Crude Oil Futures Rise, Gold Falls.

Crude Oil Futures Rise, Gold Falls.

Crude oil futures rise, gold falls.

On the New York Exchange, crude oil futures for March delivery were trading at $53.08 per barrel, up 0.43%.

The US Dollar Futures Index, which tracks the performance of the greenback against 6 other major currencies, fell 0.18%, to trade at $90.302.

On the Comex division of the New York Exchange, gold futures for February delivery were trading at $1,871.50 per troy ounce, down 0.27%.  Earlier, the troy ounce was trading in a bearish dollar session. Gold was likely to find resistance at $1,872.65 and support at $1,800.80.

Elsewhere on the Comex, money for March delivery rose 0.88% and traded at $25.992 per troy ounce, while Copper for March delivery rose 0.48%, to trade at $3.6630 per pound.

Earlier, the barrel was trading in a bullish dollar session. Crude oil was likely to find support at $51.76 and resistance at $53.82.

Elsewhere on the ICE, Brent Oil for delivery in March rose 0.43% and traded at $55.84 per barrel, while the spread between the value of contracts on Brent oil and crude oil stood at $2.76 per barrel.

Leave a Reply

Your email address will not be published. Required fields are marked *