Gold fell to the lowest level in almost 4-weeks amid signs of slowing US growth while dollar gained on speculation that European Union leaders will struggle to solve the debt crisis. Gold has lost its safe haven title as investors begin to move into the risk markets. Although risk aversion remains the theme with no […]
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During early Asian session, oil futures prices are trading above $80/bbl with marginal gain of 0.30 in electronic platform. As per National Hurricane Centre, US tropical storm Debby formed on yesterday in Gulf area is slowly dissipating. Currently 50 knots are there, however it’s not expected to strengthen further. Thus, gains in oil prices are
Equities are trading down following the increased risk from Europe to control the rising debt concerns. World leaders pressured Europe at the Group of 20 Nations Summit on Monday to take ambitious new steps to resolve its debt crisis while China has committed itself to boosting the resources of the International Monetary Fund in order
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During early Asian session, oil prices are seen hovering near $83/bbl with fall of more than 0.40 percent from yesterday’s closing. Ahead of OPEC meeting today oil prices have come under pressure with the question of rising, cutting or keeping the production quota by OPEC members. As per the OPEC monthly report, the world market
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Gold traded little changed after bouncing from a key support level at $1,530 announce in the previous session, as investors remained focused on Spain’s struggle with its finances and frail banking sector. Spot gold lost more than 6 percent on the month. Spot Gold is currently trading at $1561.60. Comex Silver is currently trading at
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