Gold erased previous gains as Oil demand left the red zone
Brent left the red zone completely as the gasoline reserves shrank noticeably. Gold erased gains as the stimulus from New Zealand allows the investors to boost their positions in risk assets while cutting the wages with gold
According to the Baker Hughes report, the number of oil rigs in the US increased for the sixth week in a row, rekindling concerns of US Oil producers about the global surplus. Experts are afraid that the risks may collapse the market segment.