Oil market is being traded short on the back of messages saying, that tropical storm “Barry”, which status was updated to hurricane for a short while, on Monday evening has left the Gulf of Mexico without causing any tangible damage to local oil production infrastructure.
All Monday, gold was trading in a very narrow price range, since there were no important economic and geopolitical news on the market that could have a strong influence on trading.
The EUR / USD pair is trading near Monday's lows waiting for the publication of important economic data from Europe and the USA.
Oil market continues upward movement on the back of steep escalation of the conflict in the Strait of Hormuz, where Iranian military vehicles attempted to block one of the British tankers.
On Wednesday, gold ended its growth by more than 1%, amid a weakening dollar and lower yields on American treasuries, after the speech of Fed Chairman Jerome Powell in the US Congress.