Gold is underpinned by wavering US currency
On Monday, gold managed to surge due to the fact market participants questioned the greenback jump’s near-term durability…
Crude goes down in Asia with API estimates ahead
On Wednesday, oil prices sagged in Asia, with a first weekly data look at the consequences of Hurricane Harvey ahead with industry estimates made by the American Petroleum Institute as well as caution in the financial markets because Hurricane Irma is making its way to Florida.
October delivery crude futures tumbled 0.32% in New York being worth $48.55 a barrel. At the same time Brent futures tumbled 0.49% in London, demonstrating an outcome of $53.12 a barrel.
Overnight, crude futures jumped because Gulf Coast refineries started restarting operations, reacting to the disruptions provoked by Hurricane Harvey the previous week.
Crude prices kept paring losses sustained the previous week, after pipelines, crude refineries and transportation routes across Louisiana and Texas started restarting operation, thus improving American refinery capacity, right after flooding because of Hurricane Harvey shut down approximately a quarter of refinery capacity the previous week.
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On Friday, gold managed to rally due to the fact that American leader shockingly impacted market optimism generated by the probability of renewed trade negotiations between China and America…
Gold stands still on hopes for US-China trade talks
On Thursday, gold stood still against the backdrop of news of probable US-China trade negotiations, although the yellow metal was held down by a firmer evergreen buck…
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Forex today: easing geopolitical tensions
Safe havens such as gold and Japanese yen declined as investors sentiment was boosted by eased geopolitical tensions…
Common currency ascends ahead of euro zone data
On Tuesday, the euro tacked on because market participants waited for reports on inflation and growth in the euro zone, while the Japanese yen went down after Japan’s major bank told it would be more flexible in its huge stimulus program…
Greenback edges down
On Tuesday, the evergreen buck dived because the common currency bounced off and the UK pound managed to ascend to the day’s maximums reacting to reports that British Prime Minister Theresa May is going to take control of Brexit talks…
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