Wednesday, 15 May 2019

Oil Prices Ease On Surprise Rise In US Stockpiles

Oil eased on Wednesday after closely watched data showed a surprise rise in U.S. crude stockpiles, but prices were supported by mounting tensions in the Middle East.
Brent crude futures were at $70.90 a barrel, down 41 cents, or 0.7%, from their last close. Brent closed up 1.4% on Tuesday.

Oil prices have drawn support after Saudi Arabia on Tuesday said armed drones struck two of its oil pumping stations, two days after the sabotage of oil tankers near the United Arab Emirates.

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Wednesday, 8 May 2019

Gold Demand Up 20%, But Buyers Prefer Light-Weight Jewellery

Gold prices rose to their highest in more than a week on Wednesday as renewed worries over US-China trade dispute and its potential impact on global growth dented risk sentiment, stoking investors towards safe-haven assets.
Gold prices rose on Tuesday as US President Donald Trump’s threat to raise tariffs on Chinese imports rekindled trade tensions between the two economies and pushed investors to seek insurance in safe haven assets. Internationally, spot gold was up 0.2 per cent at $1,283.41 per ounce. 
Gold price was hovering around Rs 31,700 per 10 gm, which is 0.5 per cent higher than the gold price on last Akshaya Tritiya (April 18, 2018). For More Information Please Visit : and Call : +91 9111-179961

Monday, 6 May 2019

Gold Gains As Trump Threatens To Increase Tariffs On Chinese Goods

Gold rose on Monday after U.S. President Donald Trump threatened to impose tariffs on Chinese goods, indicating a dramatic deterioration in Sino-U.S. trade talks and prompting a sharp downturn in riskier assets.
Spot gold rose 0.3 percent to $1,282.96 per ounce as of 0121 GMT. U.S. gold futures were up 0.2 percent to $1,283.70 an ounce. United States President Donald Trump dramatically increased pressure on China to reach a trade deal by announcing on Sunday he would hike tariffs on $200 billion worth of Chinese goods this week and target hundreds of billions more soon. For More Information Please Visit : and Call : +91 9111-179961

Thursday, 2 May 2019

Oil Caught Between Pillar & Post As U.S. Output Hits Record

Oil prices were caught between opposing forces on Thursday, squeezed by record U.S. crude oil output and surging stockpiles, but supported by global market tensions as all exemptions to U.S. sanctions on Iran expired, Venezuela’s crisis escalated, and producer club OPEC withheld supply. Spot Brent crude oil futures were at $72.15 per barrel at 0142 GMT, 4 cents below their last close. U.S. West Texas Intermediate (WTI) crude futures were virtually unchanged from their last settlement, at $63.58 per barrel. and Call : +91 9111-179961

Tuesday, 30 April 2019

Oil Dips On Expectations Of Rising Output, China Stutter

Oil prices dipped on Tuesday on expectations rising output from the United States and producer club OPEC would offset most of the shortfall expected from U.S. sanctions on Iran, but analysts said markets remained tight. Brent crude futures were at $71.75 per barrel at 0131 GMT, down 29 cents, or 0.4 percent, from their last close. and Call : +91 9111-179961

Friday, 26 April 2019

Oil Prices Ease On Expectation That OPEC Will Raise Output

Oil prices dipped on Friday on expectations that producer club OPEC will soon raise output to make up for a decline in exports from Iran following a tightening of sanctions by the United States against Tehran. Brent crude futures were at $74.09 per barrel at 0029 GMT, down 26 cents, or 0.4 percent, from their last close. 
U.S. West Texas Intermediate (WTI) crude futures were at $64.82 per barrel, down 39 cents, or 0.6 percent, from their previous settlement. For More Information Call us @ +91- 9111179961 or just click the link below :

Monday, 22 April 2019

Gold Steadies Near 4-Month Low As Dollar Gains In Wake Of U.S. Data

Gold prices steadied on Monday after falling to a near four-month low in the previous session, with the dollar gaining in the wake of indications that U.S. economic growth picked up in the first quarter.
Spot gold was up 0.1 percent at $1,275.80 per ounce as of 0111 GMT, having touched $1,270.63 in the previous session – its lowest since Dec. 27, 2018.
Spot gold fell 1.2 percent in the previous week, marking its fourth consecutive weekly decline. For More Information Please Visit : and Call : +91 9111-179961