Oil prices initially reacted yesterday with modest losses to the meeting between US President Trump and Russian President Putin last Friday, Commerzbank's commodity analyst Carsten Fritsch notes.
Gold (XAU/USD) extends its rebound on Wednesday, advancing for a second day after recovering from over a one-week low near $3,330.
Gold (XAU/USD) reversal from the $3,400 area has been contained at a strong support area between $3,335 and $3,345, where the pair was contained on August 4 and 5, which is also coincident with the 50% Fibonacci retracement of the early August rally.The pair is trading sideways without a clear bias