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	131,949.07 198.95M	0.97% 1262.41
ALLSHR	82,069.26 730.83M	0.94% 764.01
KSE30	40,387.76 80.88M	1.11% 442.31
KMI30	191,376.82 77.76M	0.36% 678.77
KMIALLSHR	55,193.97 350.11M	0.22% 119.82
BKTi	35,828.25 28.42M	3.64% 1259.85
OGTi	28,446.34 6.84M	-1.02% -293.01

Symbol	Bid/Ask	High/Low

Name	Last	High/Low	Chg/%Chg
BITCOIN FUTURES	108,125.00	110,525.00 107,865.00	-2290.00 -2.07%
BRENT CRUDE	68.51	68.89 67.75	-0.29 -0.42%
RICHARDS BAY COAL MONTHLY	97.50	0.00 0.00	0.75 0.78%
ROTTERDAM COAL MONTHLY	106.00	106.00 105.85	-2.20 -2.03%
USD RBD PALM OLEIN	998.50	998.50 998.50	0.00 0.00%
CRUDE OIL - WTI	66.50	67.18 66.04	-0.50 -0.75%
SUGAR #11 WORLD	16.37	16.40 15.44	0.79 5.07%