ORBEX: Gold Up Despite Trade Flows, WTI Muted on API Offset
In today’s market insights I talk about how the latest trade war and API developments affected the prices of gold and oil.
Gold appreciated while trade optimism increased! That was owed to poor US data, however! But I do expect the upside to be limited!
Crude, although supported by positive trade ware narratives, ended the session muted as bullish flows were seen offset by a build in the weekly API report!
Stavros Tousios
Head of Investment Research
Orbex
This analysis is provided as general market commentary and does not constitute investment advice.
Gold appreciated while trade optimism increased! That was owed to poor US data, however! But I do expect the upside to be limited!
Crude, although supported by positive trade ware narratives, ended the session muted as bullish flows were seen offset by a build in the weekly API report!
Stavros Tousios
Head of Investment Research
Orbex
This analysis is provided as general market commentary and does not constitute investment advice.
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