Experts from Morgan Stanley downgraded the outlook for the end of the 2019 year: for Brent from $65 to $60 and for WTI from $58 to $55.
01.11.2019
CitiBank GOLD
Citibank forecasts that gold will drop to $1482 in short term period. In long-term the price will reach $1700.
Expand


Commodities Technical Analysis

Currency М30 H1 H4 D W M
Copper
Moving Averages sell sell sell sell buy buy
Indicators sell sell sell sell buy buy
Gold
Moving Averages buy buy sell sell neutral buy
Indicators buy buy sell sell sell buy
Palladium
Moving Averages buy buy sell sell buy buy
Indicators buy buy sell sell buy buy
Platinum
Moving Averages sell sell sell sell sell sell
Indicators sell buy sell sell sell buy
Silver
Moving Averages buy buy neutral neutral buy buy
Indicators buy buy neutral sell buy buy
Buy 9 9 10 10 9 3
Sell 9 9 8 7 9 10
Summary neutral neutral sell sell neutral buy