Oil: Oil prices fell as record crude output by the world’s three largest producers outweighed supply concerns from the start of U.S. sanctions next week against Iran’s petroleum exports. Front-month Brent crude futures were at $72.50 per barrel, down 39 cents, or 0.5%, from their last close. U.S. WTI crude futures were down 37 cents, or 0.6%, at $63.32 a barrel.Gold: Global gold prices were steady in early Asian trade on Friday, after rising about 1.5 percent in the previous session, while the dollar inched up ahead of the U.S. payrolls data due later in the day. Spot gold was steady at $1,232.72 per ounce. Prices climbed to their highest since Oct. 26 at $1,237.39 per ounce on Thursday after falling for three days in a row. U.S. gold futures were down 0.4% at $1,233.8 per ounce.
Metals: Shanghai copper prices rose by more than 1% in early trade on Friday, snapping a four-day losing streak after the presidents of the US and China both expressed optimism about resolving a trade row between the two countries. The most-traded December copper contract on the SFE rose as much as 1.2% to 49,450 yuan. Shanghai aluminium rose for the first session in seven in a broad base metals rally, while nickel climbed as much as 1.9% in Shanghai. For More Information Please Visit : www.dollaradvisory.com and Call : +91 9111-179961
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