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CHIEF GLOBAL MARKET STRATEGIST
Spot gold dropped by 0.3% to $1,839.37 an ounce after ending 0.4% lower on Wednesday.
Oil prices rallied after industry data showed U.S. crude inventories dropped unexpectedly last week amid fears that the COVID-19 infection,
The Nasdaq index had earlier hit a record high on hopes of impressive earnings later this week.
Gold traders are of the bias that the precious market is heading from neutral to bearish...
Brent crude was down by 0.24% to trade at $55.12 barrel, and WTI futures inched down by 0.10% to $52.22 a barrel.
West Texas Intermediate, lost 1.6%, at $52.27 per barrel. It was WTI's worst daily plunge slide since last Friday when it fell 2.2%.
Spot gold was down by 0.4% to trade at $1,862 per ounce after hitting its highest since Jan. 8 at $1,874.50 earlier in the session.
Netflix for the first time ever passed the 200 million subscriber mark and had an impressive reserve of $8.2 billion in cash.
Oil prices drifted lower after digesting a surprising build in U.S. crude oil inventories that re-ignited fuel demand anxiety.
More COVID-19 relief programs pushed the yellow metal’s appeal up as an inflation hedge.
Brent oil futures gained 0.68% to trade at $56.28 a barrel adding to yesterday's 2.1% gain.
Gold futures were up 0.38% at $1,836.80/ounce after hitting the lowest point since December 2 yesterday