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Last week, spot gold prices declined by 2.3 percent to close at $1212 per ounce. The pace of growth in the U.S. economy's service sector accelerated in June, as stronger demand offset slower employment gains, according to the Institute for Supply Management. Gold has shed about 6 percent sinc
Crude Oil on Friday 7th July 2017, Crude Oil July futures prices down by (-84) pts (-2.85%) closed at 2863, trading range between 2835 – 2933 Crude oil for August delivery on the New York Mercantile Exchange settled at $45.23 a barrel.
Oil prices fell sharply on Friday to log their sixth weekly loss in the past seven weeks, a
Gold on Friday 7th July 2017, Gold prices down by 332 pts closed at 27784 trading range between 28118-27724 and August Comex Gold futures settled at $1209.70 division of the New York Mercantile Exchange.
Gold and the dollar typically move in opposite directions, which means if the dollar goes down, gold futures, which are denominated in
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News and Analysis
*Markets keenly await US Nonfarm payrolls data.
* US ADP Non-Farm Employment Change fell by 158K in June’17.
* US Crude Oil Inventories plunged by 6.3 mn bbl last week
European markets are trading lower today ahead of release of US nonfarm payrolls report. Asian markets ended lower
Gold prices traded on an uneventful note, as rising sovereign bond yields in the developed world have dented the buying appetite for the yellow metal. In this regard, US 10yr yields are at six week high, while yields on German 10yr Bund is at 18 month high of 0.57%. On demand front, World Gold Council has lowered India’s gold consumpt
Gold pared gains as weaker-than-expected private sector payrolls data fed into a more cautious view on the pace of U.S. interest rate hikes and Treasury yields firmed. The ADP National Employment Report showed private sector payrolls increased by 158,000 jobs last month, lower than the 230,000 positions created in May and below expectations for a
Gold eased but hovered above the previous session's two-month low on Thursday as weaker-than-expected private sector payrolls data fed into a more cautious view on the pace of U.S. interest rate hikes this year and Treasury yields firmed.
The metal remained hemmed into a narrow range ahead of key U.S. non-farm payrolls data on Friday
Crude Oil on Thursday 6th July 2017, Crude Oil July futures prices Up by (9) pts (0.31%) closed at 2947, trading range between 2932 – 3019. Crude oil for August delivery on the New York Mercantile Exchange settled at $45.52 a barrel.
Crude oil prices fell sharply in Asia on Friday as investors shrugged off U.S. inventory data
Gold on Thursday 7th July 2017, Gold prices up by 9 pts closed at 28116 trading range between 28092 - 28188 and August Comex Gold futures settled at $1223.30 division of the New York Mercantile Exchange.
On Friday, the Gold prices fell as the dollar revived and investors looked ahead to more data on U.S. inflation.