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Market Drivers – Asian Session 25-11-2021

Adel 25 November, 2021 1:51 pm Market Update

There were no fresh moves for the majors during the Asian session. Fresh headlines are crossing the wires from the UAE official, via Reuters, citing that it is fully committed to OPEC and its allies (OPEC+) agreement.

Gold futures rose 0.47% to $1,792.75, after falling to their lowest level since November 4 on Wednesday. While the dollar, which usually moves in reverse with gold, fell on Thursday.

The official Kuwait News Agency reported late on Wednesday that the Ministry of Oil confirmed in a statement Kuwait’s full commitment to the OPEC + alliance agreement, and denied the existence of any prior position regarding the upcoming meeting of the alliance.

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