• AfkInsider Commodities Report: Oil Futures Fall, U.S. Inventory Climbs

    By Staff, 1:00 pm

    Nagging uncertainty over the U.S. Federal Reserve’s monetary stimulus policy returned to stalk markets this week. The Fed’s economic stimulus program is seen by investors as a key driver in boosting the price of commodities as it tends to depress the value of the U.S. dollar against other major currencies. Crude oil futures, which rallied within minutes of last week’s Fed announcement, resumed their downward trend this week on the lack of clarity over U.S. monetary policy.

  • AfkInsider Commodities Report: Crude, Gold, Copper Rally On Fed Decision

    By Staff, 9:00 am

    The U.S. Federal Reserve’s surprise move this week to delay scaling down its massive monetary stimulus program boosted many commodity prices as well as global equities. Many had anticipated that the Fed would start to scale back its bond-buying program. Crude oil futures rallied within minutes of the announcement. Some analysts believe the Fed’s decision not to taper brings inflation risks back into focus, which is positive for gold investment. Among the soft commodities, cocoa has been the star performer in 2013.

  • AfkInsider Commodities Report: Crude Fluctuates On Syria, Supply Concerns

    By Staff, 9:00 am

    Gold also fell after the U.S. president delayed a decision on a military strike on Syria. Uncertainty about the direction the U.S. Federal Reserve may take on economic stimulus withdrawal at next week’s meeting is also weighing on market sentiment.

  • AfkInsider Commodities Report: Supply Concerns Support Oil And Cocoa

    By Staff, 11:00 am

    While most commodities headed downwards this week, oil and cocoa prices bucked the trend, with concern about supply continuing to provide support for both. Syria is not a big oil producer but there are concerns the conflict could spill over into the wider Middle East and disrupt supplies.

  • AfkInsider Commodities Report: China, Eurozone Data Boost Copper

    By Staff, 9:00 am

    Copper led gains in industrial metals this week on better-than-expected manufacturing data from China and the Eurozone. The positive signals for the Chinese economy also helped oil; China is the second largest oil consumer after the U.S. After hitting six-week highs on Aug. 16, gold futures fell back this week on the market uncertainty over the U.S. Fed’s plans before recovering on the positive Chinese data.

  • AfkInsider Commodities Report: Oil Climbs On Egypt Concerns

    By Staff, 11:00 am

    China’s imports and exports unexpectedly jumped in July, a positive sign for the Chinese economy. Some analysts, however, remain cautious about China’s prospects, believing the country’s economy continues to face some serious challenges. Gold edged up over the past week, supported by strong demand from China, the world’s second biggest consumer of the precious metal, as well as better-than-expected economic data from the country.

  • AfkInsider Commodities Report: Gold Loses Its Grip; Cocoa Bucks Trend

    By Staff, 9:00 am

    The supply situation is seen as potentially bullish for palladium. Some 70 percent of palladium is used in catalytic converters, an essential component in the automotive industry, where sales are buoyant. Global car sales advanced 4 percent in the first half of 2013 and are expected to climb to a record high this year.

  • AfkInsider Commodities Report: Oil Moves Higher, Positive U.S., China Data Boost Copper

    By Staff, 10:04 am

    China, which accounts for about 40 percent of global copper demand and is an important consumer of other base metals, provided some upbeat news.

  • AfkInsider Commodities Report: Riding The Gold Roller Coaster

    By Staff, 3:38 pm

    Some bullishness returned to the gold market this week with the yellow metal breaking through $1,300 an ounce for the first time in five weeks. Gold was boosted by expectations of more demand from China as well and decline in the U.S. dollar, but it was something of a roller-coaster ride. Gold for August delivery […]

  • AfkInsider Commodities Report: Oil, Coffee, Cocoa Move Higher

    By Staff, 4:16 pm

    “So much has gone out of the copper price, that there isn’t much more that can bring it down.” – Copper Market and Demand at CRU in London.