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Gold prices to trade higher today: Angel Commodities

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According to Angel Commodities ,Last week, spot gold prices increased by 0.43 percent to trade at $1226. However, gold prices touched a low of $1217 as dollar slipped on account of the uncertainty of pace of future rate hikes by US FED. Angel Commodities' report on Gold Last week, spot gold prices increased by 0.43 percent to trade at $1226. However, gold prices touched a low of $1217 as dollar slipped on account of the uncertainty of pace of future rate hikes by US FED. The recently announced core durable goods data and unemployment claims for the previous week reiterated the weakness in us dollar. Earlier during the week US FED comments on slowing down of the rate hike cycle dragged down the US dollar in turn pushing up the yellow metal. The yellow metal gained during the week on account of continued weakness in US dollar evident during the week. On MCX, gold prices decreased by 0.47 percent to cl ose at Rs. 30860. Outlook We expect gold prices to trade higher as...
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Petrol price today: Petrol price cut to below Rs 80 in Mumbai; check latest rates in metros

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Petrol price today: Fuel prices continued to ease in the major metros, with one litre of petrol now being sold below Rs 80 in Mumbai. Petrol prices have been reduced to Rs 79.62 in Mumbai , a cut of 41 paise from yesterday’s prices. In case of national capital Delhi, one litre of petrol is now retailing at Rs 74.07, down by 42 paise from yesterday’s rates. In case of Kolkata, oil marketing firms have cut the petrol price to Rs 76.06. In Chennai, one litre of petrol can be bought for Rs 76.88. Fuel prices have been on a decline in the last 40 days on the back of easing global crude oil prices. The rates have fallen by Rs 8.76 in Delhi, Rs 8.46 in Mumbai, Rs 8.59 in Kolkata and Rs 9.22 in Chennai from all-time high levels on October 17th. Also read: Share market  LIVE u pdates: Sensex, Nifty start on tepid note; Infosys, Sun Pharma gain up to 2% Meanwhile , oil markets opened cautiously on Tuesday, with many traders reluctant to take on large new positions ahead of ...
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'Oil prices should start to stabilise in first-half of 2019'

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Russian Energy Minister Alexander Novak said on Tuesday that oil prices, which fell by more than a third this quarter, would become more stable in the first half of 2019.  The Organization of the Petroleum Exporting Countries (Opec) and other large oil producers led by Russia agreed earlier this month to cut their combined crude output by 1.2 million barrels per day from January in order to stem the fall in oil prices.  "I think that during the first half, due to joint efforts, which were confirmed by the Opec and non-Opec countries this December, the situation will be more stable, more balanced," Novak said in an interview on Rossiya-24 TV.  Novak also said there were no proposals for an extraordinary meeting with Opec, and he attributed the fall in oil prices to macroeconomic factors .  "Those are the fundamental factors: the decrease of demand in winter and, of course, the macro economy as we've been witnessing a decline in global economic activity...
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