Gold lost most of the gains recorded on Thursday amid positive news about trade talks between the US and China.
Oil market has closed trading session on Wednesday tumbling more than 2% despite U.S. Energy Department reported substantial draw down in crude stocks ( -6,9 million barrels against the forecast of -2,7 million barrels).
The pair EUR / USD recently updated weekly trading lows awaiting the outcome of the ECB meeting.
Gold is trading in a narrow range against the backdrop of uncertainty before the ECB meeting at which the regulator is likely to decide on a significant easing of monetary policy.
Oil market has closed Tuesday’s session with slight decline reacting on unexpected resignation of U.S. President national security adviser John Bolton.
The EUR / USD pair is still trading in a very narrow price range, awaiting a meeting of the European Central Bank at which, most likely, a decision will be made on a serious easing of monetary policy.
For the fourth day in a row, gold completes trading in the red zone amid declining demand for safe assets.
Oil market retains upward vector amid growth of investors’ risk appetite and emerging of positive industry news.
Oil market opens new trading week in the green reacting to the news reporting replacement of Saudi Arabia’s Energy Minister.