Gold & Oil prices continue to mount amidst US-China's trade ceasefire

MG News | December 04, 2018 at 11:55 AM GMT+05:00

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December 04, 2018 (MLN): Gold prices went up on Tuesday, after hitting a more than one-month high earlier in the session, as the dollar weakened after the United States and China agreed to a temporary trade ceasefire for at least 90 days.

Spot gold climbed 0.4 percent to $1,235.78 per ounce at 0400 GMT. Prices touched a peak of $1,236.01 earlier in the session, their highest since November 02, whereas U.S. gold futures were little changed at $1,240.3 per ounce.

Oil prices also scaled upwards on Tuesday, attaining most of the gains from the expected OPEC-led supply cuts and a mandated reduction in Canadian output.

U.S. West Texas Intermediate (WTI) crude futures were at $53.33 per barrel at 0604 GMT, up 48 cents, or 0.7 percent, from their last close, while International Brent crude oil futures were up 51 cents, or 0.8 percent, at $62.20 per barrel.

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Name	Price/Vol	%Chg/NChg
KSE100	161,389.48 53.66M	-0.44% -713.44
ALLSHR	98,149.02 159.35M	-0.28% -275.04
KSE30	48,908.53 14.94M	-0.55% -270.14
KMI30	229,700.34 20.15M	-0.66% -1529.96
KMIALLSHR	63,719.96 73.40M	-0.49% -313.91
BKTi	43,874.05 3.71M	-0.28% -123.59
OGTi	31,671.50 2.70M	-1.11% -355.84

Symbol	Bid/Ask	High/Low

Name	Last	High/Low	Chg/%Chg
BITCOIN FUTURES	87,640.00	88,230.00 85,985.00	3040.00 3.59%
BRENT CRUDE	62.56	62.70 62.13	0.00 0.00%
RICHARDS BAY COAL MONTHLY	85.00	0.00 0.00	0.25 0.30%
ROTTERDAM COAL MONTHLY	96.25	0.00 0.00	0.15 0.16%
USD RBD PALM OLEIN	1,082.50	1,082.50 1,082.50	0.00 0.00%
CRUDE OIL - WTI	58.04	58.13 57.64	-0.02 -0.03%
SUGAR #11 WORLD	14.77	14.83 14.56	0.11 0.75%