By Administrator_India Capital Sands Oil prices slid nearly $1 a barrel on Monday as concern over a persistent glut and economic gloom caused by the coronavirus pandemic combined to cancel out support from supply cuts at some of the world’s top producers. Brent crude futures LCOc1 were down 73 cents, or 2.4%, at $30.24 a […]
Tag: Commodities
Gold slips as lockdown easing plans lift risk appetite
By Administrator_India Capital Sands Gold fell on Tuesday as risk appetite was boosted by plans of some countries to ease coronavirus curbs in a phased manner, but prices held above the key $1,700 per ounce level amid hopes for more stimulus to cushion the fallout from the pandemic. *Spot gold eased 0.7% to $1,702.09 per […]
Gold’s Powerful Rally Has Bulls Setting Their Sights on $1,800
By Administrator_India Capital Sands Gold extended a rally to hit the highest level in more than seven years on concern that the coronavirus pandemic will have a devastating effect on the global economy, hammering corporate earnings while supercharging demand for havens. Bullion has soared as the outbreak tipped economies into recession and spurred central banks […]