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Friday’s Oil And Gold Analysis

ByICM Brokers
Published 11/22/2013, 04:59 AM
Updated 04/25/2018, 04:40 AM
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Crude surged the most in seven weeks after fewer Americans than forecast filed claims for unemployment benefits, bolstering optimism that U.S. economic growth will accelerate. Crude advanced 1.7 percent after the Labor Department said jobless claims fell by 21,000 to 323,000 last week, the fewest since Sept. 28.. fuel demand averaged over four weeks reached a five-year high of 20.3 million barrels a day last week, Energy Information Administration data showed yesterday. Crude appreciate to 95.40.
Oil
GOLD
Gold fell to the lowest since July as investors weighed speculation that the Federal Reserve may reduce monthly bond purchases in coming months. Policy makers expect U.S. economic data will signal further improvement in the labor market and “warrant trimming the pace of purchases in coming months,” according to minutes of the Fed’s October meeting released yesterday. Applications for unemployment benefits in the U.S. for the week ended Nov. 16 declined to the lowest in almost two months, the Labor Department said today ,and gold was little changed.
Gold

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