On Monday, Gold surged to its most powerful level in more than a week following a missile hit in Yemen during the weekend igniting geopolitical uncertainties and supporting the metal’s safe-haven demand. Spot gold went up 0.3% at $1,560.88 per ounce, following a touch of its most powerful level since Jan. 10 at $1,562.50 in the beginning of the trading session after that the yellow metal retraced back to $1561.09. U.S. gold futures were even at $1,560.19.
Abundant oil supply depresses oil prices
Daily Analysis - 21/01/2020