Gold Silver Reports (GSR ) – Spot gold had risen 0.2 per cent to $1,282.71 per ounce by 0103 GMT, while US gold futures were steady at $1,282.50 per ounce.
Government / Politics
Trump to focus on border ‘Crisis,’ seek support for wall in TV address
Gold Silver Reports (GSR) – Trump’s prime-time address, scheduled for 9 p.m. (0200 GMT Wednesday) will be his latest attempt to persuade Congress to fund construction of a huge barrier along the 2,000-mile (3,200-km) border.
OPEC Has Shown it can Reach Deal Despite Splits: Iran Oil Minister
The Organization of the Petroleum Exporting Countries and its Russia-led allies agreed on Dec. 7 to cut output by more than expected, despite pressure from U.S. President Donald Trump to reduce the price of crude.
Slowing Demand and a Supply Glut to Drain Oil’s Gains in 2019: Reuters Poll
A survey of 38 economists and analysts forecast Brent crude LCOc1 to average $74.50 a barrel in 2019, lower than the $76.88 outlook last month. The poll predicted Brent would average $73.20 in 2018, mostly in line with the $73 average for the global benchmark so far this year.
Breaking News – Crude Oil Prices Dip on Swelling U.S. Supply – OPEC Output Cuts Loom
U.S. West Texas Intermediate (WTI) crude futures were at $51.30 per barrel at 0023 GMT, down 15 cents, or 0.3 percent from their last settlement.
UK, EU Agree Tentative Brexit Deal on Financial-Services: The Times
British and European negotiators have reached tentative agreement on all aspects of a future partnership on services, as well as the exchange of data, the British newspaper reported, citing government sources.
ECB’s Nowotny: We Expect Positive Economic Outlook To Continue But Risks Exist
ECB’s Nowotny: Asked About Latest GDP Figures, Has Not Seen Anything That Would Require An Adjustment Of Monetary Policy Outlook
U.S. Plans More China Tariffs If Trump-Xi Meeting Fails, Sources Say
The United States is preparing to announce tariffs on all remaining Chinese imports by early December if talks next month between presidents Donald Trump and Xi Jinping fail to ease the trade war.
Rupee Slump to Push India to Seek Yuan Trade Settlement
The plan would enable direct convertibility between the rupee and yuan and will help cut transaction and hedging costs, the people said, asking not to be identified citing rules. The proposal would allow Indian exports of pharmaceuticals, oilseeds and sugar to China to be settled in rupee, while keeping out trade in high volume products such as electronics, they said.
Five Questions for the ECB
Growing concern about the impact of trade tensions on the economic outlook, another spike in Italian borrowing costs, fraught Brexit talks and volatility in world markets make for a colorful backdrop to Thursday’s European Central Bank meeting.