The first glimmer of hope in oil industry
Observing news today one can easily get disappointed. However, things are getting better.
Gold ascends to its highest value in a month
On Monday, gold grew to its highest level in nearly a month during European trade because market participants awaited a busy week of economic events, including a Fed policy decision as well as American second quarter surge data.
Gold futures rose to$1,257.41 a troy ounce, its highest value since June. Last the commodity was worth $1,253.21, sliding 0.1%.
The previous week prices logged a profit of more than 2% because everlasting political turmoil in the White House and also weakness in the greenback bolstered haven demand for the primary precious metal.
Next week global financial markets will pay attention to the outcome of Wednesday's Federal Reserve policy gathering for any fresh insight on the timing of the next American rate lift and clues on how the US major financial institution intends to pare back its huge balance sheet.
Meanwhile, platinum lost 0.3% being worth $934.85, palladium sank 0.2% trading at $842.30 an ounce.
Similar
Gold price has dropped
XAU/USD reversed down from the $1,700 area and dropped to $1,586 on March 12.
Analysts: how about $20 for Brent oil?
Oil market crashed after OPEC+ didn’t agree on production cuts. What’s next? Let’s see what bank analysts have to say about this.
Latest news
OIL: it started
WTI was at $20 per barrel just in the beginning of the day. Currently - above 25$.
Coronavirus impact on US labor market: latest news
27,000 people became unemployed in private sector
Employment data may make the USD volatile
The US Non-farm payrolls, also known as NFP, will be published on April 3, at 15:30 MT time.
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