Gold gains in early Asia on rebound after sharp overnight drop
Gold rose in early Asia on Friday in a rebound from overnight declines as investors mull the trajectory of Federal Reserve policy this year. On the Comex division of the New York Mercantile Exchange, gold for February delivery rose 0.19% to $1,079.60 a troy ounce.
Silver futures for March delivery gained 0.04% to $13.850 a troy ounce, while copper futures were flat at $1.979 a pound. Overnight, gold futures fell sharply on Thursday amid a moderately stronger dollar, as investors reacted to a slight increase in weekly U.S. jobless claims and a bounce among equities in China. In overnight trading, the Shanghai Composite Index briefly fell to its lowest level since the start of this year's rout in Chinese equities before rebounding to close at 3,007.65, up 2% on the session.
NYMEX crude eases slightly in Asia with U.S. rig count data ahead
Crude oil was slightly weaker in early Asia on Friday with investors looking ahead to figures from the U.S. on rig counts.
On the New York Mercantile Exchange, WTI crude for February delivery eased 0.03% to $31.10 a barrel.
Oil traders turn their attention to Friday's weekly oil rig count from Baker Hughes for further indications on the supply-demand imbalance nationwide. A week earlier, the rig count fell by 20 to 516 for the week ending on Jan. 1. It marked the third consecutive week of weekly draws and the seventh time in eight weeks that the rig count has moved lower. The rig total is down sharply from its level in November, 2014, when it hovered around 1,600.
Overnight, U.S. crude futures rallied from near 12-year lows on Thursday amid heavy profit taking, enjoying a brief reprieve from a massive rout to open the New Year. On the Intercontinental Exchange (ICE), Brent crude for March delivery wavered between $29.72 and $31.18 a barrel before closing at $30.97, up 0.79 or 2.62% on the day. North Sea brent futures briefly hit a fresh 12-year low on Thursday, before rebounding to end a nine-day losing streak. Since the start of the new year, brent futures have crashed by nearly 20%.
Men's high value comes from the appearance of rolex replica uk high demand for their own management. They have a breitling replica thin dress, a strip of flesh, seemingly casual but actually in the details reflect the high quality of the omega replica dress. With some exquisite accessories to decorate, whether or tie clip are carefully considered cufflinks on the election, is a piece of men's replica rolex watches sublimation of the whole shape, reflecting the unique personality and high taste.