Gold moved up as safe-haven demand spurred by fears of U.S.-China trade war - Religare Broking Ltd
Gold
* Gold moved up as safe-haven demand spurred by fears of U.S.-China trade war. The tensions between US and China could overshadow any signs of de -escalation, The cooler U.S. March inflation reading released overnight may support further rise in gold as it could boost prospects for more Fed rate cuts.
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Crude Oil
* Oil prices gave back previous day’s gains amid ongoing worries over a global economic slowdown and OPEC+ intention to raise output from May. The pause in the tariff checked the downside.
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Natural Gas
* Natural gas prices dropped on Thursday in response to a bearish inventory data. A 57 Bcf injection into storage for last week had reduced the deficit over the five-year average to just 40 Bcf, The EIA also said its expects natural gas storage to end the injection season around 3,660 Bcf, or 3% below the five-year average.
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