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MTECHTIPS;-Oil prices edge higher, set for weekly gain amid trade optimismMTECHTIPS-Oil prices edged higher on September 6, with crude benchmarks poised for multi-week gains amid a sharp draw down in US crude inventories, while trade tensions eased after Washington and Beijing agreed to hold high-level talks next month. Brent crude was up 3 cents at $60.98 a barrel, as of 0144 GMT, while US West Texas Intermediate (WTI) crude was up 8 cents at $56.38. Brent is set to mark its fourth weekly gain, while US crude is headed for a second weekly rise. "Crude has been trading higher after the news that China and the United States would restart their trade talks with an important meeting in October," said Alfonso Esparza, market analyst at OANDA Beijing and Washington on September 5 agreed to hold high-level talks in early October in Washington, cheering investors hoping that the trade war may end tit-for-tat tariff hikes that are chipping away at economic growth. The prolonged trade dispute has been a dampener on oi
Show moreMTECHTIPS;-Gold prices drop as trade tensions easeGold prices traded lower on Friday as the ease of U.S.-China trade tensions, along with other positive signs, drove investors to riskier assets. Gold Futures for December delivery were down 0.09% at $1,523.85 per ounce on the Comex division of the New York Mercantile Exchange by 10:48 AM ET (02:48 GMT), dropping from this week’s high of $1,564.15. Risk appetite revived after trade talks are scheduled to resume in early October. China’s Ministry of Commerce confirmed that officials from Beijing and Washington agreed to do so in a phone call this week. Stronger U.S. economic data also supported to shift to riskier assets. Private payrolls grew by 195,000 in August, higher than the expected 140,000 bump that economists surveyed by Dow Jones had expected. It suggested that the economy sustained a moderate growth despite trade tensions, refuting fears of a recession. Developments in Hong Kong this week also played a part in weighing down demand for the safe-haven m
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MTECHTIPS:-Trading Tips with MTECHTIPS Apply For 2 Days Free Trails Detailed and Research-Based Trading Tips Service at mtechtipsMTECHTIPS-Advisory is a financial advisory firm having a team of specialized financial market analysts having massive experience in carrying out capital market research. We deliver reliable tips and advices for stocks, future , Index and option (F&O) traded in the NSE commodities such as bullion, agri and metals traded in the MCX and NCDEX. We offer daily and weekly reports having stock and commodity market overview that assists the investors to identify with the trends of the market and assists in taking smart decisions.MTECHTIPS-Apply For 2 Days Free Trails Equity & Commodity Tips WWW.MTECHTIPS.COM07489294118-119
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MTECHTIPS:-Trading Tips with MTECHTIPS Apply For 2 Days Free Trails Detailed and Research-Based Trading Tips Service at mtechtipsMTECHTIPS-Advisory is a financial advisory firm having a team of specialized financial market analysts having massive experience in carrying out capital market research. We deliver reliable tips and advices for stocks, future , Index and option (F&O) traded in the NSE commodities such as bullion, agri and metals traded in the MCX and NCDEX. We offer daily and weekly reports having stock and commodity market overview that assists the investors to identify with the trends of the market and assists in taking smart decisions.MTECHTIPS-Apply For 2 Days Free Trails Equity & Commodity Tips WWW.MTECHTIPS.COM07489294118-119
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