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	161,036.41 216.91M	0.90% 1443.50
ALLSHR	97,909.98 767.97M	0.82% 793.65
KSE30	48,675.81 106.33M	0.78% 378.23
KMI30	231,228.17 68.07M	1.15% 2621.15
KMIALLSHR	63,839.09 258.39M	0.94% 591.86
BKTi	44,866.44 43.32M	0.59% 262.02
OGTi	31,191.48 8.30M	1.21% 371.81

Symbol	Bid/Ask	High/Low

Name	Last	High/Low	Chg/%Chg
BITCOIN FUTURES	106,445.00	107,030.00 104,565.00	2415.00 2.32%
BRENT CRUDE	64.09	64.13 63.60	0.46 0.72%
RICHARDS BAY COAL MONTHLY	87.25	0.00 0.00	0.10 0.11%
ROTTERDAM COAL MONTHLY	96.75	96.75 96.75	-0.20 -0.21%
USD RBD PALM OLEIN	1,082.50	1,082.50 1,082.50	0.00 0.00%
CRUDE OIL - WTI	60.23	60.28 59.74	0.48 0.80%
SUGAR #11 WORLD	14.13	14.37 14.07	-0.06 -0.42%