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Natural Gas bounces higher despite Norwegian exports back to full volumes
Natural Gas price (XNG/USD) trades marginally higher above $2.85 on Friday, extending this week’s positive move, with markets ignoring that the Norwegian Gas is flowing again in full volume towards Europe and the UK.Fxstreet
Jun 7, 2024
Gold breaks lower after news People’s Bank of China halts buying
Gold (XAU/USD) is trading over one and a half percentage point lower in the $2,330s on Friday after the news that the People’s Bank of China (PBoC) suddenly halted its Gold purchases in May after an 18-month stretch of buying.
Fxstreet
Jun 7, 2024
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.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
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