MTECHTIPS:-Gold climbs to 1-year high amid lingering North Korea tensions


MTECHTIPS:-Gold climbs to 1-year high amid lingering North Korea tensions

MTECHTIPS -Gold prices rose to their highest level in around a year on Tuesday, as demand for safe-haven assets remained strong in the wake of North Korea’s most powerful nuclear test to date. Geopolitical risks tend to boost demand for safe havens such as gold, which is considered a good store of value during volatility in other markets. Comex gold futures jumped $10.30, or around 0.8%, to $1,340.77 a troy ounce by 2:50 AM ET (0650 GMT), after touching its best level since September 27, 2016 at $1,345.50 earlier. The yellow metal did not settle on Monday due to the U.S. Labor Day holiday. Elsewhere on the Comex, silver futures tacked on 14.7 cents, or about 0.8%, to $17.96 a troy ounce. It rose to $18.03 earlier, the most since April 25. North Korea conducted its sixth and most powerful nuclear test to date on Sunday, which it said was a successful detonation of an advanced hydrogen bomb. Adding to concern on the Korean peninsula, South Korea’s Defense Ministry said Monday that Pyongyang is making preparations for the possible

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MTECHTIPS-Advisory is a financial advisory firm having a team of specialized financial market analysts having massive experience in carrying out capital market research. We deliver reliable tips and advices for stocks, future , Index and option (F&O) traded in the NSE commodities such as bullion, agri and metals traded in the MCX and NCDEX. We offer daily and weekly reports having stock and commodity market overview that assists the investors to identify with the trends of the market and assists in taking smart decisions.

 

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MTECHTIPS:-Trading Tips with MTECHTIPS Apply For 2 Days Free Trails


MTECHTIPS:-Trading Tips with MTECHTIPS Apply For 2 Days Free Trails

MTE FREE

Detailed and Research-Based Trading Tips Service at mtechtips

MTECHTIPS-Advisory is a financial advisory firm having a team of specialized financial market analysts having massive experience in carrying out capital market research. We deliver reliable tips and advices for stocks, future , Index and option (F&O) traded in the NSE commodities such as bullion, agri and metals traded in the MCX and NCDEX. We offer daily and weekly reports having stock and commodity market overview that assists the investors to identify with the trends of the market and assists in taking smart decisions.

 

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MTECHTIPS:-Crude oil mixed in Asia in light trade with U.S. refineries recovering


MTECHTIPS:-Crude oil mixed in Asia in light trade with U.S. refineries recovering

MTECHTIPS – Crude oil prices were narrowly mixed on Tuesday in light trade following a U.S. holiday overnight with signs that U.S. Gulf Coast refineries were coming back online a slight pickup for crude. The U.S. West Texas Intermediate crude October contract rose 0.19% to $47.38 a barrel. Elsewhere, Brent oil for October delivery on the ICE Futures Exchange in London fell 0.10% to $52.17 a barrel. Overnight, U.S. oil futures moved higher on Monday, as refinery activity slowly resumed on the Gulf Coast, although investors were still trying to assess the long term damage of Hurricane Harvey on the U.S. petroleum industry. Two key fuel pipelines were set to start up on Monday after certain segments in Texas were shut because of storm system Harvey, helping alleviate concerns about rising retail prices and the domestic distribution of gasoline and distillates. Affected oil output is down significantly from the peak of around 25%, or 428,568 bpd, on August 26 as evacuated workers returned and activity resumed

MTECHTIPS:-Crude oil mixed in Asia in light trade with U.S. refineries recovering


MTECHTIPS:-Crude oil mixed in Asia in light trade with U.S. refineries recovering

MTECHTIPS – Crude oil prices were narrowly mixed on Tuesday in light trade following a U.S. holiday overnight with signs that U.S. Gulf Coast refineries were coming back online a slight pickup for crude. The U.S. West Texas Intermediate crude October contract rose 0.19% to $47.38 a barrel. Elsewhere, Brent oil for October delivery on the ICE Futures Exchange in London fell 0.10% to $52.17 a barrel. Overnight, U.S. oil futures moved higher on Monday, as refinery activity slowly resumed on the Gulf Coast, although investors were still trying to assess the long term damage of Hurricane Harvey on the U.S. petroleum industry. Two key fuel pipelines were set to start up on Monday after certain segments in Texas were shut because of storm system Harvey, helping alleviate concerns about rising retail prices and the domestic distribution of gasoline and distillates. Affected oil output is down significantly from the peak of around 25%, or 428,568 bpd, on August 26 as evacuated workers returned and activity resumed