Gold rose on Tuesday as the spread of a new virus in China stoked fears of a wider epidemic, sparking a sudden bout of risk aversion and sell-off in Asian stocks while on the other hand, Crude oil Oil prices eased on Tuesday as investors appeared to shrug off earlier supply concerns following a force majeure declared by Libya on two major oilfields amid a military blockade. (Source: Investing.com) No Major Economic Data for the Day....
Gold rose on Monday after a missile attack in Yemen over the weekend created geopolitical concerns and boosted the metal’s safe-haven investment while on the other hand, Crude oil rose too as production bases in Libya began shutting down amid a military blockade, risking reducing crude flows from the OPEC member to a trickle. No Major Economic Data for the Day. Technical Levels Gold (Feb)...
Gold sideways on Thursday amidst uncertainties regarding the US and China trade deal Phase-1 as a top US official said that tariffs on China will remain as usual even after the agreement is signed which made investors invest in a safer asset. On the other hand, Crude oil traded sideways too as reports of sluggish economic growth in China, the world's biggest crude importer, raised concerns about future fuel demand which weighed down on the...
Gold sideways on Thursday amidst uncertainties regarding the US and China trade deal Phase-1 as a top US official said that tariffs on China will remain as usual even after the agreement is signed which made investors invest in a safer asset. On the other hand, Crude oil traded sideways too after the announcement from the US regarding trade deal which capped the demand of Crude oil. Today, traders should concentrate on the Core Retail...
Gold jumped on Wednesday amidst uncertainties regarding the US and China trade deal Phase-1 as a top US official said that tariffs on China will remain as usual even after the agreement is signed which made investors invest in a safer asset. On the other hand, Crude oil traded lower after the announcement from the US regarding trade deal which capped the demand of Crude oil. Today, traders should concentrate on the Prelim Wholesale...
Gold traded lower on Tuesday as risk appetite was whetted by stronger-than-expected China economic data and the imminent signing of a preliminary U.S.-China trade deal. On the other hand, Crude oil traded sideways as investors focused on the signing of a preliminary trade deal between the United States and China, the world's top oil consumers, and on expectations of a drawdown in U.S. stockpiles. Today, traders should concentrate on the...
Gold traded lower on Monday ahead of the planned signing of an interim trade deal between Washington and Beijing, which has encouraged investors to return back to riskier assets. On the other hand, Crude oil traded sideways as fears of conflict between the United States and Iran eased, with investors shifting their focus to this week’s scheduled signing of an initial U.S.-China trade deal, which could boost economic growth and...
Gold traded lower on Friday as easing tensions in the Middle East prompted investors to move back to riskier bets. On the other hand, Crude oil traded lower too headed for its first weekly loss since November as the prospect of open war in the Persian Gulf receded, easing fears of a supply disruption in the Middle East. Today, traders should concentrate on the Average Hourly Earnings m/m along with Non-Farm Employment Change and...
Gold jumped in the early session on Wednesday to its seven-year peak after Iran launched retaliatory missile strikes against U.S. forces in Iraq. On the other hand, Crude oil jumped too, to their highest in months due to missile strikes. Today, traders should concentrate on the ADP Non-Farm Employment Change and Crude Oil Inventories from the house of US which will impact on metal and Bullions segment. If the forecast figure match with...
Gold slipped on Tuesday from to its seven-year peak, as Middle East tensions cooled and investors booked profit. On the other hand, Crude oil also crashed in the previous day session as investors reconsidered the likelihood of Middle East supply disruptions in the wake of the United States killing a top Iranian military commander. Today, traders should concentrate on the Trade Balance along with ISM Non-Manufacturing PMI and Factory...
