Gold prices mark out small gains in early Asia ahead of Fed officials
Gold eked out small gains in early Asia on Wednesday as investors awaited more Federal Reserve comments on the rate outlook. On the Comex division of the New York Mercantile Exchange, gold for February delivery edged up 0.02% to $1,068.90 a troy ounce. Silver futures for December delivery rose 0.07% to $14.190 a troy ounce, whilecopper futures were flat at $2.075 a pound. Overnight, gold futures were relatively flat on Wednesday paring earlier gains in overnight Asian trading, as manufacturing activity in both China and the U.S. fell to its lowest level in years.
Copper moves higher as China PMI boosts stimulus hopes
Copper prices edged higher on Tuesday, after a pair of disappointing manufacturing reports underlined concerns over the health of China's economy.
The downbeat data reinforced the view that the economy remains in the midst of a gradual slowdown which will require Beijing to roll out more support in coming months. Copper for March delivery on the Comex division of the New York Mercantile Exchange tacked on 1.2 cents, or 0.6%, to trade at $2.060 a pound during morning hours in London. A day earlier, copper lost 0.9 cents, or 0.44%, as a stronger U.S. dollar weighed. Meanwhile, three-month copper on the London Metal Exchange inched up 0.14% to $4578.50 a metric ton.
NYMEX crude gains in Asia despite API build last week
Crude oil prices gained in early Asia on Wednesday despite asharp build in industry-estimated U.S. crude oil stocks.
On the New York Mercantile Exchange, WTI crude for January delivery reversed territory late in the session to close at $41.78, up 0.13 or 0.31% on the day. With the slight gains, WTI crude halted a three-day losing streak. The American Petroleum Institute said that crude stocks rose 1.6 million barrels last week, well above the fall of 1.2 million barrels seen. Separately, a government report on Wednesday could show that U.S. inventories fell by 1.2 million barrels for the week ending on November 27. Last week, U.S. crude stockpiles rose for the ninth straight week to remain at their highest level in at least the last 80 years. Overnight, crude futures were relatively flat in cautious trade, ahead of the release of the American Petroleum Institute's weekly inventory report at the close of trading on Tuesday evening and a highly anticipated OPEC meeting at week's end.
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.