Tuesday, 18 September 2018

Gold Slips As New US Tariffs On China Lifts Dollar

Gold prices inched lower early on Tuesday, after rising 0.6 per cent in the previous session, as the dollar rose after the United States imposed a new round of tariffs on Chinese imports, aggravating global trade worries.The dollar index, which measures the greenback against a basket of currencies, was up 0.1 per cent at 94.582. China's yuan was 0.25 per cent lower at 6.8862 per dollar in offshore trade. Gold prices have declined over 12 per cent from April amid intensifying global trade tensions and under pressure from rising US interest rates. For Any More Information Please Visit : www.dollaradvisory.com and Call : 9111179961

Monday, 17 September 2018

Oil Prices Ease As Trade Row Clouds Demand Outlook

Global oil prices eased in early Asian trading on Monday on concerns that the United States is poised to impose additional tariffs on China, outweighing supply fears from upcoming sanctions on Iran. Brent crude oil futures dipped 16 cents, or 0.2 per cent to $77.93 a barrel. For more information Visit : www.dollaradvisory.com and Call : ✆ +91 9111179961

Gold Treads water On Reports New China Tariffs Imminent

Gold prices were little changed early Monday, after falling 0.6 per cent in the previous session, as investors remained cautious on reports that the United States is set impose a new round of tariffs on Chinese imports. 
The dollar index was firm at 94.951, having bounced from over six-week lows of 94.359 hit last week. Gold prices have declined about 12.6 per cent from April amid intensifying global trade tensions and under pressure from rising US interest rates. For more information Visit : www.dollaradvisory.com and Call : ✆ +91 9111179961

Wednesday, 12 September 2018

Gold Prices Slip On US-Sino Trade war Fears

Gold prices inched down on Wednesday after touching two-week lows in the previous session, with investors staying away from bullion on fears the US-China trade war could escalate. The trade conflict has prompted investors to buy the US dollar in the belief that the United States has less to lose from the dispute, making dollar-priced gold more expensive for non-US buyers. 
Spot gold was down 0.1 per cent at $1,196.21 an ounce at 0102 GMT, after hitting its lowest since Aug. 24 at $1,187.21 on Tuesday. For more information Visit : www.dollaradvisory.com and Call : ✆ +91 9111179961

Tuesday, 11 September 2018

Gold, Silver Trade Lower In Morning Trade

Gold prices were trading in red in morning trade on Tuesday as the dollar remained firm on hopes that the US interest rate will rise this month and worries that the Sino-US trade war could escalate. 
MCX Gold futures were down 0.52 per cent to 30,554 per 10 gram, while MCX Silver futures were down 0.47 per cent to 37,319 per 1 kg at around the same time. For more information Visit : www.dollaradvisory.com and Call : ✆ +91 9111179961

Monday, 10 September 2018

Oil Prices Climb As US Drilling Stalls, Iran Sanctions Loom

Oil prices rose on Monday as US drilling for new production stalled and as the market eyed tighter conditions once Washington's sanctions against Iran's crude exports kick in from November. US West Texas Intermediate (WTI) crude futures were at $67.96 per barrel at 0150 GMT, up 21 cents, or 0.3 per cent, from their last settlement. 
Brent crude futures climbed 30 cents, or 0.4 per cent, to $77.13 a barrel. US energy companies cut two oil rigs last week, bringing the total count to 860, energy services firm Baker Hughes said on Friday. The US rig count has stagnated since May, after staging a recovery since 2016, which followed a steep slump the previous year amid plummeting crude prices. For more information Visit : www.dollaradvisory.com and Call : ✆ +91 9111179961

Gold Inches Down On Rate Hike Views, Trade Worries

Gold held on to a small loss from the previous session on Monday, amid expectations of a US Federal Reserve interest rate hike in September and fears of escalating trade tensions between the United States and China. Spot gold was down 0.1 per cent at $1,194.01 at 0030 GMT, having fallen 0.4 per cent in the previous session. 
US gold futures fell 0.1 per cent to $1,199.80 an ounce. US jobs growth accelerated in August, with wages notching their largest annual increase in nine years, strengthening views the economy was so far weathering the Trump administration's escalating trade war with China. 
The Federal Reserve should keep raising US interest rates until mid-2019, and only then needs to take a decision on when it ought to stop, Dallas Fed President Robert Kaplan suggested on Friday.For more information Visit : www.dollaradvisory.com and Call : ✆ +91 9111179961