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- GOLD with a slight growth in the Asian session, oil with a slight decline in anticipation of the OPEC meeting
GOLD with a slight growth in the Asian session, oil with a slight decline in anticipation of the OPEC meeting
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Gold prices held slightly positive tone at the beginning of the Asian session
Spot gold supplies are at levels 1190.89 dollars per troy ounce as the market starts to price 1189.63, or 0.89 dollar increase
Gold futures for August delivery rose 0.10% to $ 1,191.00 an ounce.
Silver futures for July delivery rose 0.05% to $ 16.710 per troy ounce.
Last week, gold prices rose slightly on Friday after data showed the US economy shrank in the first three months of the year.
Crude oil prices eased in Asia on Monday due to profit taking from last week in anticipation of data on the production front. Traders expect energy critical OPEC meeting in Vienna on Friday. Expectations of the cartel to keep production levels stable of 30 mil. barrels per day. On the New York Mercantile Exchange, January crude oil for July delivery fell 0.67% to $ 59.90 a barrel. Brent for July delivery rose $ 2.98, or 4.76 percent, to $ 65.56 a barrel.
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