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Oil: Specs add to Brent long – ING
Despite the rally in crude oil prices running out of steam towards the end of last week, ICE Brent still managed to settle almost 1.3% higher on the week and remain above US$80/bbl, ING's commodity analysts Warren Patterson and Ewa Manthey note.Fxstreet
Jan 20, 2025
Aluminum continues to rally on China growth – ING
LME aluminum ended last week on a strong footing, boosted by signs of economic recovery in China following a series of stimulus measures over the last couple of months. China’s economic data released last Friday showed China’s GDP in 2024 expanded 5%, meeting the government’s target.Fxstreet
Jan 20, 2025
Gold clings on to $2,700 ahead of Trump’s inauguration
Gold’s price (XAU/USD) trades flat and holds around $2,700 on Monday after an earlier decline during the Asian session as traders are concerned over President-elect Donald Trump being sworn in as the 47th United States (US) President later in the day.Fxstreet
Jan 20, 2025
Gold price climbs above $2,700; upside seems limited ahead of Trump’s inauguration
Gold price (XAU/USD) attracts some dip-buyers near the $2,689 region during the Asian session on Monday and for now, seems to have stalled its retracement slide from over a one-month top touched last week.Fxstreet
Jan 20, 2025
Gold retraces on Friday but weekly gains nearly secured
Gold’s price (XAU/USD) slightly retraces but holds above the $2,700 level on Friday, with some profit-taking occurring after its three-day rally this week. Federal Reserve (Fed) governor Christopher Waller spooked traders by commenting on ThursdayFxstreet
Jan 17, 2025
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