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Oil and Gold Prices Rise on Geopolitical Tension while Metals Recover


2015-11-24 10:50:41
(MENAFN- DailyFX) Talking Points:

Oil steadies near 2-week high as Turkey-Russia tension and refined-product rally prompted demand Copper and metals head for first gains in 6 weeks on the back of oil surge Safe haven gold Aussie bonds and Japanese yen are back in favour amid tumult

Profit taking of US dollar before the Thanksgiving holidays and month-end flows led to lower USD. This provided additional support to commodity prices on top of macro and fundamental drivers.



DailyFX (IG.com)

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