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	167,691.08 204.73M	-3.16% -5478.63
ALLSHR	100,605.79 452.28M	-3.22% -3347.16
KSE30	51,327.62 101.29M	-3.23% -1715.27
KMI30	234,255.58 78.63M	-3.57% -8675.81
KMIALLSHR	64,318.37 208.70M	-3.29% -2188.72
BKTi	49,641.17 44.27M	-2.78% -1417.38
OGTi	33,066.33 11.03M	-3.20% -1093.65

Symbol	Bid/Ask	High/Low

Name	Last	High/Low	Chg/%Chg
BITCOIN FUTURES	66,185.00	67,760.00 64,325.00	-1640.00 -2.42%
BRENT CRUDE	71.88	71.96 70.69	0.12 0.17%
RICHARDS BAY COAL MONTHLY	96.00	0.00 0.00	-3.50 -3.52%
ROTTERDAM COAL MONTHLY	107.95	107.95 107.95	0.30 0.28%
USD RBD PALM OLEIN	1,071.50	1,071.50 1,071.50	0.00 0.00%
CRUDE OIL - WTI	66.60	66.67 65.38	0.12 0.18%
SUGAR #11 WORLD	14.05	14.10 13.78	0.18 1.30%