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Oil Tumbles on Output Freeze Worries

Discussion in 'Technical Analysis' started by FXStreet_Team, Apr 6, 2016.

  1. FXStreet_Team

    FXStreet_Team Well-Known Member Trader

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    Precious Metals Plummet on Upbeat US Data Gold slipped during the last trading day of the prior week, as better-than-expected US Non-farm Employment Change data along with manufacturing figures renewed speculation that the US Central bank could consider hiking rates sooner and at a faster pace than it has estimated. On the Comex division of the New York Mercantile Exchange, gold futures for delivery in June declined to a midday bottom of $1,210.30, before settling at $1,223.50 a troy ounce by

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