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Tag: Gold Futures

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Equity News

Oil Gained On Last Day But Lost During The Year, Gold Won

On Thursday, oil prices fluctuated before finishing higher. For the February futures market on Nymex, the price of U.S. WTI light crude oil gained 0.3 percent to $48.52 a barrel, while North Sea Brent gained 0.6 percent to $51.91. However, in 2020, as a result of declining demand related to the Covid-19 crisis, crude oil prices lost 20 percent. On Thursday, Gold gained 0.1% to $1,893.10 an ounce on the February Comex futures market, and posted a 25% leap for the year, fuelled by worries about the Covid-19 crisis. This is the best year in 10 years for yellow metal

Equity News

Oil And Gold: A Tough Day For Both, Tesla (TSLA) Stock Also Dropped On Its First Day

On Monday, the oil sector remained under pressure from the U.S. Congress still not coming to an agreement on the stimulus plan as well as suffering the impact of new coronavirus wave in the United Kingdom which raised questions about the economic recovery in all parts of the world especially in Europe. In the January Nymex contract, U.S. light crude oil (WTI) dropped -2.77 percent to $47.74 a barrel. In February, the Brent contract for delivery lost -2.58 percent to $50.91 per barrel. On the other end, with strengthening Dollar, Gold for the February Comex futures contract, dropped -0.34 percent

Trading Signals

Oil And Gold End The Thursday Session In Green

On Thursday, December 17, oil prices updated their nine-month highs. In general, the sentiment on the commodity markets remained very positive, owing to the expectations of a positive impact of the population’s coronavirus vaccination, as well as the introduction of a new package of economic stimulus. Brent crude oil’s February futures traded in the green with a rise of 0.82 percent and concluded at $51.50, WTI crude oil’s January futures increased by 1.1 percent to $48.36, its high since March. On the other hand, gold prices rose by 1.68 percent to $1887.20 per Troy ounce on Thursday. The prices of

Market Activity

U.S. Indices Closed In Green With New Records

The U.S. indices ended the trading session in positive territory on Tuesday, December 8, after the Food and Drug Administration (FDA) released first scientific evaluation, setting the stage for the government to give a go ahead to the Covid-19 vaccine developed by Pfizer and BioNTech for emergency use in the United States. The United Kingdom has already begun mass use of this vaccine on Tuesday. However the worsening of the pandemic situation in the country is of concern to U.S. investors. About 14.9 million cases of coronavirus infection have been detected in the United States since the beginning of the

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Market Activity

U.S. Indices Remained In Green On Thursday, Mass Vaccination In New York To Start On December 15

On Thursday December 3, in the hope of progress in negotiations on a new stimulus package, the key U.S indices showed positive dynamics. Safe haven assets also came up with positive traits on the day with gold and US Treasury bonds added more to their values. The larger Standard & Poor’s 500 index was stable at -0.06 percent to 3,666.72 points, the blue-chip Dow Jones Industrial Average increased by 0.29 percent to 29,969.52 points, while the NASDAQ Composite index of high-tech industries was up 0.23 percent at 12,377.18 points. WTI light crude futures rose 0.8 percent to $45.64 per barrel.

Trading Signals

Oil And Dollar Dropped, Gold And Euro Gained on Tuesday

Oil continues to decline on Tuesday, although the group of oil producing countries OPEC has not yet succeeded in reaching an agreement on their production levels for the coming months. For the January Nymex contract, the price of U.S. light crude (WTI) fell 1.7 percent to $44.55 a barrel, while the Brent contract for delivery in January declined 1 percent to $47.45. In November, in the expectation of a rebound in crude demand in 2021, but also an expansion of the OPEC supply cuts, WTI’s share price soared by more than 26 percent and Brent picked up 27 percent. The

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Equity News

Oil Rose While Gold Dropped On Monday

On Monday, oil prices continued to grow at their highest level in almost three months, hoping for a demand rebound in 2021 and an extension of OPEC supply cuts past 31 December. On 30 November and 1 December, the representatives of the OPEC+ will meet. For the December Nymex contract, the price of U.S. light crude oil (WTI) rose 2.15 percent to $43.06 a barrel on Monday, the highest since August 26. The January distribution Brent contract rose 2.45 percent to $46.06. WTI has peaked at 20.3 percent since the start of November and Brent has recovered almost 23 percent