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Decline in gold futures and oil futures : 28-10-2020

News Date: 28/10/2020 07:15:13
 

Gold futures for December delivery fell 0.14% during the Asian session  , to trade at $ 1,909.15 an ounce. The contracts were previously traded on a lower session at USD1905.05 an ounce. Gold may find support points at USD1892.50 and resistance at USD1929.40.

Also, the silver price for the month of December fell by 0.52%, to be traded at a price of 24.442 an ounce.

 

Oil futures contracts decreased by 23.30%, to be traded at $ 38.66 a barrel.

It previously traded at a lower session of $ 38.61 a barrel. Crude oil may find support at $ 38.28 and resistance at $ 41.02.

As is the case for Brent oil, as its price for the month of January fell by 1.87%, to be traded at $ 40.83 a barrel.

 

Japanese stock indices fell : the Nikkei index fell by 0.48% to record 23,372.61 points, while the broader Topix index fell by 0.96% to record 1606.34 points.

 

The US stock indices looked mixed at the end of trading yesterday , as the Dow Jones index closed down by 0.8%, while the Standard-Index Index fell by 0.3%, while the Nasdaq index strengthened its position at 0.64%. Consequently, gains were recorded in several sectors, including the technology sector, the consumer services sector and public institutions, while losses were recorded in the finance, industrial, oil and natural gas sectors.

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