The release of crude oil inventories earlier today showed a surprise increase in the number of barrels.
January 2 – 5: gold outlook
On Friday in the final trading day of 2017 a weaker US currency underpinned gold, letting this precious commodity reach a three-month maximum back above $1,300.
February delivery gold futures gained 0.61% being worth $1,305.10 in New York, demonstrating the highest close since September.
The number one precious metal has managed to earn 14% for the year, which is the largest yearly percentage profit since 2010.
Recent weakness in the US currency has underpinned gold by making the dollar-denominated precious metal more affordable for holders of other currencies.
On Friday, the US currency dived to its lowest value for more than three months versus a basket of the other crucial currencies and also reported its largest annual percentage sink since 2003.
Additionally on Friday, silver hit $16.98 a troy ounce, concluding 2017 with a 6 revenue%.
Palladium reported the strongest leap among precious metals of 2017, gaining 57% amid worries over the supply outlook.
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.