Oil prices pulled back on Wednesday, February 28, as the prospect of delays to US interest rate cuts and a jump in US crude stocks that beat expectations offset a boost from a potential extension to supply curbs by the Organization of Petroleum Exporting Countries. Last week, Brent crude declined about two per cent and WTI fell more than three …
Gold prices rose on Friday, as US Treasury yields fell and a pullback in global equities bolstered demand for the safe-haven metal ahead of the U.S. non-farm payrolls report. “It’s a bit of flight to safety right now we are seeing in gold because the stock markets are lower,” said Edward Meir, an analyst at ED&F Man Capital Markets. “What …
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