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Decreasing futures contracts for oil and futures contracts for gold: 22-10-2020

News Date: 22/10/2020 02:02:18
 

Today, gold futures are down 0.69%, to be traded at $ 1916.25 an ounce. Previously, the contracts were traded in a lower session at a price of 1913.05 dollars an ounce. Gold is expected to find support points, down at $ 1896, and resistance points at $ 1936.

Silver futures contracts decreased by 1.37%, to trade at $ 24,885 per ounce.

Also, crude oil futures contracts decreased by 0.65%, to be traded at $ 39.77 a barrel. Oil is expected to find support points, down at $ 39.73, and resistance points at $ 41.7.

 

American stock indices closed lower yesterday, as the Dow Jones Industrial Average recorded a decrease of 0.35%, while the Nasdaq index fell by 0.28%, and the Standard-Index Index fell by 0.22%, which led to a record Losses in both the consumer services sector, and the oil and natural gas sector.

 

Yesterday, the US dollar fell to its lowest level in a whole month, as it retreated by 0.3% to reach 92.78. The US dollar pair rose against the US dollar by 0.3%, to trade at $ 1,1859, to record its highest level.

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