Updates on Bullion, Base Metals, and Energy Levels 23rd Jan 2020
  • posted by IMV |
  • 23/1/2020

Gold traded sideways on Thursday ahead of a policy decision by the European Central Bank, although mounting concerns over a virus outbreak in China supporting the price of Gold. On the other hand, Crude oil dipped as concern regarding outbreak of virus in China may lower fuel demand if it stunts economic growth in an echo of the SARS epidemic nearly 20 years ago.   Today, traders should concentrate on the Unemployment Claims along...

Updates on Bullion, Base Metals, and Energy Levels  (22nd Jan 2020)
  • posted by IMV |
  • 22/1/2020

Gold slipped on Wednesday as the dollar index firmed and also Chinese health officials said that they had stepped up protective measures in hospitals to counter the new coronavirus that has raised fears of a global pandemic. On the other hand, Crude oil traded lower as the International Energy Agency (IEA) forecast a market surplus in the first half, helping ease concerns about disruptions that have slashed Libya's crude output.  ...

Updates on Bullion, Base Metals, and Energy Levels 21st Jan 2020
  • posted by IMV |
  • 21/1/2020

Gold rose on Tuesday as the spread of a new virus in China stoked fears of a wider epidemic, sparking a sudden bout of risk aversion and sell-off in Asian stocks while on the other hand, Crude oil Oil prices eased on Tuesday as investors appeared to shrug off earlier supply concerns following a force majeure declared by Libya on two major oilfields amid a military blockade. (Source: Investing.com) No Major Economic Data for the Day....

Updates on Bullion, Base Metals, and Energy Levels 20th Jan 2020
  • posted by IMV |
  • 20/1/2020

Gold rose on Monday after a missile attack in Yemen over the weekend created geopolitical concerns and boosted the metal’s safe-haven investment while on the other hand, Crude oil rose too as production bases in Libya began shutting down amid a military blockade, risking reducing crude flows from the OPEC member to a trickle.  No Major Economic Data for the Day. Technical Levels Gold (Feb)...

Updates on Bullion, Base Metals, and Energy Levels 17th Jan 2020
  • posted by IMV |
  • 17/1/2020

 Gold sideways on Thursday amidst uncertainties regarding the US and China trade deal Phase-1 as a top US official said that tariffs on China will remain as usual even after the agreement is signed which made investors invest in a safer asset. On the other hand, Crude oil traded sideways too as reports of sluggish economic growth in China, the world's biggest crude importer, raised concerns about future fuel demand which weighed down on the...

Updates on Bullion, Base Metals, and Energy Levels 16th Jan 2020
  • posted by IMV |
  • 16/1/2020

 Gold sideways on Thursday amidst uncertainties regarding the US and China trade deal Phase-1 as a top US official said that tariffs on China will remain as usual even after the agreement is signed which made investors invest in a safer asset. On the other hand, Crude oil traded sideways too after the announcement from the US regarding trade deal which capped the demand of Crude oil. Today, traders should concentrate on the Core Retail...

Updates on Bullion, Base Metals, and Energy Levels 15th Jan 2020
  • posted by IMV |
  • 15/1/2020

 Gold jumped on Wednesday amidst uncertainties regarding the US and China trade deal Phase-1 as a top US official said that tariffs on China will remain as usual even after the agreement is signed which made investors invest in a safer asset. On the other hand, Crude oil traded lower after the announcement from the US regarding trade deal which capped the demand of Crude oil. Today, traders should concentrate on the Prelim Wholesale...

Updates on Bullion, Base Metals, and Energy Levels 14th Jan 2020
  • posted by IMV |
  • 14/1/2020

 Gold traded lower on Tuesday as risk appetite was whetted by stronger-than-expected China economic data and the imminent signing of a preliminary U.S.-China trade deal. On the other hand, Crude oil traded sideways as investors focused on the signing of a preliminary trade deal between the United States and China, the world's top oil consumers, and on expectations of a drawdown in U.S. stockpiles. Today, traders should concentrate on the...

Updates on Bullion, Base Metals, and Energy Levels 13th Jan 2020
  • posted by IMV |
  • 13/1/2020

     Gold traded lower on Monday ahead of the planned signing of an interim trade deal between Washington and Beijing, which has encouraged investors to return back to riskier assets. On the other hand, Crude oil traded sideways as fears of conflict between the United States and Iran eased, with investors shifting their focus to this week’s scheduled signing of an initial U.S.-China trade deal, which could boost economic growth and...

Updates on Bullion, Base Metals, and Energy Levels 10th Jan 2020
  • posted by IMV |
  • 10/1/2020

 Gold traded lower on Friday as easing tensions in the Middle East prompted investors to move back to riskier bets. On the other hand, Crude oil traded lower too headed for its first weekly loss since November as the prospect of open war in the Persian Gulf receded, easing fears of a supply disruption in the Middle East. Today, traders should concentrate on the Average Hourly Earnings m/m along with Non-Farm Employment Change and...