Wednesday, 9 January 2019

Crude Climbs To 3-Week High As Trade Talks Fuel Demand Optimism

Oil closed at a three-week high as U.S. negotiators touted progress in trade talks with China and investors gained faith that OPEC will shrink output.
Futures rose 2.6 percent to almost $50 a barrel in New York on Tuesday. Talks with China are “ going very wel l,” U.S. President Donald Trump said in a tweet as the delegations in Beijing extended their meeting into Wednesday. Meanwhile, a post-market industry report was said to report substantial increases in American gasoline and diesel inventories, a bearish signal for crude demand.
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Monday, 7 January 2019

Gold Up As US Fed Stance Pricks Dollar, Stocks Rally Cap Gains

Gold rose on Monday, helped by a weaker dollar on expectations that the US Federal Reserve might apply brakes on its monetary tightening cycle in 2019, although an improved risk appetite limited gains for the safe haven metal.
Spot palladium, meanwhile - which broke through $1,300 on Friday to hit its highest on record at $1,310 per ounce - eased slightly, but was still trading at a slight premium to gold. For More Information Please Visit : www.dollaradvisory.com and Call : +91 9111-17996

Friday, 4 January 2019

Oil Slips On Economic Downturn Fears, But OPEC Cuts Offer Support

Oil prices fell on Friday after the United States showed signs of following Asia into an economic slowdown, although supply cuts by producer club OPEC kept declines in check. 
US West Texas Intermediate (WTI) crude oil futures were at $46.71 per barrel at 0117 GMT, down 35 cents, or 0.7 percent, from their last settlement. International Brent crude futures were down 38 cents, or 0.7 percent, at $55.57 a barrel. For More Information Please Visit : www.dollaradvisory.com and Call : +91 9111-17996

Thursday, 3 January 2019

Dollar Advisory Commodity Update : Gold Prices To Trade Higher Today

Spot gold prices rose by 0.2 percent to close at $ 1284.7 as slowdown in the global growth increased demand for safe haven assets. Weak manufacturing sector numbers published by Europe and China mounted concerns of a global economic slowdown pressurizing the stock markets which triggered demand for the yellow metal. However, uptrend in the Dollar Index capped the gains. On the MCX, gold prices rose 0.6 percent to close at Rs.31610.00 per 10 gms. For More Information Please Visit : www.dollaradvisory.com and Call : +91 9111-17996

Wednesday, 2 January 2019

Crude Oil Falls As Traders Gear Up For Volatile 2019

Oil markets reversed early gains on Wednesday to fall on the back of surging U.S. crude production and concerns of an economic slowdown in 2019.
International Brent crude futures were at $53.65 per barrel at 0218 GMT, down 15 cents, or 0.3 percent, from their final close of 2018. West Texas Intermediate (WTI) spot crude oil futures were at $45.34 per barrel, down 7 cents, or 0.1 percent. For More Information Please Visit : www.dollaradvisory.com and Call : +91 9111-17996