By Administrator_ India Capital Sands Saudi Arabia cut oil prices for sales to Asia next month by more than twice the expected amount in a sign the world’s largest crude exporter wants to entice buyers to take more of its barrels. State producer Saudi Aramco is rolling back pricing on all of itsRead More →
By Administrator_ India Capital Sands Gold slipped to a more than four-month low on Monday as solid U.S. jobs data stoked concerns of a sooner-than-expected interest rate hike, which could increase the opportunity cost of holding non-interest-bearing bullion. Spot gold fell 1.1% to $1,744.25 per ounce by 0616 GMT. In early Asia trade,Read More →
By Administrator_India Capital Sands Gold was up on Friday morning in Asia and is set to end the week with its third consecutive weekly gain. A drop in U.S. Treasury yields also gave the safe-haven yellow metal a boost while the dollar, which usually moves inversely to gold, inched up onRead More →
By Administrator_ India Capital Sands Oil was up Wednesday morning in Asia after the OPEC+ delayed its meeting this week on production policy. Brent Oil Futures rose 0.61% to $74.73 by 10:39 PM ET (2:39 AM GMT) and Crude Oil WTI Futures jumped 0.69% to $73.48. U.S. crude oil supply data from the AmericanRead More →
By Administrator_ India Capital Sands Oil was up Friday morning in Asia, ending the week by extending gains from the highest close in more than two years. Optimism as U.S. fuel demand continues to increase gave the black liquid a boost, even as concerns over a potential Iranian supply increaseRead More →
By Administrator_ India Capital Sands Oil prices settled higher on Wednesday as a drop in U.S. crude stockpiles reinforced expectations of improving demand ahead of the peak summer driving season, offsetting worries that a possible return of Iranian supply would cause a glut. Brent settled up 22 cents, or 0.3%, to $68.87Read More →
By Administrator_ India Capital Sands Gold steadied near the highest level in more than four months as investors weighed comments by Federal Reserve officials who sought to soothe concerns about inflation. Governor Lael Brainard, Atlanta Fed President Raphael Bostic, and St. Louis’s James Bullard said they would not be surprisedRead More →
By Administrator_ India Capital Sands Oil was up Monday morning in Asia, with investor sentiment boosted by signs of the U.S.’ continuing economic recovery from COVID-19 and the improved outlook for fuel demand. Investors are also monitoring the progress of talks to revive a 2015 Iranian nuclear deal that is likely toRead More →
By Administrator_ India Capital Sands Gold was down on Friday morning in Asia, with investors digesting a slew of economic data as the month of April ends. Gold futures were up 0.12% to $1,766.15 by 11:11 PM ET (3:11 AM GMT). The U.S. GDP rose 6.4% quarter-on-quarter in the first quarter of 2021Read More →
By Administrator_ India Capital Sands Oil prices extended gains on Thursday after rising 1% the previous session, as bullish forecasts on recovering demand this summer offset concerns of rising COVID-19 cases in India, Japan, and Brazil. Brent crude for June edged up 8 cents, or 0.1%, to $67.35 a barrelRead More →