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Crude Oil extends recovery, WTI tests $75.50
West Texas Intermediate (WTI) US Crude Oil recovered to $75.50 per barrel in thin market trading on Thursday, regaining recently-lost ground as energy traders try to shake off looming oversupply threats to focus on rising hopes of a Federal Reserve (Fed) rate cut in the third quarter.Fxstreet
Jun 6, 2024
Gold price hits two-week high on weaker US jobs data ahead of NFP
Gold hit a two-week high of $2,378 on Thursday after the US Bureau of Labor Statistics (BLS) announced weaker-than-expected jobs data that kept US Treasury bond yields virtually unchanged, a tailwind for the golden metal.Fxstreet
Jun 6, 2024
Oil pares losses after steep correction amidst unhappy OPEC+
Oil prices are in repair mode on Thursday after a near 10% decline in just five trading days. The sharp downside move came after the OPEC+ meeting did not hold any measure to further support prices at or around $80.00. With markets disappointed,Fxstreet
Jun 6, 2024
Gold climbs on soft US jobs data, lower US Treasury yields
Gold’s price remains range-bound and advanced on Wednesday, making a U-turn to Tuesday’s price action following the release of mixed US economic data that could warrant lower borrowing costs set by the US Federal Reserve (Fed).Fxstreet
Jun 5, 2024
Silver Price Forecast: XAG/USD steadies below $30 ahead of US ISM Services PMI
Silver price (XAG/USD) fails to find direction and remains sideways below the psychological resistance of $30.00 despite the United States (US) Automatic Data Processing (ADP) has reported weaker-than-expected private payroll data for May.Fxstreet
Jun 5, 2024
