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Oil prices decline while gold contracts rise: 13-11-2020

News Date: 13/11/2020 05:10:43

Japanese stock indices closed lower today, due to undermining investor sentiment for fear of a rise in Corona cases, and the Nikkei index fell by 0.53% to 25385.87 points, and over the course of a week the Nikkei index gained 4.36%, while the Nikkei index declined Topix broader in scope by 1.33% to 1703.33 points, and all the indices of the sub-sectors in the Tokyo Stock Exchange declined, and its number reached 33 sectors except for one sector.


The futures contract for gold for December delivery rose this morning, as it rose 0.18%, to settle at a price of $ 1876.7 per ounce. Previously it traded in a bullish session at $ 1880.85 an ounce. Gold is expected to find support points at $ 1848.00, and resistance points at $ 1966.10. As for silver, its price was set at $ 24,305 per ounce.


The natural gas futures contract for December delivery rose 0.07%, traded at $ 2,978 per million British thermal units.


On the other hand, crude oil futures for December delivery decreased by 2.33%, to trade one barrel at $ 40.16. It previously traded in a lower session at a price of $ 40.16 a barrel. Crude oil may find support points at $ 37.16, and resistance points at $ 43.06.

The price of Brent oil for the month of January decreased by 1.52%, to be traded at $ 42.68 a barrel.

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