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Silver prices middle range created during the summer commodities 

$XAGUSD Silver Prices Continue Higher as Trump Inauguration Weighs on Dollar

Silver Prices Continue Higher as Trump Inauguration Weighs on Dollar Silver Buz Investors Silver Prices Continue Higher The precious metal is trading at $17.19 per ounce at 10:40 GMT this morning, 0.44% higher from the New York close. During the session, silver traded at a high of $17.29 per ounce and a low of $17.08 per ounce. In the New York session on Friday, silver rose 1.03% and closed at $17.12 per ounce, tracking gains in gold prices. Immediate downside, the first support level is seen at $16.94 per ounce,…

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GBPUSD Pound Jumps to 1.25, Markets Eye Autumn Forex News 

GBPUSD Fed Rate Fallout Weighs on Pound

GBPUSD Fed Rate Fallout Weighs on Pound GBP-USD Buz Investors Fed Rate Fallout Weighs At 10:40 GMT, the pair is trading at 1.2456, with the Pound trading 0.19% lower against US Dollar from the New York close. In absence of any major economic releases in UK today, investor sentiment would be governed by global macroeconomic factors. The pair witnessed a high of 1.2502 and a low of 1.2448 during the session. On Friday, the Pound traded 0.18% higher against the US Dollar in the New York session and ended at…

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Oil prices give up early gains as oversupply weighs Market Trends 

Oil prices give up early gains as oversupply weighs

Oil prices give up early gains as oversupply weighs Oil prices slipped after gains made earlier on Thursday and the previous day as overproduction and large volumes of unsold crude and ample refined products around the world weighed on markets. Brent crude futures were trading at $42.72 a barrel at 1203 GMT, down 38 cents from their last close and down from an intra-day high of $43.65 a barrel. U.S. West Texas Intermediate (WTI) crude futures were trading at $40.62 per barrel, down 21 cents, and after hitting an intra-day…

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Oil prices fell to three-month lows on Thursday as producers continued to pump more than needed, filling inventories, and economic growth prospects darkened. Brent crude oil was down 50 cents at $42.97 a barrel by 1010 GMT, after touching $42.88, its lowest since April 20. U.S. light crude was down 20 cents at $41.72. U.S. government data on Wednesday revealed a surprise rise in crude and gasoline inventories. The build added to an already huge global refined product glut just as slowing economic growth dents the demand outlook. "U.S. commercial stocks are a good reflection of the oversupplied nature of the global oil market," said Tamas Varga, lead oil analyst at London brokerage PVM Oil Associates. Oil markets have been dogged by oversupply for the last two years and fell by as much as 70 percent between 2014 and early 2016, when Brent hit the lowest in more than a decade at around $27 per barrel. Markets have since recovered some ground but oil remains very weak and low refining margins are hurting energy companies. Energy major Royal Dutch Shell reported a more than 70 percent fall in quarterly profit on Thursday, well below analysts' estimates, as weak oil and gas prices further ate into revenue. Shell's net income came in at $1 billion in the second quarter, compared with expectations of $2.2 billion and $3.8 billion achieved in the same period last year. Market Trends 

Oil hits 3-month lows below $43 as oversupply weighs

Oil hits 3-month lows below $43 as oversupply weighs oversupply weighs Oil prices fell to three-month lows on Thursday as producers continued to pump more than needed, filling inventories, and economic growth prospects darkened. Brent crude oil was down 50 cents at $42.97 a barrel by 1010 GMT, after touching $42.88, its lowest since April 20. U.S. light crude was down 20 cents at $41.72. U.S. government data on Wednesday revealed a surprise rise in crude and gasoline inventories. The build added to an already huge global refined product glut…

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