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

By 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	133,565.37 158.82M	0.15% 195.23
ALLSHR	83,301.41 555.80M	0.27% 220.25
KSE30	40,731.54 60.16M	0.06% 26.24
KMI30	192,619.08 68.62M	0.02% 38.41
KMIALLSHR	55,926.39 325.73M	0.16% 90.67
BKTi	36,435.66 9.85M	0.33% 118.49
OGTi	28,535.33 6.97M	-0.03% -7.63

Symbol	Bid/Ask	High/Low

Name	Last	High/Low	Chg/%Chg
BITCOIN FUTURES	108,675.00	108,880.00 107,680.00	220.00 0.20%
BRENT CRUDE	69.41	69.50 69.03	-0.17 -0.24%
RICHARDS BAY COAL MONTHLY	97.50	0.00 0.00	2.90 3.07%
ROTTERDAM COAL MONTHLY	106.00	106.75 106.00	0.25 0.24%
USD RBD PALM OLEIN	998.50	998.50 998.50	0.00 0.00%
CRUDE OIL - WTI	67.66	67.97 67.40	-0.27 -0.40%
SUGAR #11 WORLD	16.25	16.46 16.07	-0.13 -0.79%