Crude's prices fall on the inventories' release
The release of crude oil inventories earlier today showed a surprise increase in the number of barrels.
Gold inches up in Asia as US government will be financed for 3 weeks
On Tuesday, gold futures rallied in Asia, with a government shutdown in America no longer threatening for at least three weeks. It’s because Donald Trump dared to sign a continuing funding resolution officially approved by US Congress on Monday.
February delivery gold futures added 0.32% in New York being worth $1,336.10 a troy ounce.
Overnight, gold dived from maximums because safe-haven demand declined reacting to news that US Senators might be approaching an agreement to have the government shutdown resolved.
Another factor putting pressure on gold was an everlasting soar in Treasury yields because the United States 10-Year tacked on to an almost three-and-half-year maximum amid soaring investor optimism on the outlook of inflation as well as economic surge.
Sentiment for the number one precious metal is still bullish, although data disclosed that market participants kept increasing their bullish bets on this commodity for the fifth week in a row.
Similar
The price for gold has tested the levels above $1,500
The yellow metal reached the highest levels in 6 years amid the global risk aversion.
Gold is rising
The yellow metal could not stay for a long time near the $1,401 level.
Latest news
Crypto assets decline as OECD demands global ICO regulation
On Monday, crypto assets tumbled due to the fact that the Organization for Economic Cooperation and Development drew attention to the necessity of the global regulation of initial coin offerings…
German exporters don’t care about stronger euro
German exporters demonstrate ascending optimism as for their business prospects because growing demand from other euro zone countries helps to compensate worries regarding the strengthening currency, as the Ifo economic institute told on Wednesday…
Japan's October machinery orders tack on
In October, Japanese machinery orders rebounded with a faster soar than anticipated, thus re-affirming the resilience of capital spending, which is a major driver in the Japanese economy's almost two-year expansion…
Deposit with your local payment systems
