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Oil market: upside still limited by trade uncertainty

Brent crude briefly dipped to nearly one-week lows around $63 on Wednesday but managed to trim intraday losses substantially by the end of the day.

Gold bulls cautious ahead of a risk event

After a dramatic plunge on Friday amid a broad-based dollar rally on upbeat US jobs data, gold prices have been making recovery attempts since the start of the week.



23 October
Labor Day
Gold prices unsettled by trade- and OPEC-related optimism

Gold prices struggled to challenge the 100-DMA earlier this week, which continues to serve as the key barrier on the way to the $1,500 psychological level.

Oil hinges on OPEC+ verdict

Crude oil prices struggle to shift into a recovery mode on Tuesday after a rejection from the $62 region at the start of the week.

Gold struggles for a clear direction

After a rally on Friday, gold prices are back under the selling pressure as risk sentiment has improved at the start of the trading week.