Oil Prices Rise as Libya Declares Force Majeure On Its Supply ( 100% SURE MCX HNI CALLS) WWW.GAINCOMMODITY.COM CALL@7249923535/8650865035 /9759936969

CRUDE OIL UPDATE ::

Oil prices rose on Tuesday amid reports that Libya declared force

majeure on significant amounts of its supply.

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Date:2nd of July 2018
Time:15:00
Gold-30414
Silver-39645
Crude Oil-5078
NaturalGas-199.80
Zinc-198.55
Copper-451.85
lead-165.50
Nickel-1009.10
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CRUDE FRESH NEWS UPDATE::

CRUDE FRESH NEWS UPDATE::

Oil prices fell by more than 1 percent on Monday as supplies from top exporter Saudi Arabia rose and as signs of an economic slowdown in Asia dented the outlook for demand.

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Live News Update

Gold prices edge lower as dollar firms

Gold prices edged lower on Monday as the dollar firmed after last week’s U.S. inflation data supported the Federal Reserve’s outlook for future interest rate increases.

Spot gold XAU= was 0.1 percent lower at $1,251.17 an ounce as of 0352 GMT.

U.S. gold futures GCcv1 for August delivery were down 0.2 percent at $1,252.50 an ounce.

The dollar strengthened against a basket of currencies .DXY and hit a fresh six-week high of 111.06 yen JPY= , supported by the relative strength of the U.S. economy and on prospects of further rate hikes from the Federal Reserve. USD/

“Monetary policy re-normalization induces the strength in the dollar and with that weakening gold prices,” said Mark To, head of research at Hong Kong’s Wing Fung Financial Group.

The risk-aversion demand is not as significant as the impact of expected interest rate increases, To said.

U.S. consumer prices accelerated in the year to May, with a measure of underlying inflation hitting the Federal Reserve’s 2 percent target for the first time in six years, data showed on Friday.

The rise in price pressures will probably not shift the Fed from its stated path of gradual interest rate increases as policymakers have indicated they would not be too concerned with inflation overshooting its target. is highly sensitive to rising U.S. interest rates, which increase the opportunity cost of holding non-yielding bullion, while boosting the greenback.

Meanwhile, the U.S. Mint sold 19,500 ounces of American Eagle gold coins in June, down 18.8 percent from the previous month, according to the latest data. cut their net long positions in COMEX gold and silver contracts in the week to June 26, U.S. Commodity Futures Trading Commission (CFTC) data showed on Friday. CFTC/

Holdings of SPDR Gold Trust GLD , the world’s largest gold-backed exchange-traded fund, fell 0.18 percent to 819.04 tonnes on Friday from 820.51 tonnes on Thursday. GOL/ETF

Among other precious metals, spot silver XAG= fell 0.3 percent at $16.04 an ounce.

Palladium XPD= was 0.1 percent higher at $953.50 an ounce, while platinum XPT=was down 0.3 percent at $845.25 per ounce.

CRUDE OIL UPDATE BY FORTUNE

CRUDE OIL UPDATE;

Crude oil has opened the new week off Today’s highs following confusing statements from US President Trump regarding Saudi Arabia’s willingness to shun OPEC limits and increase production.

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