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Gold Recovering, Oil Rebounds, Dollar Stabilizes While Fed’s Boston Chief Supporting Greater Economic Assistance

Gold has recovered its color on Tuesday after getting a blow on Monday due to the return of risk appetite. After slipping the highest one-year decline of 5 percent in more than seven years on Monday for the Comex Futures contract, Gold gained 1.2 percent to $1,876.4 on Tuesday. In the expectation of an anti-Covid vaccine, oil prices continued to climb on Tuesday: the December contract for the barrel of U.S. light crude (WTI) took 2.7 percent to $41.36 after an 8.5 percent leap on the Nymex on Monday. After a 7.5 percent jump the day before, the Brent contract

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Oil Fell But Gold & Silver Rose

According to trading data, global oil prices fell by more than 3% on Friday due to increasing concerns about demand for raw materials in the light of the ongoing coronavirus pandemic. The cost of January futures for Brent North Sea oil mix fell by 3.37 percent, to $39.55 per barrel, and December futures for WTI crude oil fell by 3.92 percent, to $37.27 per barrel. At the same time, Brent crude oil grew by more than 5%, and WTI by 4% this week. The rise in human infections with the latest coronavirus and the possibility of repeated economic shutdowns in

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