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Precious Metals and Energy Overview

Metals Gold futures were up $3.2, or 0.18%, at $1,797.90 per ounce. Silver futures were up 30.7 cents, or 1.32%, at $23.477 an ounce. Platinum was up $28.1, or 2.74%, at $1,052.30 per ounce. Palladium rose $44.80, or 2.1%, at…

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Oil Price Drop, Gold Hopes – Inflation Figures

Crude oil futures closed lower yesterday (Oct. 13) after OPEC lowered its forecast for global oil demand in 2021. Investors are watching the U.S. crude oil inventory report and outlook for 2022, which is scheduled for release today. WTI crude…

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Inflation wake-up call

Never trust a statistic you haven’t fudged yourself. Unsurprisingly, inflation in the U.S. continues to rise, which by now even the last citizen at the supermarket shelf should have noticed. Official CPI figures say inflation has risen to 5.4% YoY…

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Gold, oil climbed – IMF lowers forecast

Rising inflation, energy crisis, and the threat of stagflation make gold prices rise. The International Monetary Fund (IMF) has lowered its forecast for the global economy this year. Gold futures were up $3.6, or 0.21%, at $1,759.30 per ounce. Silver…

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Gold falls – Fed plans to reduce QE

Gold futures fell 0.14% to $1,754.95 an ounce at 5 p.m. after hitting a two-week high. The Federal Reserve (Fed) is expected to start reducing assets in line with the planned timeframe, even though the latest U.S. employment data came…

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Precious metal and crude oil update

Precious Metals The gold price fell $1.80, or 0.1%, to $1,757.4 per ounce, closing the week down $1. Silver futures rose 4.7 cents, or 0.21%, to $22.71 an ounce. Platinum prices rose $42.90, or 4.35%, to close at $1,028.20 per…

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Gold with short-lived rise

The gold price briefly rose to $1782.05 after the disappointing U.S. jobs data, but after a short time found itself back at almost the same level as earlier in the day. The gold price is at $1758.10 per ounce in…

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Oil market, gold, and fiat update

Crude oil futures closed yesterday (October 6) in the red. After the U.S. government’s Energy Information Administration (EIA) announced that crude oil inventories rose unexpectedly last week. In addition, investors took profits after four consecutive days of higher crude oil…

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