Friday 10 August 2018

Nine "O" Clock Currency and Commodity Report : 10th August 2018


Nine “O” Clock Currency Commodity Report
Comex Gold December: $1221.60
Comex silver December:$1536.50
Nymex Crude Oil: $67.69
US dollar Index:  96.07
·       U.S. CPI up 0.2% in July, core prices also up 0.2%
·       12-month rate of core PPI climbs to 2.8% from 2.7%
Gold rose on safe have demand with still not out of the woods. Industrial metals have risen but steady overall. US dollar continues to gain against the euro and pound. Crude oil rose on weekend short covering. US dollar is trading around 96.00. Monday and Tuesday, there is no key US economic data release. New on US trade spat with Turkey, China and Russia news will be the key factor.
GOOD NIGHT

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