Gold moves down
On Friday, gold declined, simultaneously trying to preserve its weekly profits because the USD index jumped, offsetting its abrupt weekly dive…
Oil is mixed with American rig count ahead
On Friday, in Asia, crude was narrowly mixed because traders looked ahead to American rig count data from Baker Hughes for further direction on shale crude.
November delivery crude futures gained 0.10% in New York reaching $51.34 a barrel. At the same time Brent futures dived 0.05% in London being worth $57.23 a barrel.
On Tuesday, crude prices managed to settle lower because data demonstrating a larger than anticipated build-up of product inventories kept weighing on market sentiment.
Crude prices went down because signs that OPEC would further extend the world’s supply-cut agreement deal didn’t manage to compensate everlasting investor worries over data highlighting a steep soar in gasoline as well as diesel supplies.
Issued on Wednesday, a weekly report from the Energy Information Administration revealed that American gasoline stockpiles went up for a fourth straight week. Meanwhile, supplies of distillates edged up for the first time since August.
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Gold goes down notwithstanding weakening greenback
On Thursday, gold declined notwithstanding a weakening evergreen buck in the face of ebbing trade fears, as market participants waited for economic data later in the trading session and also looked ahead to the Fed’s policy gathering next week…
Gold is underpinned by wavering US currency
On Monday, gold managed to surge due to the fact market participants questioned the greenback jump’s near-term durability…
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Forex today: easing geopolitical tensions
Safe havens such as gold and Japanese yen declined as investors sentiment was boosted by eased geopolitical tensions…
Common currency ascends ahead of euro zone data
On Tuesday, the euro tacked on because market participants waited for reports on inflation and growth in the euro zone, while the Japanese yen went down after Japan’s major bank told it would be more flexible in its huge stimulus program…
Greenback edges down
On Tuesday, the evergreen buck dived because the common currency bounced off and the UK pound managed to ascend to the day’s maximums reacting to reports that British Prime Minister Theresa May is going to take control of Brexit talks…
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