Gold was down on Thursday morning in Asia as investors await U.S. economic data to gauge inflationary pressures further. A strengthening dollar also put a dent in the yellow metal’s appeal.
Oil was up Wednesday morning in Asia as a strong economic rebound of key consumers boosted fuel demand and drained bloated inventories. Investors now await the Organization of the Petroleum Exporting Countries and allies (OPEC+) meeting for clues on production policy.
Gold 150 Pts Tgt Hit
Crude 30 Pts Tgt Hit
Copper 3 Pts Tgt Hit
Zinc 1 Pt Tgt Hit
Nickel 6 Pts Tgt Hit
Bank Nifty (Opt) 50 Pts Tgt Hit
More Upcomings In Evening
Gold held an advance as investors weighed comments by Federal Reserve Chair Jerome Powell, who reiterated that higher inflation will likely be transitory.
