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A painful blow to the dollar while the decline in both gold and oil futures…

News Date: 21/11/2022 03:49:54
 

 After the issuance of weak data on inflation and the possibility of the Federal Reserve slowing down the pace of tightening monetary policies, the dollar received a strong blow, although retail sales were well received. Last week’s trading was at the level of 106,969.

 

With the start of weekly trading, gold futures contracts fell within the range of $8, down to levels that reached $1,745 an ounce.

And after gold traded near the levels of $1755 an ounce, it fell to levels below $1747, a decline of 0.5%.

 

Oil prices were affected by concerns about the demand for fuel, in addition to the rise in interest rates. Hovering near its lowest level in two months, Brent crude oil futures fell 0.3% to $87.34 a barrel.

US West Texas Intermediate crude futures for December delivery were $80 a barrel, down 8 cents. The most active January contract fell by 21 cents to $79.90 a barrel.

 

On the Tokyo Stock Exchange, the Nikkei index rose at the beginning of trading, rising by 0.29% to 27982.00 points, while the broader Topix index rose 0.28% to 1972.49 points.

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