Gold has seen another $100 sell off as price action remains subdued.
With oil also failing to break higher, have traders realised to no longer buy the rumour?
Timestamps
WTI 00:20
XAUUSD 01:55
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It’s a bull market in many markets at the moment but certainly not in oil, which is likely to get more bad news on Sunday. Initial reports about Saudi Arabia pushing for a further production hike circulated on Friday and lowered crude by $1.51 but it’s likely to fall even more if/when the hike is…
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