OPEC+ agrees largest ever oil output cut of 9.7 million bpd: sources
Read the original: OPEC+ agrees largest ever oil output cut of 9.7 million bpd: sources
Brief high-level remarks by OPEC Secretary General
Delivered by HE Mohammad Sanusi Barkindo, OPEC Secretary General, at the 10th (Extraordinary) OPEC and non-OPEC Ministerial Meeting, 12 April 2020, via webinar.
Mexico throws OPEC’s historic oil production cut into doubt ahead of G-20 meeting
The historic deal was agreed on by all OPEC and non-OPEC producers participating in the conference, with the exception of Mexico. Source: Coronavirus: OPEC oil production cut in doubt ahead of G-20 meeting
Fed Is Seizing Control of the Entire U.S. Bond Market
See original here: Fed Is Seizing Control of the Entire U.S. Bond Market
India: Hunger Games, Day-15
Hunger Games, Day-15; Groceries were asked to reduce their hours. Then, vegetables were to be supplied only by Indian government, which came for a day or two and then disappeared. They had killed the supply chain by stopping road traffic. 100's of millions are starving. pic.twitter.com/6OhLv7YMmT — Jayant Bhandari (@JayantBhandari5) April 10, 2020
Armed group robs Mexican gold mine, flees in plane
Source: Armed group robs Mexican gold mine, flees in plane – Reuters
Asia Gold-Coronavirus lockdowns stall action at top hubs, choke supply
Source: Asia Gold-Coronavirus lockdowns stall action at top hubs, choke supply – Reuters
June Gold Price: New Highs, Above $1750
The price of Gold for June delivery reached a new several year record high price of $1750.90, as of 13:00 EST, and rising. The spot price of gold is trading higher by nearly $45/oz to just under $1,700/oz price. The spread from June Gold Futures Contract vs the quoted spot gold price, remains at over $60/oz: The waves of buying in gold accelerated this morning as New York trading joined the bullish gold markets — JUNE GOLD 15 MINUTE CHART: At one point this morning, during a 15-minute period: over $2.2-Billion in June gold contracts launched the price higher by over $20 an ounce, helping to send its way higher towards $1,800: $1742 highs from Tuesday is being challenged in the futures contract. Some huge buying hit on the move above $1710, over $2.2 Billion in 15 minutes: pic.twitter.com/ydGN6J7QOy — Peter Spina (@goldseek) April 9, 2020
Gold hits 1-month peak fuelled by Fed’s new stimulus measures
Source: PRECIOUS-Gold hits 1-month peak fuelled by Fed’s new stimulus measures – Reuters
Charter flights now insured to ship gold to ease supply logjam – LBMA
View original post here: Charter flights now insured to ship gold to ease supply logjam – LBMA