The oil market came under further pressure yesterday, settling under US$66/bbl for the first time since early June. Sentiment was bearish following releases from the International Energy Agency (IEA) and Energy Information Administration (EIA).
Gold price recovered some ground on Tuesday, climbing 0.20% following the release of July’s inflation print in the United States (US). Although prices had risen, Bullion’s was supported by US President Donald Trump's remarks threatening the Federal Reserve’s (Fed) independence.
Silver Price advances for the fourth time in the week, poised to end above $38.00 a troy ounce and close to weekly highs of $38.50 as traders prepare for the weekend.