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Oil rises as OPEC+ likely to try to keep oil market tight; Gold lower on strong USD
Commodities are starting to post some diverging trends as US soft landing hopes improve. Oil has benefited from a resilient US economy, but gold has struggled as a tight labor market suggests the Fed may need to keep interest rates higher for longer. A recent Bloomberg survey noted that firmer growth prospects are expected through […]...
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Posted: Jul 21 2023, 16:40
Author Name: marketpulse
Views: 110538