MCX Gold Tips For Today: MCX Gold Short (Sell) Call Rocking 58500 to 58120. Paid Members Mint Tons of Money. (Screen Short Enclosed)
European Natural Gas Prices See Volatility Amid Supply Uncertainty, Weak Economic Data
Natural Gas Price Today: European natural gas prices are volatile as uncertainty persists around supply, ANZ Bank said in a Thursday note.
Crude Oil Steady as Market Process Production Cuts
Crude oil prices remain largely rangebound, as production cuts from OPEC (Organization of the Petroleum Exporting Countries) offset weak demand. Brent crude is down 0.1% to $76.59 a barrel while WTI is up 0.1% to $71.89 a barrel.
FOMC Minutes: Some officials Favored a 25bps Hike at the June Meeting
FOMC Minutes: The Federal Open Market Committee (FOMC) released the minutes of its June meeting, triggering a limited reaction across financial markets. According to the document, some officials favored a rate hike at the meeting, but went along with a pause. The minutes showed a division among FOMC members.
Crude Oil Flattish as Traders Weigh Output Cuts, Demand Worries
Crude Oil prices are flattish early in the Asia session, easing from recent gains sparked by Russia and Saudi Arabia’s extension of production curbs. Traders are likely weighing signs of economic weakness against the cut extensions, as well as FOMC minutes released overnight hinting at further rate hikes.
Gold Flat, Investors Await US Data for Fed’s Rate Cues
Gold (XAU/USD) was flat on Thursday as investors awaited a raft of U.S. economic data that could influence the Federal Reserve’s policy trajectory, after minutes of its June meeting reaffirmed expectations that interest rates could remain higher for longer.
Copper, Zinc and All Base Metals Slip on Weak Demand Outlook
Prices for copper, zinc and all other base metals slip in London on Wednesday under pressure from global services activity data that darkened the demand outlook for growth-dependent metals.