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Energy Commodities Slump on Oversupply Concerns

Discussion in 'Technical Analysis' started by FXStreet_Team, Dec 15, 2015.

  1. FXStreet_Team

    FXStreet_Team Well-Known Member Trader

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    Precious Metals Down Ahead of Fed Decision Gold slid to a one-week low on Friday, before it tacked on in a choppy trade, as a less stable US Dollar supported prices going up; however, gains were still limited, as market participants get ready for the first since 2006 increase in interest rates by the Fed. On the Comex, bullion futures for delivery in February added 0.35%, or $3.70, to settle at $1,075.70 a troy ounce by the end of Friday’s trade, after falling to $1,061.70 earlier in the week,

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