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Oil and gold futures are falling due to high risk appetite

2017-08-15 01:36 pm | Resource: NEWS | No Views : 326


Crude futures continued to fall in Tuesday's trading, leading to huge losses from the previous session, amid doubts about whether OPEC could rebalance the world oil markets again.
 
Traders are expected today to announce US weekly oil inventories data for evidence of domestic production and domestic consumption by the US Petroleum Institute.
 
West Texas crude oil fell 30 cents to $ 47.29 a barrel, unable to hold above $ 50 levels, which had breached briefly earlier this month.
 
Gold loses Brega as a safe haven
  
Gold futures also fell Tuesday as North Korea withdrew its threat of a military strike on the United States, reducing the value of gold as a safe haven. President Kim Jong-un decided not to launch a missile attack on US territory, state media reported. In Pyongyang, but said he might change his mind only if military strikes were directed at his country.
 
Gold fell affected by the news, to record a decline of 1.23%, to reach levels of 1274 dollars an ounce,


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Best Opportunities, Vision and Technical Analysis for The Oil 17 April 2019

(CURDE OIL - WTI ) We offer you oil analysis denominated by US dollar on Wednesday, April 17, 2019, with the most important forecast for the price of oil denominated by US dollars in the market. Time frame Used - four hours Oil is moving in a sideway direction in the near term. The purchasing power managed to push oil higher to close at the end of trading today, rising…

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