Oil prices steady as strong dollar offsets bullish inventory draw

Investing.com– Oil prices rose slightly on Thursday after steep losses in the prior session, with a recovery in the dollar largely offsetting optimism over data showing a substantial drop in U.S. oil inventories over the past week. Increased risk aversion, after ratings agency Fitch downgraded the U.S. sovereign rating, also spurred oil traders to take […]

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Gold prices dip, copper hits 3-mth high on China stimulus bets

Investing.com — Gold prices edged lower on Tuesday, although futures remained largely ahead of spot rates, while copper prices were underpinned by growing expectations of more stimulus measures in China. December futures for the yellow metal cleared the closely-watched $2,000 an ounce level on Monday, amid increasing bets that the Federal Reserve will wind down […]

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