Trading news

Gold resumes weaker to $1,261.25

Gold

Gold resumed weaker in the Asian session, with December's delivery trading to $1,261.25 a troy ounce, thus recording a 0.41% drop.

Gold and WTI crude weaker in the Asian session

Oil

Oil fell too, with the U.S. WTI crude oil futures trading at $44.40 a barrel, performing a 0.6% drop or 26 cents declination.

Silver

The silver futures traded to $18.532 a troy ounce, declining 1.09%.

Dollar Index

The U.S. dollar index traded 0.18% lower to 98.60, lower than Thursday's highest level the 99.08 area.

The EUR/USD traded to 1.0909, and was 0.12% weaker, the GBP/USD to 1.2579, 0.24% higher, and the USD/JPY to 106.47, sliding 0.34%.

Japan

Japan's corporate goods price index rose from -3.2% to -2.7% and met the economists' predictions.

Malaysia

Malaysia's gross domestic product appreciated from 4.0% to 4.3% and differed from the analysts' forecasts for a rise to 4.1%.

The Malaysian industrial production dropped from 4.9% to 3.2%. The analysts estimated the indicator to decline to 3.3%.

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Friday, 11 Nov, 2016 / 8:41

Note: Company News is a promotional service of the Directory and the content isn't created by Finance Magnates.

Source : https://www.argusfx.com/en/research-education/market-analysis/news/gold-resumes-weaker-to-1261.25

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