Gold is nearly intact
On Wednesday, gold was nearly intact because traders closely watched a policy statement by the key US bank, which is expected to shed light on its interest rate plan for the rest of 2019…
Crude moderately rebounds in Asia
On Thursday, crude prices rebounded modestly in Asia because markets are waiting for full details of a widely anticipated extension of OPEC-led output curbs.
In New York, January delivery crude futures tacked on 0.21% being worth $57.42 a barrel. Meanwhile, in London, Brent futures added 0.32% reaching $62.73 a barrel.
OPEC along with key ally Russia is going to extend output curbs for up to nine months. Nevertheless, they’re on the verge of reviewing the deal in June of 2018 based on market conditions.
On Wednesday, six ministers from OPEC as well as non-OPEC crude producers including Russia and Saudi Arabia met in Vienna and made up their mind to extend the crude output curbs of 1.8 million barrels a day to the end of next year. They also discussed other related matters without providing further details.
Overnight, oil settled lower after data disclosing crude stockpiles dived for the second straight week didn’t manage to compensate a sudden build in product inventories ahead of the OPEC gathering.
Similar
Gold heads north, with Fed meeting in focus
On Tuesday, gold jumped, underpinned by hopes that the US main financial institution is going to send financial markets a more dovish message as for future monetary policy following the two-day policy gathering scheduled to start a bit later on Tuesday…
Gold jumps to $1,300
On Monday, gold managed to ascend because traders closely watched a busy week probably to be dominated by the Fed’s regular policy gathering…
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
