Gold prices ascend as investors closely watch US-China trade clashes
On Wednesday, gold prices managed to tack on in Asia…
Crude is steady as American crude inventories decline notwithstanding soaring output
On Thursday, crude prices didn’t change because American crude inventories sank notwithstanding a leap in output, while outside America an OPEC-led supply cut kept tightening the market.
Brent futures LCOc1 hit $60.56 a barrel, adding 0.1% from their previous close. This commodity benchmark has soared more than 35% since its 2017-minimums last June.
American West Texas Intermediate crude futures CLc1 showed $54.30 a barrel, staying intact from the previous settlement, although still 30% above its 2017-minimum in June.
Market participants told that crude markets were being underpinned by sagging American commercial crude inventories notwithstanding ascending output.
American commercial crude inventories went down by 2.4 million barrels by October 27 to 454.9 million barrels, as data from the Energy Information Administration revealed on Wednesday.
Similar
Yellow metal breaks below $1,200 once again
Anxiety over the US-China trade conflict and Brexit is keeping the yellow metal’s $1,200 perch alive, notwithstanding the evergreen buck trying to gain leverage against gold on the same fears…
Gold goes down on soaring greenback
On Monday, gold slipped a bit because the USD index rallied to its highest value for more than 17 months, thus affecting gold’s demand…
Latest news
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…
Deposit with your local payment systems
