Last Friday Oil eased after three consecutive sessions of constant profits. Oil had its strongest week since the beginning of July. The reasoning was the boost from the decline in US inventories and from a hurricane that was near Florida.
Brent crude fell 7 cents, at $61.00, following an increase of 1% recently. US oil dropped 11 cents, to $56.59 a barrel. Now last Friday the safe haven Gold fell while China and the United States showed the goodwill to resume trade talks. The resumption was aiming to resolve the ongoing trade conflict. That fact pressed the metal for short weekly drops notwithstanding a great August. Spot gold fell 0.2% to $1,525.05 per ounce while the US gold futures also declined 0.2% at $1,534.49 an ounce.
What is the future of the GBP?
Weekly Report - 02/09/2019