Sunday, 3 August 2014

update


  • Brent crude traded at two-week low as oversupply in the Atlantic basin and low demand outweighed geopolitical tensions.
  • From precious metals space, gold rose 1 percent on Friday, a day after touching a six-week low as US payrolls data missed expectations. However, it traded below 1300 dollars an ounce.
  • In other asset classes, the dollar index erased some of its gains but still traded near 10-month highs. The dollar index neared 81.31 levels gaining over 2 percent for the month.


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