GMT +8 5.02pm Singapore Time
I do not know how many times I have to rewrite the headlines of this post as I am writing this blog post! This is simply unbelievable! The Gold and Oil prices simply shot up every 10 secs!
Gold Prices Spiked!
According to Lowem’s Blog:
The weakening dollar also sparked a rally in commodities and metals. Oil extended its rally, benefiting from the slumping dollar. Analysts also cited growing fuel demand and expectations that the OPEC cartel will not increase production at its meeting in early March as other key factors.
Oil Prices Shot up as well!
According to Bloomberg:
OPEC crude-oil supply will fall 200,000 barrels a day, or 0.6 percent, to 32.45 million barrels a day this month, according to preliminary estimates from PetroLogistics Ltd.
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