Crude oil fell today as concerns about the US-China trade war intensified. China announced additional 25% on billion of US goods in response to the announcement from Washington about tariffs on billion of Chinese goods. Traders tend to hurt economic growth, and as a result are harmful to growth-dependent commodities, like crude. Futures for delivery of WTI crude oil in September dropped 0.13% to .85 per barrel on NYMEX. October contract for Brent grade of oil declined 0.26% to .09 per barrel on ICE. Prices for gold declined as well due to the broad-based strength of the US dollar. Bullion failed to profit from fundamentals that looked supportive to the commodity like the trade wars and stagnating producer inflation in the United States. Contract for delivery of gold
Vladimir Vyun considers the following as important: Gold, oil, Silver
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Crude oil fell today as concerns about the
Prices for gold declined as well due to the
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