Gold prices ascend as investors closely watch US-China trade clashes
On Wednesday, gold prices managed to tack on in Asia…
Crude posts moderate revenues in Asia
On Tuesday, oil leapt a bit in Asia, with turmoil in the Middle East as well as top exporter Saudi Arabia in focus, not to mention weekly American estimates of inventories.
In New York, December delivery crude futures sagged 0.23% being worth $57.22 a barrel. Meanwhile, in London, Brent futures leapt 0.06% showing an outcome of $64.11 a barrel.
The American Petroleum Institute is expected to publish its weekly estimates on crude as well as refined product stocks in America, with a 2.8 million barrels sag in crude observed, a 2.100 million barrels tumble in distillates and also a 2.176 million barrels dive in gasoline inventories expected.
By the way, on Wednesday, the Energy Information Administration will unveil official data.
Overnight, crude prices managed to settle higher amid rising political uncertainty in the Middle East after Saudi Arabia Crown Prince Mohammed bin Salman made use of an anti-corruption crackdown for the purpose of consolidating his power.
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
