Gold reaches new high
The price for the yellow metal has crossed the level at $1,341.
Oil edges up on signs of tighter market
On Wednesday, crude prices rallied, soaring for a third day, following signs that markets are actually tightening after years of oversupply. However, the outlook for 2018 was still unclear.
American West Texas Intermediate crude futures gained 0.3% from their previous settlement. Brent crude futures hit $56.69, soaring 0.1% from their previous close.
Traders told that on Wednesday they would consider US fuel inventory data, while on Thursday they will closely watch indicators on price direction.
The American Petroleum Institute is expected to publish its data for the previous week on Wednesday at 2030 GMT, while the US Department of Energy's report will be unveiled on Thursday.
As financial experts stressed, short-term conditions seemed tightening.
Price support is also ensured by economic surge, which the International Monetary Fund forecast late on Tuesday would account for 3.6% worldwide in 2017 and 3.7% next year.
Similar
5 important events this week will bring us!
Find out the main drivers for this week
Prices for oil rise
The price for WTI has risen to its highest levels since the beginning of May.
Latest news
British inflation tacks on 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…
Evergreen buck heads north
On Friday, the evergreen buck rallied versus its counterparts after data disclosed that the American economy generated more jobs than anticipated In October, thus backing the Fed’s case to proceed with gradual rate lifts…
Gold sinks on soaring greenback
On Monday, gold declined because the evergreen buck managed to gain early traction, thus putting pressure on the most popular precious commodity, which has been sticking with the year’s minimums…
Deposit with your local payment systems
