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WTI remains on the back foot below $78.00 mark and two-week top touched on Wednesday
West Texas Intermediate (WTI) US crude Oil prices trade with a mild negative bias during the Asian session on Thursday, albeit lack bearish conviction and remain well within the striking distance of a nearly two-week high touched the previous day.
Gold price extends overnight pullback from 50-day SMA amid reduced Fed rate cut bets
Gold prices (XAU/USD) gained positive traction for the third successive day on Wednesday and touched a fresh weekly peak, around the $2,341-2,342 area in reaction to softer US consumer inflation figures.Fxstreet
Jun 13, 2024
Oil edges up towards $80 as US inventories decline by more than expected
Oil prices are sprinting higher on Wednesday, touching the highest level since May 30, supported by a larger-than-expected decrease in US inventories. Data from the American Petroleum Institute (API) showed on Tuesday that crude stockpiles declined byFxstreet
Jun 12, 2024
Gold struggles on trimmed Fed rate cut bets, China buying pause
Gold (XAU/USD) trades marginally lower on Wednesday as expectations that interest rates in the US will remain high, and news the People’s Bank of China (PBoC) has halted Gold buying after an 18-month spree, weigh on the precious metal.Fxstreet
Jun 12, 2024
Oil prices settle higher as soft CPI release offsets surprise US inventory jump
Investing.com-- Oil prices settled higher Wednesday, as a cooler inflation report supporting rate-cut hopes, but gains were kept by an unexpected build in weekly domestic crude supplies and hawkish FeInvesting.com
Jun 12, 2024
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