GOLD : Gold looks poised to reach a bullish turning point after its rally in the past 24 hours as U.S. political risk rises. The continuing drama surrounding the maelstrom in the White House is beginning to affect the equity markets and the perception of whether the Fed will raise rates in June. The yen, which some consider a safe-haven trade, has risen almost 2% in the past three days, which mirrors gold’s rise over the same period. Until the Trump administration can refocus on the “plan,” risk assets remain vulnerable and gold will remain well bid.
Gold futures soared to a two-week high on Wednesday, as investors poured back into the safe-haven trade, after U.S. political turmoil and a recent batch of downbeat economic data dampened investor appetite for riskier assets.
Gold rose in Asia on Thursday after U.S. Justice Department Deputy Attorney General Rod Rosenstein appointed former FBI director Robert Mueller as special counsel to take over the investigation of Russia’s alleged interference in the U.S. presidential election.
CRUDE OIL : Crude dipped in Asia on Thursday as investors turned cautious on political risk after U.S. Justice Department Deputy Attorney General Rod Rosenstein appointed former FBI director Robert Mueller as special counsel to take over the investigation of Russia’s alleged interference in the U.S. presidential election and awaited more on next week’s crucial meeting on extending an oil output cut plan. Oil prices dipped on Thursday, weighed down by plentiful supply despite ongoing efforts led by OPEC to tighten the market by cutting production.Crude futures settled higher on Wednesday, as investors cheered the release of a bullish report from the Energy Information Administration (EIA), showing U.S. crude inventories fell for a sixth-straight week.
NATURAL GAS : U.S. natural gas futures edged lower on Wednesday, extending their biggest one-day loss since late January amid bearish weather forecasts. Prices of the fuel have closely tracked weather forecasts in recent weeks, as traders try to gauge the impact of shifting outlooks on spring heating demand.
Investment & trading in securities market is always subjected to market risks, past performance is not a guarantee of future performance.
CapitalStars Investment Adviser: SEBI Registration Number: INA000001647
Our Some Best Services Read it Here…
www.capitalstars.com | T:+91-731-6790000,6669900