The pair is declining amid the low oil stockpiles in the US, as seen from the released data. Another negative factor for the pair is the weak US dollar and the positive outlook for commodity assets as the global economy recovers.
Technical side:
The price is below the middle …
Tuesday, December 29th, today’s news—optimism dominates the markets after the new stimulus package in the US was signed and post-Brexit trade deal was reached. American, European, and Asian markets trade higher, Dow futures are up more than 100 points after the record-setting rally on Wall Street, oil rises, dollar is …
Futures contracts for gold prices fluctuated in a narrow range tending to decline during the Asian session amid the negative stability of the US dollar index according to the inverse relationship between them on the cusp of developments and economic data expected today, Tuesday, by the US economy, the largest …
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