Oil market updates on November 14
Today, the oil prices may move on the release of crude oil inventories at 18:00 MT time.
Gold prices go down from 1-month maximum as risk sentiment gets back
On Tuesday, the yellow metal rebounded from a one-month maximum, breaking a three-day winning marathon due to the fact that risk aversion receded in financial markets.
On the Comex exchange, June delivery gold futures headed south by approximately 0.4% concluding the trading session at $1,323.55 a troy ounce, rebounding from what a day earlier had been its highest outcome since February 28.
Eventually, panic over the inversion of the bond yield curve in America that provoked a tumble in equities last Friday and resulted in purchasing of haven assets receded due to the fact that policymakers along with analysts had the temporary nature of the event downplayed.
The vast majority of experts are assured that the inversion should last a significant amount of time, even a quarter, and only in this case it could indicate a downtime, as some financial analysts pointed out.
On Monday, Chicago Fed chief Charles Evans told that he’s still assured that everything will be OK with the US economy. The statesman added that the yield inversion was probably flatter than normal because of lower trend surge as well as lower interest rates.
Now let’s have a closer look at other metals. As a matter of fact, silver futures headed south by about 0.5% ending up with $15.492 a troy ounce.
As for palladium futures, they went down by about 1.5% demonstrating an outcome of $1,520.90 an ounce. Besides this, platinum declined by almost 0.1% being worth $862.30.
As for base metal commodities, copper managed to tack on by approximately 0.1% trading at $2.859 a pound.
Similar
Oil market updates on October 23
According to yesterday’s news OPEC is considering further production cuts. The next meeting of oil-producing countries is scheduled for December 5-6. The announcement pushed the oil prices up yesterday.
Oil market updates on October 9
Heads up to the release of weekly crude oil inventories at 17:30 MT!
Latest news
Market updates on November 15
During the Asian trading session, the White House economic adviser Larry Kudlow announced the positive progress in phase one trade deal with China.
USD/MXN: the rate decision is ahead
The Bank of Mexico is expected to cut its interest rate from 7.75% to 7.5% today at 21:00 MT time
Oil market updates on November 14
Today, the oil prices may move on the release of crude oil inventories at 18:00 MT time.
Deposit with your local payment systems
