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 settles higher, as Trump cools trade talk expectations
On Friday, gold managed to rally due to the fact that American leader shockingly impacted market optimism generated by the probability of renewed trade negotiations between China and America.
December deliver gold futures jumped by up to 0.2% on the Comex exchange being worth $1,210.6 per troy ounce.
US leader threw cold water on the very idea that trade negotiations initiated by the US government are aimed at clarifying disputes between China and America by writing on Tweeter that America wasn’t pressured to make a deal with the Asian partner.
After Chinese officials accepted the invitation, China Daily, the state-owned newspaper told that the Chinese government won’t buckle to American demands in any trade talks.
The newspaper told that the current US presidential administration shouldn’t think that China is going to surrender to the American demands. China claims it has enough fuel to power its national economy even if a trade conflict is going to be prolonged.
Apparently, the back and forth showed up after US leader’s threats on probable levies on literally all Chinese products. The Chinese government promised to respond.
Meanwhile, the strengthening uncertainty regarding the trade war between American and China backed gold.
In addition to this, American consumer prices rallied less than anticipated in August because profits in rents and gasoline were compensated by a dive in healthcare as well as apparel costs. As for inflation pressures, they decelerated too. The Federal Reserve is anticipated to have its benchmark interest rates lifted at its gathering already this month.
Besides this, South African miner Gold Fields Ltd is on the verge of prolonging the service life of its Cerro Corona gold mine situated in Peru till 2040. The company intends to invest up to $240 million in the mine.
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
