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Gold: A revisit of the $2400/oz range can spark a sell-off – TDS
Systematic flows in Gold markets have remained relatively muted, in contrast to the large-scale selling activity that has hit the tapes in the remainder of the commodities complex, TDS Senior Commodity Strategist Daniel Ghali notes.Fxstreet
Aug 6, 2024
Commodity market pricing reeks with a recessionary afterscent – TDS
Analyzing the cross-section of commodities returns points to an extreme repricing in demand sentiment over the course of the summer, which has clearly been more significant than the recent deterioration in macro data, TDS senior commodity strategist Daniel Ghali notes.Fxstreet
Aug 6, 2024
WTI trades with modest intraday gains above mid-$73.00s, lacks bullish conviction
West Texas Intermediate (WTI) US crude Oil prices edge higher during the Asian session on Tuesday and recover further from a multi-month low, around the $71.20-$71.15 region touched the previous day.Fxstreet
Aug 6, 2024
Gold falls yet clings to $2,400 despite US recession fears looming
Gold price dropped over 1% during Monday’s North American session but recovered after hitting a new six-day low of $2,364 amid a worldwide market sell-off spurred by last week’s softer-than-expected data in the United States (US).Fxstreet
Aug 5, 2024
