Saturday, 11 April 2020

Oil Bearish as Gold hits 7 year High!

Gold: The prices hit a seven-year high. The measures taken by the U.S. Federal Reserve to boost the economy reinforced the demand for the gold. Gold futures settled at $1752.80, up $68.50 or +4.07%.

Currencies: The U.S. dollar index, which tracks the greenback against a basket of its peers, was last at 99.424 after slipping from levels above 100.5 seen earlier in the trading week.

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