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Oil prices dipped on Wednesday after China reported relatively weak import data, although the market remained well supported by falling U.S. crude inventories and the introduction of sanctions against Iran. www.mcxgoldstar.com 7249938989 9719002865 Front-month Brent crude oil futures ( LCOc1 ) were at $74.50 per barrel at 0651 GMT, down 15 cents, or 0.2 percent, from their last close. U.S. West Texas Intermediate (WTI) crude futures ( CLc1 ) were at $69.15 per barrel, down 2 cents. China's July crude oil imports recovered slightly in July after falling for the previous two months, but were still among the lowest this year due to a drop-off in demand from the country's smaller independent, or "teapot", refineries. Shipments into the world's biggest importer of crude came in at 36.02 million tonnes last month, or 8.48 million bpd, up from 8.18 million bpd a year ago, and just up on June's 8.36 million bpd, data from the General Administration of ...

Gold prices slipped on Thursday after the dollar steadied after the Federal Reserve concluded a two-days policy meeting and  gave an upbeat assessment  on the U.S. economy . Gold futures  for December delivery on the  Comex division of the New York Mercantile Exchange fell by $0.6, or 0.06%, to $1,227.00 a troy ounce by  1:40AM ET (05:40 GMT).   www.mcxgoldstar.com 8859917191 7249938989 The Fed left interest rates unchanged following a two-day policy meeting, as widely expected. The central bank then upgraded its view on the economy.   The committee said it expects that “further gradual increases in the target range for the federal funds rate will be consistent with sustained expansion of economic activity, strong labor market conditions, and inflation near the committee’s symmetric 2 percent objective.”  The  U.S. dollar index , which tracks the greenback against a basket of other currencies, gained 0.11% to 94.56 by 12:30AM ET (04:30 GMT). "The Fed...

Oil prices fell on Wednesday after industry data showed U.S. stockpiles of crude unexpectedly rose, and as economic growth slowed, especially in Asia, amid the escalating trade dispute between the United States and China . Brent  futures dropped 28 cents, or 0.4 percent, to $73.93 a barrel by 0634 GMT, adding to a 1.8 percent loss in the previous session. www.mcxgoldstar.com 9719002865 7249938989 U.S. crude  futures were down 41 cents, or 0.6 percent, at $68.35 a barrel, having dropped nearly 2 percent on Tuesday. Brent fell more than 6 percent in July, while U.S. crude futures slumped about 7 percent, the biggest monthly declines for both benchmarks since July 2016. Weighing on prices was a report by the American Petroleum Institute (API) that showed domestic crude inventories rose by 5.6 million barrels last week. A Reuters poll had forecast a fall of 2.8 million barrels. [API/S] Official data from the U.S. Energy Information Administration (EIA) is due late...

Oil prices edged lower on Tuesday as Organization of the Petroleum Exporting Countries (OPEC) production reached a fresh 2018 high in the month of July, reports revealed. www.mcxgoldstar.com 7249938989 8859917191 Crude Oil  WTI Futures for September delivery slipped 0.4% to $69.83 per barrel at 1:10AM ET (05:10 GMT), while  Brent oil futures  for October delivery also slipped 0.4% to $75.22 for one barrel. A Reuters survey showed on Tuesday that OPEC increased production in July. OPEC hiked production by 70,000 barrels per day to 32.64 million bpd, a 2018 high, Reuters reported. Further supply increases could offset production outages and pressure prices, it added. Oil prices received some support on Monday as investor concerns over global crude supply supported sentiment, as investors continued to weigh supply disruptions in Saudi Arabia and declining output from and Venezuela, Iran and Libya. Saudi Arabia announced it would suspend shipments of oil throug...

Gold prices  edged lower while the dollar was little changed on Monday as market participants awaited key central bank meetings due later this week. Gold futures  for August delivery on the  Comex  division of the New York Mercantile Exchange fell by $3.50, or 0.3%, to $1,219.60 a troy ounce by 1:40AM ET (05:40 GMT). www.mcxgoldstar.com 8859917191 9719002865

Gold prices slipped for two consecutive days as dollar slightly rose on Wednesday ahead of a meeting between and U.S. and European Commission presidents for trade-related talks. Gold Futures  for August delivery on the  Comex division of the New York Mercantile Exchangeis was down 0.11% to a trading price of $1,224.10 each troy ounce at 1:00AM ET (05:00 GMT).    www.mcxgoldstar.com 7249938989 8859917191