Section
The latest commodities coverage from the TrustFinance editorial desk.
JPMorgan analysts argue that gold's recent pullback presents a compelling investment opportunity, citing favorable macro scenarios, clean investor positioning, and strong structural demand.
Gold prices remained stable above the key $4,000 level as traders adopted a cautious stance ahead of the Federal Reserve's upcoming interest rate decision and the release of crucial U.S. inflation figures.
Oil benchmarks rose after Yemen's Houthi group claimed a missile strike on a major Saudi Arabian refinery, reigniting geopolitical risk premiums and concerns over Middle East supply stability.
Crude oil prices rose over 1% after two sessions of losses, driven by renewed Houthi attacks on key Saudi Arabian energy facilities and a surprise drop in U.S. crude inventories.
West Texas Intermediate crude oil is testing a major technical resistance level around $103.50, but overbought conditions and a potential bearish chart pattern are raising concerns about a possible reversal.
Gold prices have fallen sharply, pushing the Relative Strength Index (RSI) to an extremely oversold level of 23.67, yet multiple other indicators suggest the strong downtrend remains firmly in place.
Natural gas prices have plunged, pushing the Relative Strength Index (RSI) to an extremely oversold reading of 19.04 as the commodity tests a critical support level, creating a complex technical picture for traders.
UBS Global Wealth Management projects silver could climb to $80 per ounce by the end of 2027, driven by rising industrial demand from AI infrastructure and a persistent structural supply gap, despite near-term headwinds from tight monetary policy.
India's crude oil imports rose to 22.26 million metric tons in September, a 16% monthly increase, as the country shifted procurement back toward Middle Eastern suppliers and away from Russia.
