Crude Oil under pressure, Gold demand low

05.10.2017 | 2 min lukea

Oil prices under pressure, Gold demand low

Crude oil

Crude oil prices were under pressure at the weekly opening due to several reasons. On the one hand the stronger US-Dollar hold down oil prices, on the other hand a higher OPEC production level provided the selloff sentiment.


Although geopolitical risks are still the relevant topics, an escape in Gold as safe harbor has stayed away so far.


After the surge of prices in the Copper market investors took profits in the last month. The current Copper price in the area of 6,500 USD/ton seems to be low, but is about to stabilize at this level.

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