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WTI buoyant above $84.00 with OPEC+ set to ignore international calls for faster output hikes

Front-month futures of the American benchmark for sweet light crude, called West Texas Intermediary (commonly abbreviated to WTI) has slipped back fro ....

United States , Asia Pacific , Joe Biden , West Texas Intermediary , Monday Asia Pacific , Goldman Sachs ,

US Dollar Weakens as Dovish Fed Lifts Stocks, Bonds, Commodities and Other Currencies. Where To From Here?

US Dollar Weakens as Dovish Fed Lifts Stocks, Bonds, Commodities and Other Currencies. Where To From Here?
dailyfx.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from dailyfx.com Daily Mail and Mail on Sunday newspapers.

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Silver consolidates beneath $25.00 level following choppy Asia Pac session


1/18/2021 3:05:18 PM GMT
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By Joel Frank
Spot silver prices have for the most part been capped below the $25.00 mark in recent trade.
Given US market closures amid MLK Day holidays, volumes are thin.
Slight USD strength has done little to dent sentiment towards precious metals.
Spot silver prices (XAG/USD) have for the most part been capped below the $25.00 mark in recent trade, with price action mostly sticking close to the metals 50-day moving average at $24.90. Volatility has subsided significantly following what was a very choppy start to Monday Asia Pacific trade; shortly after the reopen of trade, spot silver prices dropped sharply to lows just above $24.00, before abruptly reversing back towards the $25.00 mark, around which prices have consolidated. At present, the precious metal trades with modest gains of about 0.8% or about 20 cents. ....

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