Monday, 31 December 2018

Gold Inches Lower As US-China Trade Talks Boost Risk Appetite

Gold prices fell slightly on Monday as Asian equities benefited from hints of progress on the long-drawn China-US trade spat, while the dollar held steady in a narrow range. 
Spot gold inched marginally lower to $1,280.20 per ounce at 0048 GMT, but was not far off Friday's six-month high of $1,282.09. US gold futures dipped 0.1 per cent to $1,282 per ounce. The dollar index, a gauge of its value versus six major peers, held a narrow range in thinly traded markets. For More Information Please Visit : www.dollaradvisory.com and Call : +91 9111-17996

Thursday, 27 December 2018

US Oil Prices Extend Gains As Equities Rise, But Economic Worries Weigh

US oil prices on Thursday extended their sharp climb from the session before amid rising stock markets, but worries over a glut in crude supply and concerns over a faltering global economy kept a lid on gains.
US West Texas Intermediate (WTI) crude futures, were up 26 cents, or 0.56 percent, at $46.48 per barrel at 0032 GMT. They jumped 8.7 percent to $46.22 per barrel in the previous session. Brent crude oil futures had yet to trade. They rose 8 percent to $54.47 a barrel the day before.
Global stocks rebounded on Wednesday on the back of the Trump administration's attempt to shore up investor confidence and a report on strong U.S. holiday spending.
For More Information Please Visit : www.dollaradvisory.com and Call : +91 9111-17996

Friday, 21 December 2018

Crude Oil Prices Rise As OPEC Output Cuts Seen Deeper Than Previously Expected

Oil prices climbed on Friday after tumbling 5 percent in the last session, with OPEC production cuts that start next month seen being deeper then previously expected. Benchmark Brent crude futures were up 1.51 percent at $55.17 per barrel at 0112 GMT, recovering from losses of $2.89 per barrel the session before. U.S. West Texas Intermediate (WTI) crude futures rose 1.53 percent, or 70 cents, to $46.58 per barrel. For More Information Please Visit : www.dollaradvisory.com and Call : +91 9111-179961

Tuesday, 18 December 2018

US Oil Prices Drop 1% On Oversupply Fears

US oil prices fell 1 percent on Tuesday after slipping below $50 a barrel in the previous session, with reports of a big climb in US inventories and forecasts of record shale output stoking worries about oversupply.
Concerns around future oil demand amid weakening global economic growth and doubts on the impact of planned OPEC-led production cuts were also hurting prices, traders said.
US West Texas Intermediate (WTI) crude futures were at $49.35 per barrel at 0035 GMT, down 1.06 percent, or 53 cents, from their last settlement.
US crude prices have tumbled more than 35 percent since early October and are currently at levels not seen since October 2017. For More Information Please Visit : www.dollaradvisory.com and Call : +91 9111-179961

Monday, 17 December 2018

Crude Oil Prices Rise, But Global Economic Concerns Weigh

Oil prices climbed on Monday after U.S. drilling activity fell to its lowest level in about two months, but increasing concerns about weaker growth in major economies kept a lid on gains. International Brent crude oil futures were at $60.37 per barrel, up 9 cents, or 0.2 percent, from their last close. U.S. West Texas Intermediate (WTI) crude futures were at $51.44 per barrel, up 24 cents, or 0.5 percent. For More Information Please Visit : www.dollaradvisory.com and Call : +91 9111-179961

Tuesday, 11 December 2018

Crude Oil Prices Rise On Libyan Export Disruption, But Markets Remain Weak

Oil prices on Tuesday clawed back some of their losses from the previous day as Libya’s National Oil Company declared force majeure on exports from the El Sharara oilfield, which was seized at the weekend by a local militia group. 
U.S. West Texas Intermediate (WTI) crude futures were at $51.19 per barrel, up 19 cents, or 0.4 percent, from their last settlement. Libya’s National Oil Company (NOC) late on Monday declared force majeure on exports from the El Sharara oilfield, the country’s biggest, which was seized at the weekend by a militia group. For More Information Please Visit : www.dollaradvisory.com and Call : +91 9111-179961

Monday, 10 December 2018

Dollar Advisory Commodity Update : Gold May Show An Upward Tilt On MCX

Gold futures, on the other hand, got some sparkle after a firm demand from local jewelers at the spot market, coupled with positive global leads. 
MCX Gold ruled at Rs 31,625 per 10 grams, up by Rs 30, while silver hit Rs 37,959 per kg, down Rs 13, at 10.50 am. Crude oil stood at Rs 3,756 per barrel, down Rs 93. For More Information Please Visit : www.dollaradvisory.com and Call : +91 9111-179961