Trading news

Gold rises to a four-week high

Gold, the precious metal, escalated today thus reaching a four-week high, amid the traders and the investors awaiting for further information in ensuring, somehow, that the U.S. economy has indeed acquired momentum.

Gold trades higher to $1,176.95

In the New York Mercantile Exchange on the Comex division, gold's February delivery traded to $1,176.95 a troy ounce, ticking 0.3% or $3.55.

March's delivery for silver futures rose to $16.53 a troy ounce, adding 0.8 cents or 0.1%.

Palladium climbed to $761.70 an ounce, a change of 0.45%, and platinum traded to $977.20, rising 0.7%. Copper futures stabilized at $2.545 a pound.

Furthermore, the price of oil traded weaker, amid the latest signs for a planned output cut. February's crude oil traded to $53.56 a barrel, declining 0.8% or 44 cents.

In London's ICE Futures Exchange, Brent oil's March delivery traded to $56.65 a barrel, shedding 0.8% or 45 cents.

Moreover, gasoline futures, in Nymex, traded to $1.622 a gallon, dropping 0.25% or 0.3 cents, and February's heating oil to $1.692 a gallon, dipping 0.65% or 1.1 cents. February's delivery for Natural gas traded to $3.242 per million British thermal units, slumping 1.3% or 4.3 cents.

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Monday, 09 Jan, 2017 / 3:02

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Source : https://www.argusfx.com/en/research-education/market-analysis/news/gold-rises-to-a-four-week-high

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