The release of crude oil inventories earlier today showed a surprise increase in the number of barrels.
Gold descends on profit-taking in Asia
On Monday, gold sank on profit-taking in Asia because market participants are closely watching the evergreen buck for potential further dives closely connected with a more gentle than anticipated rate lift path by the key US bank in 2018 after gloomy jobs data the previous week.
February delivery gold futures lost 0.11% in New York being worth $1,320.70 a troy ounce.
In Japan, financial markets are going to remain unavailable for a holiday.
The previous week, gold headed south because traders took profits after gold’s leap to three-and-a-half month peaks earlier in the week and as the evergreen buck rallied notwithstanding a weaker-than-anticipated American jobs report for December.
Nevertheless, gold has gained 0.99% for the week, which is its fourth consecutive weekly profit.
In December, the American economy generated up to 148,000 jobs, as the Labor Department informed, which is below the 190,000 estimate by experts, while the unemployment rate was intact, sticking to 4.1%.
The yellow metal reached the highest levels in 6 years amid the global risk aversion.
The yellow metal could not stay for a long time near the $1,401 level.
On Tuesday, crypto assets dived, with Bitcoin decreasing below the psychologically crucial $5,000 mark for the first time this year…
In July, Britain's inflation rate rallied for the first time in 2018, thus leaving many UK households feeling quite squeezed by prices, soaring at nearly the same tempo as their wages…
Welcome to Tuesday, people! Here’s your markets update ahead of the European trading session.