Gold rate today rise as COVID - 19 cases jump across the world by Expertcommodity


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U.S. oil prices rebound after tumbling to lowest since June 2017 on economy fears by  www.expertcommodity.com Oil prices  were mixed in thin trading on Wednesday as the U.S. benchmark rebounded from steep losses in the previous session, even though concern over the health of the global economy continued to overshadow the market in the longer term. U.S.  West Texas Intermediate  (WTI)  crude futures  ( CLc1 ), were up 29 cents, or 0.68 percent, at $42.82 per barrel, having at one point risen as high as 2 percent from the last close. They had slumped 6.7 percent in the previous session to $42.53 a barrel - the lowest since June 2017. Click Here:  www.expertcommodity.com Meanwhile Brent crude oil futures ( LCOc1 ) were down 11 cents or 0.22 percent at $50.36 a barrel, having skidded 6.2 percent in the previous session to $50.47 a barrel, the weakest since August 2017. "But market confidence needs to be restored for oil price...that include an equity market rebound an
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Asia's  Iran crude  imports hit more than five-year low in November as sanctions bite by  www.expertcommodity.com Imports of Iranian  crude oil  by major buyers in Asia hit their lowest in more than five years in November as U.S. sanctions on Iran's oil exports took effect last month, government and ship-tracking data showed. China, India, Japan and South Korea last month imported about 664,800 barrels per day (bpd) from Iran, according to the data, down 12.7 percent from the same month a year earlier. South Korea cut imports to zero for a third month in November while Japan followed suit. India's November imports are down about 40 percent from October, the data showed. Click Here:  www.expertcommodity.com Asia's Iranian oil imports are set to rise from December after the United States granted eight countries waivers from sanctions against Iran's  oil exports  for 180 days. China's Iranian oil imports rebounded to close to 390,000 bpd in Nov
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Gold climbs to six-month peak on waning risk appetite by www.expertcommodity.com Gold prices  hit a six-month high on Wednesday as concerns over global growth and a partial government shutdown in the United States fuelled risk aversion, prompting investors to seek refuge in the metal. Spot gold  XAU= climbed 0.4 percent to $1,273.71 per ounce. The metal hit $1,274.68 in early trade, its highest since June 20. U.S.  gold futures  GCv1 were up 0.5 percent at $1,277.6 per ounce. "We always see good demand for gold in the year-end. I would not be surprised if we see gold surpass $1,300 in the near future." Click Here:  www.expertcommodity.com Asian equities were shaky following a Christmas eve U.S. stocks plunge. Wall Street has dropped sharply in recent weeks on concerns over weaker economic growth, compounded by political instability in the United States after a partial government shutdown. The U.S. Senate has been unable to break an impasse over Trump
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