Gold Futures Rose During The Asian Session

Gold futures rose during the Asian session on Tuesday.

On the Comex division of the New York Mercantile Exchange, gold futures for delivery in December went up by 0.07% to trade at $1,538.25 per troy ounce.

Earlier, the troy ounce was trading in a dollar bullish session. Gold was likely to find support at $1,502.10 and resistance at $1,564.95.

The US Dollar Futures Index, which tracks the performance of the greenback against six other major currencies, fell by 0.10% to trade at $97,887.

Elsewhere on Comex division, Silver for delivery in December as well rose by 0.10% and traded at $17,802 per troy ounce while Copper for delivery in December rose by 0.16% to trade at $2,547 a pound.

Crude Oil Futures Gained This Morning

Crude Oil futures rose during the early morning trades today.

On the New York Mercantile Exchange, Crude Oil futures for October delivery gained 0.63% to trade at $53.98 per barrel.

Earlier, the barrel traded during a bullish dollar session. The crude oil was likely to find support at $52.98 and resistance at $56.46.

Elsewhere on ICE, Brent oil for delivery in November rose by 0.58% and traded at $58.46 a barrel while the gap between the value of the contracts on Brent Oil and Crude Oil stood at $4.48 a barrel.

Bitcoin Prices Fall

Bitcoin prices fell on Tuesday after Crypto exchange, Binance made headlines that the company will launch a new crypto lending service, namely Binance Lending.

Bitcoin fell by 1.4% to $10,193.2. Similarly, Ethereum also dropped by 2.4% to $186.03, while XRP and Litecoin traded 1.3% and 2.4% lower respectively.

Henceforth, holders of Binance Coin, Tether and Ethereum Classic will be able to lend their assets and earn interest through Binance Lending. Moreover, the interest will be paid out soon after the loan comes to maturity.

The services will be available for subscription as from August 28th till August 29th.

Financial Events to watch for today

06:00 GMT
German GDP (QoQ) (Q2) [EU]
14:00 GMT
CB Consumer Confidence (Aug) [US]