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The WTI Crude Oil market fell rather hard during trading on Thursday, slamming into the $50 level yet again as OPEC concluded their meeting without announcing any new cuts.
Gold prices ended Thursday’s session with slight gains.
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Gold prices fell $2.49 an ounce on Wednesday as investors took profits from a recent rally to a five-week high.
The WTI Crude Oil market rallied again during the trading session on Wednesday but continues to struggle as we get close to the $55 level.
The US dollar bounced the nicely during the Wednesday session, as we had reached below the ¥113 level.
The stock market was of course closed during the Wednesday session in observance of the state funeral for George HW Bush.
The Euro initially fell during trading on Wednesday but turned around to show resiliency yet again.