LesleyShaw

LesleyShaw Updated 

WTI crude oil futures rose slightly on Wednesday as traders weighed factors such as optimism about Sino-US trade, falling US production and technical positioning, while also considering ongoing concerns about oversupply. The recent decline in oil prices is largely due to OPEC+'s decision to accelerate production increases for the second consecutive month. Reported...

LesleyShaw Updated 

During the US trading session on Monday, WTI crude oil recovered some of its losses from the sharp drop at the start of the week, and was reported at $57.55 per barrel during the session. OPEC+ unexpectedly increased production again, and WTI crude oil continued the bearish momentum that has gradually formed since March. With the increase in global supply and the...

LesleyShaw Updated 

Today's gold market opened like yesterday, and started to rise in the early trading session, rising all the way to around $3,370. However, it encountered strong resistance here, and then turned downward and began to fall. It is worth noting that today's gold price not only failed to break through this key resistance level, but also fell below the low point reached...

LesleyShaw Updated 

US President Trump said he had no intention of firing Fed Chairman Powell. Affected by this, the US dollar soared in the short term and spot gold plummeted dramatically. This remark marks a huge change in Trump's attitude. He has recently stepped up his criticism of Powell and refused to rule out the possibility of taking the unprecedented step of firing...