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Gold Price Forecast: XAU/USD support at $4,000 remains dangerously close
Gold bounced up after reaching the target of a Double Top pattern, at $4,005 on Tuesday, but upside attempts have been halted way below previous support, at $4,185, which leaves the immediate bearish trend intact and the $4,000 support area at a short distance.The announcement that US President TrumFxstreet
Wed, Oct 22
Crude oil price today: WTI price bullish at European opening
West Texas Intermediate (WTI) Oil price advances on Wednesday, early in the European session. WTI trades at $58.23 per barrel, up from Tuesday’s close at $57.56.Brent Oil Exchange Rate (Brent crude) is also up, advancing from the $61.39 price posted on Tuesday, and trading at $62.08.WTI rises above $57.50 amid easing US-China trade tensions
West Texas Intermediate (WTI), the US crude oil benchmark, is trading around $57.55 during the early Asian trading hours on Wednesday. The WTI rises as a sign that easing US-China trade friction overrode the effects of gains in the US Dollar (USD) and excess supply concerns.Gold plummets over 5% in biggest drop since 2020
Gold plummets more than 5.50% on Tuesday as traders seem to book profits ahead of the release of September’s Consumer Price Index (CPI) data in the US, and the Greenback recovers some ground. XAU/USD trades at $4,114 after diving from a daily high of $4,375.Fxstreet
Tue, Oct 21
Copper market continues to see supply surplus in August – Commerzbank
According to the International Copper Study Group, the global Copper market recorded a supply surplus of 147 thousand tons in the first eight months of the year, Commerzbank's Head of FX and Commodity Research Thu Lan Nguyen notes.
Fxstreet
Tue, Oct 21
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