West Texas Intermediate (WTI) Oil price falls on Tuesday, early in the European session. WTI trades at $60.89 per barrel, down from Monday’s close at $61.37.Brent Oil Exchange Rate (Brent crude) is also shedding ground, trading at $64.68 after its previous daily close at $65.16.
Following the sanction-driven rally in Oil late last week, the market got another boost from the improved tone in trade talks between the US and China. Over the weekend, indications were that the truce would be extended.
Gold (XAU/USD) edges higher on Thursday, trading around $4,115, up nearly 0.40% for the day. Demand for safe-haven assets remains firm amid the prolonged budget deadlock in Washington and persistent geopolitical uncertainty.