Gold rally stalls but oil holds up
Gold has reversed from the highs of the week but oil is still pushing higher.
Gold
The bounce received a check this week as Gold fell back from the almost five-month high above $1910. A small reversal continues, although this has barely put a dent in the surge over the month so far. A short-term retracement would be healthy, and could test support at $1875.
WTI
It has been a good week for oil prices, which have rallied hard since last Friday. A move above $67.85 now looks likely, and would open the way to prices not seen since October 2018. A failure to break $67.85 would be a negative development, at least in the short-term, although a much larger pullback requires a drop back below $63.
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