Announcements

Energy and Precious Metals Market events for February 2-3, 2023

On February 2, the focus is on natural gas reserves in the United States. On February 3, data on oil rigs from Baker Hughes and speculative positions on oil and gas, gold, silver, aluminum and copper are on the agenda.

2 February
Energy Events for February 1, 2023

The agenda includes the OPEC meeting, the results of the US Federal Reserve meeting, crude oil and petroleum products stocks, as well as gasoline and distillate production.

31 January
Commerzbank: gold will continue to rise with ETF investors’ increasing interest in the metal

On January 31, the World Gold Council (WGC) will release data on demand and supply for the fourth quarter of 2022 as well as the whole year. Commerzbank's economists believe that ETF investors’ interest in the precious metal will continue to set the direction of prices.

31 January
OPEC+ remains cautious on oil demand in China and supplies from Russia

OPEC+ is taking a cautious approach on oil, waiting for China's renewed economic activity and new limits on supplies from Russia. Delegates said OPEC+ will stand for preserving the same levels of black gold output at Wednesday's meeting.

31 January
The EU is considering a price cap on Russian diesel fuel at $100 per barrel

The European Union plans to implement a $100-per-barrel limit on Russian diesel fuel.

27 January
Energy and Precious Metals Market events for January 26-27, 2023

On January 26, the focus is on natural gas reserves in the United States. On January 27, data on oil rigs from Baker Hughes and speculative positions on oil and gas, gold, silver, aluminum and copper are on the agenda.

26 January
Strong growth in U.S. economy is expected in fourth quarter however, outlook deteriorates

The U.S. economy likely saved the high growth rates in the fourth quarter as the buyers increased the expenditures for goods.

26 January
Citic Securities: gold will hit the highest this year

China’s biggest brokerage Citic Securities forecasts a rise in gold to the highest levels this year. The price of the precious metal might exceed $2,000 per ounce.

26 January
Metals are traded in narrow price range ahead of Fed’s meeting

The price of metals still remains the same. That stability, in its turn, is related to the upcoming release of official statistics and the meeting of the Federal Reserve System (FRS) in the United States.

26 January
Gold is trading near local highs in anticipation of U.S. statistics

The dollar has weakened and gold continued to rise. Several economic reports from the U.S. are expected, and they may influence the results of the Fed meeting next week. Investors are waiting.

26 January

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