United States Wholesale Inventories above forecasts (0.7%) in April: Actual (0.8%)

Jun 7, 2019

Gold eases from 3-1/2 month tops, still well bid above $1240 level

• Dismal US monthly jobs report exerts some heavy pressure on the USD. • Investors remain convinced that the Fed will eventually cut interest rates.

WTI struggles for direction near $53.00 ahead of data

Prices of the West Texas Intermediate are trading within a tight range around the $53.00 mark per barrel at the end of the week. WTI now looks to data