Gold builds on U.S. gains during Asian trading
Gold futures rose slightly in the early part of Wednesday’s Asian session, building on gains seen during the U.S. session as traders warmed to news that Germany is looking to repatriate its gold reserves stored in other countries.
On the Comex division of the New York Mercantile Exchange, gold futures for February delivery rose 0.02% to USD1,679.55 in Asian trading Wednesday. During Tuesday’s U.S. session, the yellow metal settled up 0.76% at USD1,682.05 a troy ounce.
Gold futures were likely to test support USD1,665 a troy ounce, which is yesterday’s low, and resistance at USD1,695.35, the high from Jan. 2.
Gold was boosted by German press reports that said the Bundesbank, Germany’s central bank, has scheduled a press event for later today where it is widely expected the bank will address repatriating its gold reserves stored in New York, Paris and other foreign locations back to Germany.
Oil slightly higher in Asia, data still in focus
Oil futures rose fractionally in the early part of Wednesday’s Asian session declining a bit during Tuesday’s U.S. session, indicating that traders are still focusing on batch of mixed data points reported in the U.S.
Natural gas futures hover near 2-week top; weather, supply data eyed
Natural gas prices have closely tracked weather forecasts in recent weeks, as traders try to gauge the impact of shifting forecasts on winter heating demand.
Gold futures rose slightly in the early part of Wednesday’s Asian session, building on gains seen during the U.S. session as traders warmed to news that Germany is looking to repatriate its gold reserves stored in other countries.
On the Comex division of the New York Mercantile Exchange, gold futures for February delivery rose 0.02% to USD1,679.55 in Asian trading Wednesday. During Tuesday’s U.S. session, the yellow metal settled up 0.76% at USD1,682.05 a troy ounce.
Gold futures were likely to test support USD1,665 a troy ounce, which is yesterday’s low, and resistance at USD1,695.35, the high from Jan. 2.
Gold was boosted by German press reports that said the Bundesbank, Germany’s central bank, has scheduled a press event for later today where it is widely expected the bank will address repatriating its gold reserves stored in New York, Paris and other foreign locations back to Germany.
Oil slightly higher in Asia, data still in focus
Oil futures rose fractionally in the early part of Wednesday’s Asian session declining a bit during Tuesday’s U.S. session, indicating that traders are still focusing on batch of mixed data points reported in the U.S.
Natural gas futures hover near 2-week top; weather, supply data eyed
Natural gas prices have closely tracked weather forecasts in recent weeks, as traders try to gauge the impact of shifting forecasts on winter heating demand.
No comments:
Post a Comment