
Oil plunged several percent on Thursday. They say, the bullish rally was just too aggressive. Let's trade the dip then!
On Wednesday, gold sank in Asia because market participants became cautious ahead of a gathering of key bankers this week in Jackson Hole, which might offer fresh cues on interest rates as well as unwinding stimulus efforts.
December delivery gold futures went down 0.02% in New York being worth $1,290.78 a troy ounce.
Overnight, gold went down, reacting to a rebound in the evergreen buck because market participants were still wary of initiating huge positions in the number one precious commodity ahead of a two-day key banking symposium this week.
On Tuesday, gold was unable to break $1,300 because the precious metal went down close to one-week minimums because a sag in US-North Korea tensions relieved safe-haven demand. Meanwhile, market participants shifted their attention to an approaching highly anticipated symposium of major bankers slated for Thursday that could offer clues on monetary policy changes.
Oil plunged several percent on Thursday. They say, the bullish rally was just too aggressive. Let's trade the dip then!
Great news for oil bulls! OPEC and its allied producers agreed to expand output cuts for the next month.
Another all-time high has juts been reached by the famous crypto asset. What next? $100,000?
The Australian economy has been on a steady recovery path, and now we have a very symbolic confirmation that S&P ASX 200 is about to cross 7000!
Jump in to know the latest market news and trade ideas for today!
The Reserve Bank of New Zealand will hold a meeting on Wednesday, April 14, at 05:00 MT.
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