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[MARKET ANALYSIS] Oil prices take a breather after rallying again on geopolitical risks

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WTI/Brent: WTI Apr'26 +0.3% / Brent Apr'26 +0.3%

  • Oil prices take a breather and hold on to the prior day's gains after advancing again as US/Iran tensions continued to dominate price action amid fears of a US strike, with US President Trump warning that there has to be a meaningful deal with Iran, otherwise something bad will happen, and suggested that they have 10-15 days.

Gold: Flat

  • Trades indecisively with prices oscillating around the USD 5,000/oz level ahead of key US data, including GDP and the Fed's preferred inflation gauge.

Copper: +0.5%

  • Remains afloat following the prior session's intraday rebound but with upside capped amid the mostly subdued risk appetite in Asia.
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