OPEC decides an extension of productions cuts
On Thursday, an alliance of OPEC and non-OPEC countries decided an extension of the production cuts active since the beginning of the year. Gold could not stabilize its increases and moved to lower levels.
Crude oil prices started with decreases in the weekly trading session and could not tie on the increases of the previous week.
Risk appetite came back to investors and Gold declined. Background could be the tax reform plans in the U.S., which could already be law in 2017.
After months of steady increases and higher demand expectations the Aluminum price does not make any progress at the moment.
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