Global Market News
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Upward Revision to Q2 GDP Aids the US Dollar’s Feeble Recovery
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The second estimate of US GDP growth in Q2 saw an upward revision from 2.5% to 3%. However, US resilience has come under pressure, particularly in the labour market of late
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Gold (XAU/USD) and Silver (XAG/USD) Drift as US Dollar Pares Recent Losses
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Gold and silver have come off their recent highs as the US dollar nudges higher ahead of the US open. Nvidia results after the US market closes will be key for risk sentiment.
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Libya Outages and Middle East Tensions Spark Supply Concerns. WTI Nears key $77.40 Resistance
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WTI crude nears pivotal $77.40 level and Brent crude shies away from confluence resistance. External factors continue to influence recent moves as Middle East threat eases