FXHIGHWAY

 Breaking News

Commodities Fundamental Report: Friday 24-03-2017

News Date: 24/3/2017 03:50:05
 

Spot gold prices have been trading sideways over the last three days as the financial markets are awaiting  the results of the Obamacare vote. Markets are waiting to see whether US President Donald Trump will face obstacles on his economic agenda after US lawmakers Vote on a health care bill.

Spot gold prices have been hovering around the opening price of $ 1244.60 an ounce since the morning.

The obstacles facing the health care plan could affect Trump's efforts to pass other policies, such as tax cuts and infrastructure subsidies, which in turn would prompt investors to buy gold as a safe haven, especially if stock markets fall as we know the stock markets reflect the risk appetite for investors.

Crude oil prices rose slightly supported by the drop in Saudi oil exports to the United States, but energy markets are still under negative pressure as global supply glut.

Crude for May delivery rose 0.33% to trade at $ 47.88 a barrel.

Reports showed that Saudi Arabia's oil exports to the United States will decline in March, in line with the recent agreement among OPEC members to cut output.

Despite these reports, Saudi exports remain high despite efforts by the Organization of the Petroleum Exporting Countries (OPEC), and other producers, including Russia, to cut production by 1.8 million barrels per day during the first half of the year to curb the global supply glut.

Sponsored by: CloudsIndex.com 

Latest news

After the long collapse, the American labor market is achieving some relative recovery, as the number of added jobs yesterday reached 4,800 million jobs, which exceeded all expectations, and came as
07-2020 03 00:34:55

Beginning with the latest developments in commodities, the gold futures contracts started this morning with a rise of 0.70%, to be traded at 1784.56 dollars an ounce, after opening at 1771.61 dollar
07-2020 01 03:47:05

Oil prices continued to lose their losses after the recovery in demand decreased, due to the high number of injuries they suffer, and Brent crude fell by the same percentage 2%, which in turn pays to
06-2020 29 05:49:33

The US dollar concluded its research for the week, sticking to its gains, which means that the demand remains on the latter, and this is due to it being a safe haven in light of fears and concerns ab
06-2020 26 06:34:32

The US stock indexes on Wall Street ended their trading high, thanks to the support of the economic data that led them to the rise, which showed that the contraction of the economy in the manufacturi
06-2020 24 00:45:21

More News

Logs

Advertisements