Crude oil prices surge, Gold under pressure
Oil prices continue surge, Gold price is under pressure
Commodity experts estimate the latest comments by OPEC representatives support Brent Crude Oil prices. The Kuwaiti oil minister sees the oil market still moving to market equilibrium.
Last week’s FED meeting weighed on the gold price. Furthermore, the typical interdependence between the EUR/USD exchange rate and Gold prices was seen.
The Aluminium price reached a five-year high at 2.188 USD per ton last week. The global Aluminium production decreased in August 2017.
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