Gold is nearly intact ahead of Fed minutes
On Wednesday, gold was nearly intact in Asia due to the fact that traders waited for the minutes of the US major bank’s January meeting…
American crude prices fight to keep a grip on $50 a barrel
On Friday, American crude futures moderated on the heels of a second-straight leap, churning on either side of the closely monitored $50-a-barrel level as market participants weighed the previous week’s slowdown in domestic inventory surge as well as renewed hopes producers might extend recent output drops.
Prices have soared almost 5% for the last three sessions for both West Texas Intermediate as well as the global Brent benchmark after the previous week prices reached their lowest values since before the deal between the OPEC as well as heavyweight crude producers, including Russia.
In a TV interview Russian Energy Minister Alexander Novak told that Russia has already reduced 200,000 barrels a day and it’s on the verge of dropping more just to comply with its agreement to diminish 300,000 barrels daily.
Contributing to the bounce-back was mid-poor data showing that American crude inventories soared less than expected while crude-products supplies sank, pointing out that future demand for oil is set to strengthen.
Similar
Gold surges to fresh 9-month maximums
On Tuesday, gold managed to rally because traders awaited the publication of the minutes from the recent Fed policy gathering with hopes for them to confirm the major financial institution’s dovish policy stance…
Gold inches up towards new 10-month maximum
On Monday, the yellow metal managed to ascend, making its way towards their best outcome since April because the evergreen buck slumped on expectations that America and China would come to an agreement ending their long-lasting trade conflict…
Latest news
Weekly CryptoNews
Did Bitcoin manage to recover and what was the hottest news in the crypto and blockchain world? Read and find out!
Most Asian stocks post strong revenues with Nikkei rising more than 2%
On Monday, Asian stocks traded mostly higher, with Shanghai bucking the trend because centrist Emmanuel Macron fully matched opinion survey hopes and left anti-EU far-right nominee Marine Le Pen behind…
Japan real wages surge is slowest in almost two years
Japan's March real wages went down at the fastest pace in nearly two years, weighed by minor nominal pay lifts as well as a moderate ascend in consumer prices, thus posing a setback for Prime Minister Shinzo Abe's tries to revitalize the Japanese…
Deposit with your local payment systems
