Tag: retreats
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Crude oil retreats ahead of crucial Chinese growth data release
[ad_1] By Peter Nurse Investing.com — Oil prices retreated Monday, handing back some of the recent gains ahead of the latest news of China’s economic growth, as traders look for signs of demand recovery at the largest crude importer in the world. By 08:00 ET (13:00 GMT), futures traded 0.7% lower at $81.88 a barrel,…
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Crude oil retreats from highs, but sentiment is bullish
[ad_1] By Peter Nurse Investing.com — Oil prices weakened Thursday, with growing fears that the U.S. economy will fall into recession later this year causing traders to bank profits after recent gains. By 08:30 ET (12:30 GMT), futures traded 0.4% lower at $82.97 a barrel, while the contract fell 0.4% to $87.00 a barrel. Both…
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Gold retreats after virtually touching $1,950; awaits PCE inflation data
[ad_1] By Barani Krishnan Investing.com — Gold futures came within a hair’s breadth of $1,950 an ounce before retreating on Thursday, as bulls in the game appeared to be conserving energy for another crack at the key resistance if U.S. inflation data due in the next 24 hours turns out to be tamer than thought.…
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Oil Retreats From $95, Eyes Weekly Gains on U.S. Optimism
[ad_1] By Ambar Warrick Investing.com– Oil prices fell from a recent peak on Friday, but were set to rise for a second consecutive week as a swathe of positive U.S. data helped ease fears over an economic slowdown, while the prospect of tightening supply also helped buoy prices. London-traded fell 0.2% to $94.44 a barrel, while…
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Gold Sees Some Relief as Dollar Retreats From 20-Year Highs
[ad_1] By Ambar Warrick Investing.com– Gold prices recovered slightly on Tuesday, taking some relief as the dollar retreated from a 20-year peak, although hawkish signals from the Federal Reserve still weighed on the market. rose 0.1% to $1,738.55 an ounce, while broke above $1,750 an ounce with a similar gain by 21:07 ET (01:07 GMT). Slight…
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AUD/USD Rebound Facing Pressure as PCI Retreats Ahead of Trade Data
[ad_1] Australian Dollar, AUD/USD, PCI, PMIs, Trade Data, Lunar New Year, OPEC – Talking Points Australia’s performance of construction index (PCI) dropped sharply for Dec and Jan Oil prices fall after nearly hitting the 90 mark after OPEC+ agrees to hike production AUD/USD trims overnight gains, moves slightly lower, after failing to clear 26-D EMA…