Precious metal prices advanced further, with gold and silver prices approaching their one-month high at US$1,282 and US$16.60 respectively. Recent volatility in cryptocurrencies and risk-off sentiment in equity markets fuelled the demand for safety. Technically, both gold and silver prices are riding their short-term bull trends. Libya pipeline blast sent crude oil prices to their two-and-half-year high of US$66.7 area. The rebound in oil prices today is likely to alleviate that concern and bring a more positive outlook for this sector.

Source: Libya Today December 27, 2017 10:52 UTC