Press Releases
Daily Comex Commodity Report of 22nd January 2018 by Epic Research

, 22 January 2018 -- Gold prices gained in Asia on Friday as a weaker dollar brought physical demand into the market.


Gold prices gained in Asia on Friday as a weaker dollar brought physical demand into the market. Gold futures for February delivery on the Comex division of the New York Mercantile Exchange rose 0.29% to $1,331.10 a troy ounce. The US dollar index fell 0.04% to 90.27 as the US House of Representatives passed a stopgap funding bill for the government, but the Senate may be harder to reach a deal and President Trump has how own concerns. Gold prices eased from four-month highs as US yields rose sharply after strong growth data from China and amid expectations that inflation would soon gather pace. Yields on United States 10-Year reached a ten-month high amid strong China economic growth data and rising expectations for faster inflation growth, which pressured gold prices to retreat from four-month highs. Gold is sensitive to moves in U.S. rates, which lift the opportunity cost of holding non-yielding assets such as bullion.

Brazilian state-controlled oil company Petróleo Brasileiro SA (SA:PETR4) owes the government billions of dollars tied to offshore exploration rights but is unlikely to pay this year, a cabinet minister said. The government's 2018 budget does not include any revenue from the so-called "transfer of rights" area that has sparked a dispute with the company also known as Petrobras, Planning Minister Dyogo Oliveira said in an interview on Thursday. In 2010, Brazil exchanged offshore exploration rights for equity in Petrobras. The government argues it is now owed money due to a reassessment of the value of the assets, but Petrobras says it is owed money by the government from the reassessment. Oliveira's comments suggested the dispute could drag on despite the creation of a government commission comprised of representatives from several ministries this week to accelerate negotiations. There is a 60-day deadline to reach a deal.

Crude oil prices fell in Asia on Friday with fresh supply/demand and production figures on tap later in the day to set the tone. On the New York Mercantile Exchange crude futures for February delivery fell 0.84% to $63.41 a barrel, while on London's Intercontinental Exchange, Brent eased 0.40% to $68.86 a barrel. The IEA on Friday will detail its monthly supply and demand estimates. Baker Hughes reports US rig count data with last week at 752. Overnight, crude oil prices pared gains heading into settlement as traders weighed a sharp rebound in production against a fall in crude supplies for the ninth week in a row while an unexpected fall in product inventories failed to lift sentiment. OPEC raised its forecast for oil supply from outside of the cartel in 2018 by 1.15 million barrels per day (bpd) this year, up from 990,000 bpd expected previously, noting higher prices are attracting more exploration and production.


BUY GOLD ABOVE 1340 TGT 1345 1355 SL BELOW 1330
SELL GOLD BELOW 1325 TGT 1320 1310 SL ABOVE 1335

Epic Research Limited is a leading financial advisory services provider firm .We have designed services for different investors as per their needs like equity tips,comex tips, stock tips, commodity tips and many more to serve our clients. We offer regular services for investors with less capital and premium services for massive investors looking for higher returns on investments with bigger targets.

Want to take a FREE TRIAL? Visit our site link below and become a part of our Epic family. Happy trading.

mail us @

Also you can Whatsapp us at :7049084664

Our Office:411 Milinda Manor, 2 RNT Road, Indore 452001.

# # #

Submitted by Epic Research, Epic Research Pvt.Ltd indore on Monday, 22 January 2018 at 12:08 PM
Category: Business
Related News

There are no related press releases in this category.

Related Events

There are no related events in this category.

Latest News

Daily Comex Commodity Report of 22nd January 2018 by Epic Research
Monday, 22 Jan 2018

World's highest turntable ladder delivered to Asia
Monday, 22 Jan 2018

Time to Vic Hati, Skoll and Fenrir and buy rs3 gold with up to $18 Vouchers 1.22-1.26
Monday, 22 Jan 2018

Runescape 2007 gold with up to $18 Vouchers for you to experience Birdhouse 1.22-1.26
Monday, 22 Jan 2018

Tips to buy the best car you can afford
Monday, 22 Jan 2018

Want to get your press releases, event listings, and job ads on Scoopasia? Register now for a FREE account or login if you already have one!
Scoopasia v1.0b. Copyright © 2018
Today is Monday, 22 January 2018

About Scoopasia | FAQ | Privacy Policy | Contact Us

Press Releases
Event Listings
Job Listings
Arts & Entertainment
Architecture & Construction
Automotive & Travel
Consumer Technology
Enterprise Technology
Food & Fashion
Government & Policy
Health Care & Medical
News & Media
Science & Research
Sports & Fitness
Login / Register
Get Scoopasia through RSS Feeds & Email Notifications!

Journalist's Toolbox
Hello journalist, welcome to Scoopasia--a powerful online resource for media information in Asia. Scoopasia has press releases and media events for every beat and industry. All content on Scoopasia is 100% FREE. You don't even need to login!

  • Scoop Line
    (Instant Information Request)
    The easiest way to ask questions and request information from the PR community.

  • Advanced Search
    Drill down, dig deep, for media information the way you want it.

  • Journalist's Resources
    Resources and tools you can't do without.

  • PR Tools
    Scoopasia Blog Search
    Search the largest handpicked collection of Asia's most prominent and influential blogs.

  • PR Bookmarks
  • Web 2.0 Bookmarks
  • Media Bookmarks

    More Coming Soon...

  • Upcoming Events
  • Mayo Clinic Cardiology Update at Cabo: A Focus on Prevention
  • Advancing Construction Claims 2018 Conference Atlanta, GA
  • Real-Time Benefit Verification and Electronic Prior Authorization Forum
  • Social Media in the Pharmaceutical Industry
  • Pharmaceutical Microbiology UK

  • Latest Jobs
    Sorry, there are currently no entries posted here.