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…
US crude ascends in Asia as China GDP backs demand views
On Thursday, oil surged in Asia, backed by upbeat GDP data for the third quarter in China, which is the world's number one crude importer. Another factor was growing demand by China’s refineries.
November delivery crude futures grew 0.02% in New York being worth $52.05 a barrel. Meanwhile, Brent futures stood still, sticking to $58.15 a barrel.
On Thursday, China informed that its third quarter GDP showed an expected outcome, demonstrating a 1.7% leap on quarter as well as 6.8% soar on year. Meanwhile, industrial output grew 6.6%, which is more than the 6.2% jump observed in September, while fixed asset investment added 7.5%, which is below the 7.7% revenue observed. Additionally, the country’s retail sales ascended 10.3%, thus surpassing the anticipated 10.2% growth.
In September, China's domestic crude output sank 2.9% hitting 15.53 million metric tons, as the National Statistical Bureau revealed on Thursday.
Similar
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…
Gold stands still on hopes for US-China trade talks
On Thursday, gold stood still against the backdrop of news of probable US-China trade negotiations, although the yellow metal was held down by a firmer evergreen buck…
Latest news
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…
Deposit with your local payment systems
