CRUDE OIL:
Oil Prices Jump on OPEC Hopes but To Where?
Yesterday, there was a growing speculation in the market that there were hectic discussions happening in the background to try and chalk out a deal. The main purpose of the OPEC meeting is to thrash out the details of the production cuts and who will be cutting how much of their production.
It remains to be seen whether the OPEC and non-OPEC producers can come to a final agreement on these important details and if they manage to do so, then we could see a real push in oil prices.
GOLD:
Gold Could See Headwinds For Next Two Years On Trump's Infrastructure Plan
Gold prices have been hit fairly hard following Donald Trump’s surprise election victory as markets focus on expectations of increased fiscal-stimulus measures, and one analyst said that if this turns out to be accurate, then gold could remain weak for the next two years.
Gold's selling pressure saw some relief Tuesday as December futures last traded at $1,224.90 an ounce, up 0.29% on the day.
Although Trump’s economic policies are still relatively unknown, he has recently said that he plans to spend up to $1 trillion over the next 10 years to rebuild the nation’s infrastructure.
"We are going to fix our inner cities and rebuild our highways, bridges, tunnels, airports, schools, hospitals," Trump said in his election-night acceptance speech. "We're going to rebuild our infrastructure, which will become, by the way, second to none, and we will put millions of our people to work as we rebuild it."
If this new spending plan becomes a reality, Bernard Dahdah, precious metals analyst at Natixis, said in a report Tuesday that gold could suffer for at least two years.
Investment & trading in securities market is always subjected to market risks, past performance is not a guarantee of future performance.
CapitalStars Investment Adviser: SEBI Registration Number: INA000001647
Oil Prices Jump on OPEC Hopes but To Where?
Yesterday, there was a growing speculation in the market that there were hectic discussions happening in the background to try and chalk out a deal. The main purpose of the OPEC meeting is to thrash out the details of the production cuts and who will be cutting how much of their production.
It remains to be seen whether the OPEC and non-OPEC producers can come to a final agreement on these important details and if they manage to do so, then we could see a real push in oil prices.
GOLD:
Gold Could See Headwinds For Next Two Years On Trump's Infrastructure Plan
Gold prices have been hit fairly hard following Donald Trump’s surprise election victory as markets focus on expectations of increased fiscal-stimulus measures, and one analyst said that if this turns out to be accurate, then gold could remain weak for the next two years.
Gold's selling pressure saw some relief Tuesday as December futures last traded at $1,224.90 an ounce, up 0.29% on the day.
Although Trump’s economic policies are still relatively unknown, he has recently said that he plans to spend up to $1 trillion over the next 10 years to rebuild the nation’s infrastructure.
"We are going to fix our inner cities and rebuild our highways, bridges, tunnels, airports, schools, hospitals," Trump said in his election-night acceptance speech. "We're going to rebuild our infrastructure, which will become, by the way, second to none, and we will put millions of our people to work as we rebuild it."
If this new spending plan becomes a reality, Bernard Dahdah, precious metals analyst at Natixis, said in a report Tuesday that gold could suffer for at least two years.
Investment & trading in securities market is always subjected to market risks, past performance is not a guarantee of future performance.
CapitalStars Investment Adviser: SEBI Registration Number: INA000001647
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